Singapore: GIC joins HgCapital-led $5.3b buyout of Norwegian tech firm Visma; KKR exits

Singapore: GIC joins HgCapital-led $5.3b buyout of Norwegian tech firm Visma; KKR exits

Photo: Bloomberg

In the largest ever software deal in Europe, LSE-listed HgCapital has led a $5.3-billion buyout of Visma in a transaction that will see the investor group acquire 41 per cent of the tech company with Singapore’s sovereign wealth fund GIC picking 12 per cent. The deal is valued at EUR 4.7 billion ($5.36 billion).

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