Linklaters advises on the most important ever software program buy-out

Linklaters has suggested the promoting traders, together with Hg’s Genesis 7 Fund and Montagu, on the sale of a stake in main software program firm Visma to a consortium of traders led by Hg’s Saturn 2 Fund. The funding consortium additionally contains Warburg Pincus, TPG and CPPIB. The transaction values the enterprise at US$12.2bn and is the most important ever buy-out of a software program firm.

Visma is the most important supplier of cloud-delivered software program to European companies with over 11,000 workers, together with 4,000 software program builders who serve over a million enterprise clients throughout the Nordic, Benelux and Baltic areas.

The Linklaters crew was led by Alex Woodward (associate) and Peter McCabe (managing affiliate), and in addition included Ben Rodham (associate), Daniel Gendron (associate), John Livesey (managing affiliate) and Rita Teo (affiliate).

It is the most recent in a sequence of high-profile personal fairness offers that the agency has suggested on. Earlier this 12 months, Linklaters suggested ThyssenKrupp on the sale of its elevator expertise enterprise to a consortium of bidders led by Advent, Cinven and RAG Foundation at a purchase order worth of €17.2 billion