HgCapital has acquired Visma BPO (Business Process Outsourcing), a leading provider of outsourced accounting services.
Based in Oslo, the newly acquired company will sit within HgCapital's Services sector. The terms of the transaction were not disclosed.
Visma BPO is currently owned by Visma, a Nordic accountancy software company which HgCapital owns alongside KKR, Cinven and the management team. The BPO business is being carved out and has been sold as part of an organised competitive sales process, following Visma's strategic decision to focus increasingly on its software as a service offerings.