Hg Leads Further Majority investment in Visma; Company valued at US$12.2 Billion
Summary
European software investor Hg announced that Hg Saturn 2 Fund is making a further investment in Visma, a provider of business-critical software to private and public enterprises in the Nordic, Benelux and Baltic regions. Warburg Pincus and TPG will invest in the company for the first time, acquiring minority stakes. Existing investor CPPIB will increase its stake, alongside other current co-investors in the business, including General Atlantic who invested earlier in the year. Following completion of the transaction, Hg will continue to own a majority (c.54%) stake in Visma, with co-investors GIC, ICG, CPPIB, Warburg Pincus, TPG, General Atlantic and management. Led by Merete Hverven, CEO, Visma is a provider of cloud-delivered SaaS to over one million businesses in areas such as accounting, resource planning, payroll, HR and commerce applications.
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