Freshfields Bruckhaus Deringer (‘Freshfields’) advised Cinven on its sale of 40% of its equity stake in Visma, a leading provider of business critical software to small and medium sized businesses in the Nordic and Benelux regions, to a group of investors led by HgCapital.
 
An investor group led by HgCapital, an existing investor in Visma, together with GIC, Montagu and ICG, is also acquiring 100% of KKR's stake in the Group. Cinven retains a significant minority stake in the Group. The total transaction is valued at €4.7bn and is subject to regulatory approval.
 
The Freshfields team was led by partners Adrian Maguire and Victoria Sigeti.
 
This is the second large sale of a technology company by Cinven on which Freshfields has acted in the last 12 months. In late 2016, it was announced that the firm had advised Cinven on its €1.69bn sale of web services provider HEG to GoDaddy Inc.