ABG Sundal Collier acted as placement agent as part of Visma’s strategic expansion of the shareholder base, valuing the business at EUR 16 billion

On 9th September, Visma (the “Company”) announced a successful strategic expansion of its shareholder base bringing on leading Nordic and international institutions. The transaction brought in high-quality names such as Aeternum Capital, the Government Pension Fund Norway (“Folketrygdfondet”), Vind, and GIC through a secondary sale of shares.
Since Visma delisted from the Oslo Stock Exchange in 2006 Visma has become the #1 SaaS ERP provider for SMBs in Europe and one of the top five software companies in Europe, delivering a stellar and uninterrupted revenue and EBITDA growth year-on-year over the last 15 years. The current transaction values the Company at an EV of EUR 16.0bn (NOK ~165bn) and is a result of Visma having built word-class cloud solutions that help customers improve efficiency and competitiveness. The new shareholders will invest alongside the majority owner Hg, a leading global software and services investor, and a group of co-investors comprising GIC, ICG, CPPIB, General Atlantic, TPG, Warburg Pincus, and Visma management.
ABG Sundal Collier and Goldman Sachs International acted as joint placement agents in the transaction. The transaction marks the sixth time ABG Sundal Collier is involved in a major transaction in Visma, and together with the ownership transitions, represents more than two decades of collaboration. We remain thankful to all involved parties and are hugely impressed with the journey Visma and its shareholders have delivered over time. On behalf of ABG Sundal Collier we are grateful for the repeated vote of confidence and look forward to following Visma in the years to come.