CPPIB to add to investment in HgCapital-owned Visma
Canada Pension Plan Investment Board (CPPIB) has agreed to invest a further €110 million ($166 million) in Visma Group, an Oslo, Norway-based provider of business software and services in Europe. The announcement was made by U.K. technology private equity firm HgCapital, Visma's majority shareholder, which said it will invest an additional €640 million. The investments by Hg and CPPIB realize the interest held by Cinven. The deal values the company at more than €6.5 billion. CPPIB first invested in Visma in January, acquiring part of the stake held by Hg.
18 April 2019•4 mins read
