Private equity firms HG Capital and CPPIB increased their stake in Visma, a leading provider of business-critical software to private and public enterprises in the Nordic, Benelux and Baltic regions, valuing the company at €6.5bn. Cinven, the global private equity firm, will sell its entire shareholding in Visma as part of this transaction. "Working closely with Øystein Moan and his team over the last 13 years has been a pleasure. Quite simply they are a world-class team, and great fun to work with. They have built Europe's leading SMB SaaS business. This is a testament to their technical competence and willingness to invest early and consistently for the long-term in new technologies that, in turn, bring great benefits to their nearly 1m customers. Hg were able to recognise the potential of SaaS well ahead of most investors because of our longevity and focus on the sector. We are proud to have been by Øystein and Visma's side every step of the way on this exciting journey for the last 13 years and many more in the future," Nic Humphries, Hg Saturn Fund Senior Partner and Head.