ABG Sundal Collier (“ABGSC”) acted as financial adviser to Visma and its shareholders in the further expansion of its ownership base, valuing the business at EUR 19 billion

On Thursday 21 December 2023, Visma (the “Company”) announced it had expanded its shareholder base through inviting around 20 new investors worth over EUR 1bn of equity investment to its shareholder register, combined with approximately EUR 3bn of net new investments from existing shareholders including Hg, who will continue its 17-year ownership as majority investor.
Today, Visma is the largest privately-owned software business in Europe. The Company has built a position as a leading cloud accounting and ERP solution provider to Small Businesses in Europe, with strongholds in the Nordics and Benelux. The current transaction values Visma at an EV of EUR 19bn and is a result of world-class cloud solutions that help customers drive efficiency, innovate, and stay competitive. Further, Visma has continued to showcase successful international expansion and focused the Company’s business model on standardized cloud SaaS products following the strategic divestments in 2022. The current transaction follows a strong period of growth, with now 17 years of uninterrupted year-on-year revenue and EBITDA growth (18% and 22% CAGR respectively during the period) and ARR of EUR 2.2bn.
ABGSC acted as financial adviser to Visma and its shareholders in the transaction. This landmark transaction marks yet another time ABGSC is involved in a major transaction in Visma, including last year in the divestment of Visma Custom Solutions. The transaction marks two decades of collaboration and we remain thankful for the repeated vote of confidence and look forward to following the journey of this leading European software star.