Visma
Country: Norway
Investors: Hg
Without private equity, Oslo-listed Visma would have lost its independence in a takeover by a large competitor just eight years after its launch. Instead, Hg’s 2006 investment in the business enabled it to remain independent. Hg supported Visma’s management team, providing capital and expertise for acquisitive and organic expansion, enabling the company to grow, for the benefit of its employees, customers and owners.
In 2010, Hg sold part of its stake to KKR and together, the two private equity firms continued to support Visma through acquisitions and investment in cloud-based technology. The business is now owned by KKR, Cinven and Hg.
Oystein Moan
CEO - Visma
We are proud to have backed a strong, growing business, which has generated jobs, even through the economic crisis.
15%
annual organic growth rate 2006-2015
2x
increase in R&D spend
What did the business need?
Improvements to profit margins
Private ownership – was misunderstood by public market owners and analysts
Investment to improve customer offering
How did private equity backing create lasting value?
Supported over 75 acquisitions between 2006 and 2014 to create international business
Provided hands-on support to improve operations and pricing strategy
Doubled R&D spend to support new product innovation
Repositioned public perception of Visma through marketing initiatives
What outcomes did private equity investment achieve?
Created an international business worth over €2.5bn
Positioned Visma as one of Europe’s largest software as a service companies
Improved margins from 13% to 21% to create a sustainable business
Provided financial and hands-on support for over 10 years
Investors
