ABG Sundal Collier acted as financial advisor to Visma Group in connection with the divestment of its IT Consulting business to CVC

On Thursday 16 June, Visma announced the signing of an agreement to divest their IT Consulting business focused on digital transformation, to CVC, a leading global alternative investment manager.
Visma’s IT Consulting business, focusing on digital transformation, has been a part of the Visma Custom Solutions division and is a leading provider of mission-critical IT solutions and data-driven technologies to the public and private sector in the Nordics. The divested part of the division holds a best-in-class track record of profitable growth, growing 22 percent annually on average over the last five years, and is one of largest Digital IT Services companies in the Nordics, with projects spanning the entire software and app development lifecycle, leveraging capabilities in GovTech, analytics, cybersecurity, and cloud.
The bespoke nature of the IT Consulting business differs from the rest of Visma Group, which is centered around SaaS, and a key rationale for the transaction is that both Visma and the new company can achieve even stronger growth as two separate businesses. CVC will support the existing management and new company in growing and developing its leading market position through both organic growth and future acquisitions, under a new brand.
ABG Sundal Collier and Bank of America Europe DAC acted as joint financial advisors in the transaction. The transaction marks yet another major transaction where ABG Sundal Collier assists Visma Group. We remain thankful for the repeated vote of confidence and look forward to following both Visma Group and the new company in its future endeavors.