Private equity firm Hg has transferred around €500m of assets from its €19bn software platform Visma into a newly created Luxembourg-based vehicle, as longer-term listing plans for the business remain on hold, according to a report by Bloomberg.
The report cites company filings and unnamed people familiar with the matter as revealing that the carve-out involves roughly 30 Visma subsidiaries being moved into a new entity called Norvato. The transaction is understood to include participation from...
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