M&A Deal Summary

Visma Acquires Bluegarden Holding A/S

On September 12, 2017, Visma acquired software company Bluegarden Holding A/S from Marlin Equity Partners

Acquisition Highlights
  • This is Visma’s 27th transaction in the Software sector.
  • This is Visma’s 6th transaction in Denmark.

M&A Deal Summary

Date 2017-09-12
Target Bluegarden Holding A/S
Sector Software
Buyer(s) Visma
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition

Target

Bluegarden Holding A/S

Ballerup, Denmark
Bluegarden develops and offers payroll and HR administration and selected services within strategic HRM to the Scandinavian market. Bluegarden has established a leading position in the market and is today serving 65.000 customers in Denmark, Norway, and Sweden. The group has 550 employees and its net revenue amounted to 793 MDKK in 2016.The company’s headquarter is located in Ballerup, Denmark.

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Buyer(S) 1

Buyer

Visma

Oslo, Norway

Category Company
Founded 1985
Sector Software
Revenue 5.1B NOK (2013)
DESCRIPTION

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.


DEAL STATS #
Overall 44 of 89
Sector: Software M&A 27 of 45
Type: Add-on Acquisition M&A Deals 40 of 82
Country: Denmark M&A 6 of 14
Year: 2017 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 Megaflex Oy

Helsinki, Finland

Megaflex Oy is a provider of IoT cloud solutions for access and work time management, and is an innovator in the Finnish security industry. Megaflex’s modern software and IoT solution makes managing properties easier. We develop our software all the time in order to match our customer’s needs in the best possible way. We are an organisation of professionals that provides our customers with an extensive network of expert companies, including administration and maintenance, software expertise and communication security. Our headquarter is in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Admincontrol

Oslo, Norway

Admincontrol is a provider of cloud-based board portals and virtual data room solutions. Admincontrol offers web-based solutions as well as a separate iPad and iPhone app for secure interactions and easy sharing of documents in business processes such as board and management work, due diligence, capital injections, and stock exchange listings. Admincontrol was founded in 2005 and is based in Oslo, Norway.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 25 of 65
Sector: Software M&A 12 of 25
Type: Add-on Acquisition M&A Deals 19 of 43
Country: Denmark M&A 1 of 1
Year: 2017 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Medius

Linkoping, Sweden

Medius is a provider of cloud-based accounts payable automation software that allows organizations to automate their invoice management process and gain greater financial control and visibility into their spending. Medius was founded in 2001 and is based in Linkoping, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 OnX Enterprise Solutions

Thornhill, Ontario, Canada

OnX Enterprise Solutions Ltd. is a global enterprise data center solutions provider with a suite of end-to-end solutions including the industry’s leading enterprise cloud offerings. OnX Enterprise Solutions was founded in 2006 and is based in Thornhill, Ontario.

Sell $201M