This week’s deal of the week is a Nordic buyout that sees Cinven acquire one-third of Visma, a Norwegian software and service company, expanding its number of PE owners, according to Visma. The deal, which includes co-investments from institutional investors, is worth about one billion dollars. Visma, is an IT services, software company with a huge cloud-based hosting business that has completed a remarkable 75 acquisitions in recent years. It is the Nordic region’s leading provider of business management software and is now owned by Kohlberg Kravis Roberts, HgCapital and Cinven, and a small stake held by management.
With PE backers, the company is achieving a compound annual growth rate of 16%. Furthermore, the number of employees increased from 2,512 to 5,648 during this period of high growth. (Image source: Visma)