MJ Hudson Law represented three institutional co-investors who invested alongside Hg, Europe’s leading software investor, in Visma, a provider of business-critical software to enterprises in the Nordic, Benelux and Baltic regions. The deal values Visma at an Enterprise Value of US $12.2 bn and is the largest ever software buyout globally.
Following completion of the deal, Hg will own a majority (c.54%) stake in Visma, with third party co-investors GIC, ICG, CPPIB, Warburg Pincus, TPG, General Atlantic and management.
Whitney Lutgen, Senior Associate, commented: “This transaction shows two trends we are seeing with the current COVID private equity environment – increased co-investment volume (both in number and size) and migration towards technology focused business.”
You can read more in Hg's press release, here.