Waselius advised Visma, a leading provider of mission-critical cloud software in Europe and Latin-America, in the Finnish law aspects of its secondary sale to leading international shareholders. The transaction, which values Visma at EUR 19 billion, welcomes around 20 new investors to the shareholder register, worth over EUR 1 billion of equity investment, with new investors including Altaroc, Jane Street, NPS and NYC Retirement System.
The transaction will also result in around EUR 3 billion new investment from existing shareholders.
The transaction, subject to regulatory approval, is expected to be completed during the first half of 2024.