Hg spins out €500m of assets from software group Visma

In short: Private equity firm Hg is separating about €500 million of assets from Visma, after pausing plans to list Visma on the London stock market.

What happened

Hg, a private equity firm, owns the majority of Visma, a European software company valued at about €19 billion. Software is the business programs companies use for things like accounting, payroll, and invoicing.

According to the Financial Times, Hg is spinning out around €500 million of assets from Visma. A “spin out” means taking part of a business and moving it into a separate company, a bit like moving some rooms out of a large house and turning them into a new, smaller house next door.

The move comes as Visma’s long-awaited London IPO has been shelved. An IPO is when a private company starts selling shares to the public on a stock exchange, so anyone can buy a small ownership stake.

Why it matters

This is another sign that some big investors are being cautious about stock market listings right now. When a major owner pauses an IPO and restructures the business instead, it can affect employees, customers, and smaller investors who were expecting a public listing. It can also shape where future large tech listings happen, and whether companies choose London or another market.

Source: Financial Times