HG SPINS OUT €500M FROM VISMA AHEAD OF DELAYED IPO

AI DESK■ 1 MIN READ

WED, MAY 20, 2026

■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE

Private equity firm Hg has divested €500 million in assets from its €19 billion software portfolio company Visma. The spinout comes as the long-planned London IPO remains shelved amid broader SaaS market headwinds.

Hg's asset separation signals a strategic shift for Visma, the Nordic software conglomerate that has become one of Europe's largest private software groups. The divestment reduces the company's scale ahead of its stalled public market debut. The move reflects ongoing volatility in software valuations, with the sector facing what industry observers have termed the "SaaSpocalypse"—a correction following years of inflated growth expectations and unprofitable scaling. Visma has faced mounting pressure to reach profitability as public markets tighten valuations for software-as-a-service companies. The company previously targeted a London listing that would have been among Europe's largest tech IPOs, but market conditions forced a postponement. Hg acquired its stake in Visma through multiple deals and has since consolidated numerous software businesses into the group. The latest spinout suggests the PE firm is adjusting its exit strategy amid uncertain market conditions for large software IPOs.

■ SOURCES

► Techmeme ► Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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HG SPINS OUT €500M FROM VISMA AHEAD OF DELAYED IPO

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