Ropes & Gray advises ICG on Visma transaction
Ropes & Gray has advised Intermediate Capital Group (ICG) in connection with an investment by Aeternum Capital, Government Pension Fund Norway (Folketrygdfondet), Vind, GIC and certain existing institutional investors in Visma – a provider of business-critical software to private and public companies in Europe.
The transaction values Visma at EUR16 billion (~NOK165 billion).
Following completion of the transaction, Hg, a leading global investor in software and services, will continue to own a majority stake in Visma, alongside a group of co-investors comprising GIC, ICG, CPPIB, General Atlantic, TPG, Warburg Pincus, Visma management, and the new investors.
The Ropes & Gray team was led by private equity transactions partner Helen Croke. Other members of the team included private equity transactions associate Nick Matthew and trainee Olivia Bennett. All are based in London.