LETT has advised the Visma Group on the acquisition of the Bluegarden Group, which is the leading Scandinavian supplier of payroll systems and HR management with branches in Denmark, Norway and Sweden.

Bluegarden, which is behind payroll-system products such as MultiLøn and DataLøn, has for the past 1½ years been owned by US P/E fund Marlin Equity Partners.

‘These are two enterprises that are a good match. There is no overlap as such, but both enterprises share the interest in supplying solid and simple, straightforward solutions, so there should be opportunities,’ says Mogens Elsberg, CEO of the Bluegarden Group, to the Danish financial paper Børsen, pointing out that he speaks on behalf of Bluegarden and thus not about Visma’s strategy.