SINGAPORE, 30 JUNE 2017 – GIC, Singapore’s sovereign wealth fund, acquired a minority position in Visma, a leading provider of accounting, payroll and Human Resources software to small and medium-sized enterprises in the Nordic region. GIC invested alongside three private equity funds: HgCapital, Montagu and ICG as part of a purchase of equity from KKR and Cinven.

GIC invested in Visma in view of its attractive growth profile, resilient business model and strong management team.