Private equity firms Hg and CPPIB agreed to increase their stakes in Visma at a $12.2bn valuation. Furthermore, investment firms TPG, GIC and Warburg Pincus are set to invest in Visma. Montagu Private Equity, a European private equity firm, agreed to a full exit of its stake in Visma. After the conclusion of the transaction, HgCapital will own a 54% stake in Visma. GIC, Intermediate Capital Group PLC, Canada Pension Plan Investment Board and General Atlantic will own 17%, 7%, 6% and 2% stakes, respectively. Warburg Pincus will own 5% of the company, TPG 3% and Visma's management 7%. "For almost 15 years now, Visma has benefited from a supportive and highly knowledgeable private equity investor base. As we continue to invest in world-class technology, including new areas of innovation such as AI and machine learning, we warmly welcome this new investment. We also highly value the support we continually receive from our existing investors. We look forward to continuing Visma’s strategy to create a fully online ecosystem for businesses across Europe,” Merete Hverven, Visma CEO.