Cinven completes acquisition of Visma
Cinven today announces that it has completed its investment in Visma AS ('Visma or 'the Group'), a leading software and business process outsourcing (BPO) services business in the Nordic region, for a total enterprise value of NOK 21 billion (€2.5 billion). The acquisition was co-led by Cinven, HgCapital and KKR.
Cinven's TMT team identified Visma as an attractive investment opportunity on the basis of its market leading position within the enterprise resource planning (ERP) marketplace and the potential for further organic and acquisitive growth; its mission critical software and recurring revenue stream, along with significant growth potential in Software-as-a-Service (SaaS); and the Group's strong product innovation.
Visma represents the eighth investment from Cinven's Fifth Fund.