OC&C advises Hg on Visma investment valued at $12.2bn, the world's largest software buyout

Thursday 27 August 2020 | News

We are pleased to congratulate Hg in leading a new investment in Visma at an Enterprise Value of NOK 110 billion (US$12.2 billion), making this the largest ever software buyout globally.

Founded in 1996, Visma is now the largest European provider of cloud-delivered SaaS software in areas such as accounting, resource planning, payroll, HR and commerce applications. Providing their business-critical software to private and public enterprises in the Nordic, Benelux and Baltic regions.

Visma’s early investment in SaaS has delivered exceptional and uninterrupted revenue and EBITDA growth of 19% and 23% CAGR respectively over the last 15 years. The business today has over 11,000 employees, including 4,000 software developers, and continues to invest in world-class technology, including new areas of innovation such as AI and machine learning, with a view to create a fully online ecosystem for SMBs across Europe. 

Hg has been a highly knowledgeable and valuable investor, whose extensive and deep knowledge of software and SaaS has contributed to the emergence of Visma as one of the most successful cloud software businesses in the world.  

OC&C are very proud to have worked consistently with Visma and Hg across the last 15 years, ever since supporting the business being taken private from the Norwegian stock exchange in 2006. This transaction demonstrates OC&C’s outstanding track record of building long-term client relationships and successfully executing landmark TMT transactions.

We are leading advisors across the software and cloud technology space, bringing a great knowledge base and understanding of the Nordic and Benelux markets to our clients. We have served major private equity investors on most of the biggest M&A deals in this space in the last 10 years, and provided strategic advisory services to executives of market leading companies.

For more details on this transaction or OC&C's broader experience in this space, please contact Colin Tyler, Justin Walters, or Henri-Thierry Toutounji.