Kirkland Advises CPPIB on the Acquisition of an Additional Stake in Visma Group

Kirkland & Ellis advised the Canada Pension Plan Investment Board (“CPPIB”), acting through its wholly-owned subsidiary, CPP Investment Board Europe S.a.r.l., on the acquisition of an additional c.€110 million stake in Visma Group, a leading provider of business-critical software to private and public enterprises in the Nordic, Benelux and Baltic regions, from Cinven. Kirkland previously advised CPPIB on its acquisition of a minority stake in Visma from Hg in January 2019. Hg will also make a further investment of c.€640 million in Visma as part of this transaction.
 
The transaction was signed on April 17, 2019 and is expected to close in Q2 2019. The team was led by transactional partner David Higgins and associates Annette Baillie and Amelia Rolfe.