Merete Hverven
Chief Executive Officer
As CEO, Merete Hverven dedicates her time to ensuring the continued growth and success of Visma.
For investors
Governance and group management
Group governance policies
The aim of our governance policies is to build trust and create value for our investors, customers, and employees.
Group management
A company’s most valuable assets are its employees. With the guidance and leadership of our experienced management team, our employees are able to grow and perform their best every day.
Our management team has both varied and extensive experience across companies and industries – making it well equipped to lead Visma into the future as an international leader in cloud software.
Board and owners
Our Board of Directors supports our Management team and oversees the organisation’s operations and strategy.
Ten international investors own Visma
These shareholders have co-investors comprising large Nordic and international pension funds. The Management team and a group of employees also own a total of 6.6%.
Hg
54.8
%
GIC
18.1
%
CPP Investments
6.1
%
Warburg Pincus
4.7
%
ICG
3.3
%
TPG
3.1
%
General Atlantic
1.7
%
Folketrygdfondet
0.6
%
Aeternum
0.6
%
Vind
0.4
%
Board of Directors
Øystein Moan
Executive Chairman
As CEO from 1997-2020, Moan led Visma to become one of the most innovative companies in the Nordic region. He took the company from 300 to more than 11,000 employees and increased revenue from EUR 30 million to over EUR 1.5 billion.
Nic Humphries
Director
Nic is the Senior Partner and Executive Chairman of Hg and Head of the Saturn fund. He has ultimate responsibility for Hg’s strategy, management and governance. He focuses on larger software investments that provide daily-use mission-critical applications for accountants, lawyers, tax/compliance professionals and designers/engineers/scientists.
Jean-Baptiste Brian
Director
Jean-Baptiste is a partner, focusing on investments in software businesses, with a particular interest in SME and enterprise software.
Hafiz Lalani
Director
Hafiz Lalani is Managing Director of CPP Investments. He joined the company at its Toronto office in February 2006, subsequently moving to the company’s London office in 2013. He has worked on multiple direct private equity investments including AgCoA, Asurion, AWAS, Dorna, and ista. He currently serves on the board of GlobalLogic, Hotelbeds, Sportradar, and Visma.
Henry Ormond
Director
Henry Ormond is Head of the European Direct Investments Group for GIC, focused on direct investments in Europe across a range of industries.
Zoe Zhao
Director
Zoe is a member of the Saturn team at Hg, focusing on large-cap investments in B2B software. She joined Hg in 2018 after six years at Bain & Co in Hong Kong & London, where she worked in private equity and TMT practices. Zoe holds an MBA from Stanford Graduate School of Business. She studied Computer Science and Electrical Engineering at Tsinghua University and Stanford University.
David Toms
Director
David is Head of Research at Hg, leveraging over two decades of technology sector experience to provide broad market context to Hg’s deep cluster knowledge, researching how market trends and data impact new investment opportunities, existing portfolio companies, and potential exits. David holds an MA in Natural Sciences from the University of Cambridge.
Merete Hverven
Director and CEO
Hverven is the CEO of Visma as of March 31st, 2020. Since joining Visma in 2011, she has been driving strategy, acquisitions and change management leading up to her appointment as Deputy CEO in 2018.
Owners
Hg
Owns 54.8% of Visma.
Established in 2000, HgCapital is a leading investor in the European private equity market. It is the successor to Mercury Private Equity (founded in 1985), which was acquired by Merrill Lynch in 1997. In December 2000, Mercury Private Equity staff acquired the business from Merrill Lynch and renamed it Hg.
GIC
GIC owns 18.1% of Visma.
GIC is a leading global investment firm established in 1981 to manage Singapore's foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure.
CPP Investments
CPP Investments owns 6.1% of Visma.
As a professional investment management organisation, it invests funds not needed by the Canada Pension Plan (CPP) to pay current benefits in the best interests of 20 million contributors and beneficiaries. In order to build a diversified portfolio, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments.
Warburg Pincus
Warburg Pincus owns 4.7% of Visma.
Established over 50 years ago, the firm specialises exclusively in private equity, with a globally integrated partnership that ensures resources are committed to the success of each portfolio company. Regardless of an investment’s stage of development, industry focus or geography — the right people, with the right experience, are available to every entrepreneur and management team.
ICG
ICG owns 3.3% of Visma.
As markets have evolved and developed, ICG's core investment approach has always been based on being local, expert and entrepreneurial. Since 1989, they have been committed to supporting business owners, developing new investment strategies for fund investors and delivering shareholder value.
TPG
TPG owns 3.1% of Visma.
The private equity firm focuses on growth and venture capital, public equity, and debt investments. Since 1992, TPG has managed investments in a range of industries including consumer and retail, media and telecommunications, industrials, technology, travel, leisure, and health care.
General Atlantic
General Atlantic owns 1.7% of Visma.
As a global growth equity investor, General Atlantic partners with leading entrepreneurs and innovative growth companies to deliver value for institutional capital partners. Since 1980, we have identified disruptive businesses with transformative potential and helped them scale globally by leveraging our patient capital, operational expertise and global platform.
Folketrygdfondet
Folketrygdfondet owns 0.6% of Visma.
The fund is a professional investment manager whose main task is to manage the Government Pension Fund Norway on behalf of the Ministry of Finance. Folketrygdfondet is a responsible, active investor with a long investment horizon with the aim to achieve high financial returns over time. Its investment mandate has a benchmark allocation of 60% in equities and 40% in fixed income, with 85% in Norway and 15% in the other Nordic countries. Folketrygdfondet is the largest institutional investor on the Oslo Stock Exchange, owning around 5% of the market capitalization corresponding to approximately 10% of the free float.
Aeternum
Aeternum owns 0.6% of Visma.
The firm is an alternative investment manager with a strategy to invest in public and private companies across the Nordic region. The main focus of the investment strategy is to apply an active ownership model to drive sustainable value creation in quality companies in the Nordics.
Vind
Vind owns 0.4% of Visma.
The firm is a private owner company specialising in software for professionals, laboratory science and niche technology. Investments are made in private and listed companies across Europe. At present, Vind is the majority owner in seven companies and has a concentrated portfolio of minority positions in listed and large private companies. Vind has an eternal perspective and seeks to partner with exceptional businesses with the potential for creating value in the longest term.
Visma Management
Visma management and a group of employees have 6.6% ownership in the business.
