The Oslo, Norway-based company also has 20 new investors who put approximately $1.1 billion into the company. Visma operates in 28 countries in Europe and South America, having entered entering France, Germany, Portugal, Peru and Iceland in the last two years. Part of the room for new investors came from the Canada Pension Plan Investment Board, which expects to gain roughly $700 million from the sale of some of its holdings. CPP will retain a 2-percent stake in Visma. New investors included Altaroc, Jane Street, NPS and NYC Retirement System contributions from existing investment included additional funding from ICG, TPG and Visma management. Privately held Visma reported revenue of about $626.3 million for the third quarter ended September 30. That was an increase of 15 percent over last year’s corresponding period. It has acquired scores of software companies, many of them which concentrate on a particular country.
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VISMA NABS $3B PLUS Featured
European ERP vendor Visma has received about $3.3 billion in new capital from existing shareholders, including majority owner, Hg.
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