Visma

The Norwegian software company grew into one of Europe’s largest after completing more than 100 acquisitions under KKR’s ownership.

The $5.3bn buyout of the Nordic software company, involving some of the biggest names in the industry, will be Europe’s largest-ever software buyout.

KKR's debut Nordic deal is for business software company Visma, whose EBIDTA has grown more than 265% since its 2006 take-private by HgCapital.

Following the collapse of a lower offer from business software group Sage, HgCapital has made a NOK4.32bn bid for Norwegian accounting software business Visma.

The Japanese philosophy of kaizen – a constant focus on improvement – will be key to replicating software specialist Hg’s success over the coming decades

CPP Investments will have a new head of its directs business. Plus: Calvey's guilty verdict could sound a death knell for Russia's PE market and why the latest efforts to close a perceived CI tax loophole in the US are different from previous attempts. Here's today's brief, for our valued subscribers only.

The development comes a week after the world's biggest private equity investor said it was promoting its Asia-Pacific head to lead its global PE business.

The 40 under 40: Future Leaders of Private Equity operators who really make portfolio companies count, with a special emphasis on ESG.

Will the current crisis cut budding managers down before they raise Fund I? Probably not, fundraisers tell us. Plus: the future for GP-led secondaries, new hires for Verdane and Black Diamond, and much more. Here’s today's brief, for our valued subscribers only.

Specialisation provides the necessary expertise to take software firms to the next level, says Hg managing partner Matthew Brockman.

San Francisco will be the Canadian giant's second US location, where it expects its on-ground-presence in the technology ecosystem to help various initiatives.

Firms, deals, fundraises and country-specific awards for Europe, the Middle East and Africa.