Kirkland & Ellis represented the Canada Pension Plan Investment Board, through its wholly-owned subsidiary, CPP Investment Board Europe S.a.r.l., on its acquisition of a minority stake in the Visma Group, a leading provider of business-critical software to private and public enterprises in the Nordic, Baltic and Benelux regions, from Hg following a competitive sales process. Following the transaction, Visma will have backing from some of the worlds largest institutional and specialist technology investors alongside lead investor Hg, including Cinven, GIC, Intermediate Capital Group and Montagu.
The financial terms of the transaction have not been disclosed.
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The Kirkland team was led by London-based transactional partner David Higgins and associates Annette Baillie and Amelia Rolfe.