Arma Partners advises Hg on its substantial further investment in Visma valued at €19 billion
Arma Partners is pleased to announce that it has acted as financial advisor to Hg on its substantial further investment in Visma, a leading provider of mission-critical cloud software in Europe and Latin America. The investment values Visma at an Enterprise Value of €19 billion ($20.9 billion). The transaction secures €4 billion ($4.4 billion) of equity from 20 new investors including Altaroc, Jane Street, NPS and NYC Retirement System with existing shareholders ICG, TPG also investing alongside Hg, who will remain majority investor in the business.
Visma is the largest privately-owned software business in Europe and a leading provider of cloud accounting and ERP solutions to small and medium sized businesses. After a period of significant international expansion, entering France, Germany, Portugal, Peru and Iceland in the last two years alone, the company is currently present in 28 countries with €2.4 billion ($2.6 billion) in revenue and more than 15,000 employees.
This transaction demonstrates Arma Partners’ outstanding track record of successfully executing the largest PE-backed software recapitalisations and forging long-term client relationships, having previously advised on Visma’s $12.2 billion recapitalisation in 2020, $5.3 billion recapitalisation in 2017 and $3.5 billion recapitalisation in 2014.