Visma Eyes London IPO

IPO Plans

As the UK market grapples with firms preferring to list on Nasdaq, or being taken private, Norwegian firm Visma, which provides accounting and payroll software to SMEs is looking to go public on the London market.  

Ownership

Visma is 70% owned by Hg and co-investors, which include GIC and TPG.

A Multi Billion EUR Company with M&A as a Core Growth Driver

Visma has grown with 350 bolt-on acquisitions with 2.8 billion EUR revenues last year. 

Example acquisition and its Merits (New regions and jurisdictions)

One of their more recent acquisitions was Evoliz in February 2025, which provides cloud based financial management for SMEs in France (alternativement PMEs - or petite et moyenne entreprises) and whose CEO is François Aupetit.  At time of acquisition, Evoliz had almost 13,000 customers. It's functionality includes invoicing, quote management and VAT, basically all the workflow that will ultimately flow into your financial accounts.  It is also NF203 certified (French standard for management software) anticipating new regulations on electronic invoicing from 2026.

Ten Years Later - Troll added to Dated Brent

Platt's Brent assessment (already diluted by Forties, Oseberg and Ekofisk crudes) will have a new crude added to its Dated Brent assessment - Norway's Troll crude - which will start deliveries in 2018. This is due to the expected fall in supply in the North Sea - resulting in thin volumes and potential market manipulation. The last modification to the benchmark came in 2007 when Ekofisk was added. Statoil operates the Troll A, B and C platforms.