M&A Deal Summary

Visma Acquires e-conomic UK Online Solutions

On May 11, 2015, Visma acquired software company e-conomic UK Online Solutions from HgCapital

Acquisition Highlights
  • This is Visma’s 17th transaction in the Software sector.
  • This is Visma’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2015-05-11
Target e-conomic UK Online Solutions
Sector Software
Buyer(s) Visma
Sellers(s) HgCapital
Deal Type Add-on Acquisition

Target

e-conomic UK Online Solutions

Berkshire, United Kingdom
e-conomic UK Online Solutions Ltd. is one of Europe’s major SaaS accounting solution provider for small and medium-sized businesses with >100,000 customers for its core product e-conomic, and >320,000 sign-ups for its invoicing, expense and accounting light product Debitoor (www.debitoor.com). e-conomic offers an easy to use, time saving and collaboration enabling accounting solution to a fragmented and low penetrated base of SMEs and accountants (>3,500 accounting partners) via a SaaS subscription model. The company operates in its core home market of Denmark and serves customers across numerous other European countries, including Norway, Sweden, Spain, Germany and UK.

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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 25 of 87
Sector (Software) 17 of 44
Type (Add-on Acquisition) 23 of 80
Country (United Kingdom) 1 of 2
Year (2015) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 SpeedLedger AB

Gothenburg, Sweden

SpeedLedger AB is a European software as a service (SaaS) accounting solutions providers to SMBs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Viklo Oy

Jyväskylä, Finland

Viklo Oy is an ERP and software solutions consulting company.

Buy -

Seller(S) 1

SELLER

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 44 of 93
Sector (Software) 7 of 21
Type (Add-on Acquisition) 20 of 45
Country (United Kingdom) 27 of 47
Year (2015) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-24 Eucon

Münster, Germany

Eucon GmbH is a provider of auto-parts pricing data and insurance claims management services. Eucon has comprehensive market data and in-depth expert knowledge and combines this expertise with cutting-edge technologies such as Artificial Intelligence and Robotic Process Automation to create intelligent automation solutions. Eucon was founded in 1997 and is based in Münster, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-21 The Foundry Visionmongers

London, United Kingdom

The Foundry Visionmongers Ltd. is a provider of software technologies used to deliver visual effects and 3D content for the digital design, visualization, and entertainment industries. Foundry’s software is deeply embedded across the creative pipeline and is supported by a large ecosystem of users, trainers, and evangelists across the globe. The Foundry Visionmongers Ltd. was founded in 1996 and is based in London, United Kingdom.

Buy £200M
Mergr

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