HgCapital has acquired Visma BPO, a leading Norwegian outsourced accounting services provider, to enhance its investment in the regulatory-driven sector.

Target Company Overview

HgCapital has officially announced its acquisition of Visma BPO, a leading Norwegian provider of outsourced accounting services. Headquartered in Oslo, Norway, Visma BPO will now operate under HgCapital's Services sector. The financial terms of this transaction have not been disclosed.

Previously owned by Visma, a Nordic accounting software company co-owned by HgCapital, KKR, Cinven, and the management team, Visma BPO's acquisition follows Visma's strategic shift towards a stronger focus on Software as a Service (SaaS) offerings. The business process outsourcing segment was sold as part of a structured and competitive sales process aimed at refining Visma's core services.

Industry Overview in Norway

The accounting and tax compliance industry in Norway has been witnessing substantial growth, driven by a rising demand for efficiency and automation in business processes