Norwegian software program service agency Visma’s management is eyeing a possible 2023 preliminary public providing, a spokesman informed Reuters.
“We’re contemplating an IPO throughout 2023, after all on condition that market situations are favorable. The Oslo Inventory Change might be possibility,” the spokesman stated in an emailed assertion, Reuters reported.
Visma states in advertising and marketing supplies that it offers “software program that simplifies and automates processes in a variety of enterprise areas, together with accounting, HRM and payroll, invoicing, e-government, and extra.”
Visma’s majority proprietor is Hg, a personal fairness agency that acknowledged in a information launch Thursday that the software program firm’s worth as of a current collection of personal investments is about $19 billion.
“It’s due to Visma’s devoted and proficient workers, with their entrepreneurial mindset and native experience, that we have now achieved our place in Europe right now. Visma has additionally lengthy benefited from a supportive and educated investor base, which has been extremely invaluable to the expansion of the enterprise,” Visma Chief Government Merete Hverven stated in a ready assertion accompanying the announcement of the brand new buyers.
Hverven added: “The longer term seems to be shiny for the expansion of digital companies, as companies more and more see the worth of cloud options to deal with their most necessary enterprise processes.”
Enterprise capital agency Hg retained majority possession of Visma after the brand new spherical of investments, based on the software program firm’s announcement. Different buyers within the newest spherical embrace: GIC, ICG, CPP Investments, Common Atlantic, TPG, Warburg Pincus and Visma administration.
Hg states it has funds beneath administration of about $37 billion and an funding employees of greater than 140.
NEW PYMNTS DATA: TODAY’S SELF-SERVICE SHOPPING JOURNEY – SEPTEMBER 2021
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