M&A Deal Summary

HgCapital and Intermediate Capital Group Acquire Visma

On July 12, 2006, private equity firm HgCapital and mezzanine finance firm Intermediate Capital Group acquired software company Visma for 382M GBP

Acquisition Highlights
  • This is HgCapital’s 5th and Intermediate Capital Group’s 3rd transaction in the Software sector.
  • This is HgCapital’s 8th and Intermediate Capital Group’s 34th largest (disclosed) transaction.
  • This is HgCapital’s 1st and Intermediate Capital Group’s 3rd transaction in Norway.
Investment Fate
  • Visma was sold to a consortium of financial buyers in 2010 for 11.0B NOK.
  • Visma was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2006-07-12
Target Visma
Sector Software
Buyer(s) HgCapital
Intermediate Capital Group
Deal Type Going Private
Deal Value 382M GBP

Target

Visma

Oslo, Norway
Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.

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Buyer(S) 2

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 30 of 153
Sector: Software M&A 5 of 48
Type: Going Private M&A Deals 3 of 8
Country: Norway M&A 1 of 3
Year: 2006 M&A 3 of 4
Size (of disclosed) 8 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-06 Castlebeck

County Durham, United Kingdom

Castlebeck is a provider of specialist healthcare and rehabilitation services for adults and adolescents with learning disabilities and severely challenging behaviours. It operates specialist hospitals and care homes across the Midlands, North East of England and Scotland.

Sell £255M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Schleich

Schwabisch Gmund, Germany

Schleich is a producer of plastic toy figurines, such as farm and wildlife animals, historical characters and the Smurfs. Schleich products, trading under the highly recognized name Schleich-S, are sold in over thirty countries, including Germany, the US, the UK, and France. Schleich was founded in 1935 and is based in Schwabisch Gmund, Germany.

Buy -
Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 165 of 294
Sector: Software M&A 3 of 8
Type: Going Private M&A Deals 7 of 9
Country: Norway M&A 3 of 5
Year: 2006 M&A 16 of 23
Size (of disclosed) 34 of 82
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Cerba

Frepillon, France

Cerba is a laboratory in specialized biology, offers a comprehensive range of tests with high medical value, covering a wide range of specialties. It is active in all three segments of the clinical pathology business, namely esoteric, routine and central lab. Cerba was founded in 1967 and is based in Frepillon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-21 Sebia

Lisses, France

Sebia is a provider of clinical protein electrophoresis equipment and reagents, a technology used for in-vitro diagnostic testing. Its systems analyse proteins in order to screen and monitor various diseases and conditions; primarily oncology (Multiple Myeloma), metabolic disorders such as Diabetes and also Hemoglobinopathy and rare pathologies. Sebia was founded in 1967 and is headquartered in Lisses, France.

Buy -