Harris Williams & Co. Ltd Advises Visma Sverige Holding AB on the Divestment of its Hosting Division to Axcel Management A/S

June 18, 2018

Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it acted as exclusive advisor to Visma Sverige Holding AB (Visma) on its divestment of market-leading mass hosting providers Loopia and Active 24 to Axcel Management A/S (Axcel). The transaction was led by Thierry Monjauze and Sylvain Noblet of Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group and Krishna Patel of the firm’s London office. This transaction further demonstrates Harris Williams & Co.’s deep expertise in hosting, having also advised Zitcom on its sale to Intelligent.

Loopia and Active 24 offer web domains, shared web hosting and value-added services such as security, e-commerce and Microsoft Office 365. The products are sold online on a prepaid subscription basis to around 350,000 SME and prosumer customers across primarily Sweden and the Czech Republic, with a further presence in Norway, Serbia, Slovakia, Spain, Netherlands, Germany and UK. The business has been owned by Visma and is headed by John Hugosson as CEO.

“It was a privilege advising Visma, one of the largest software companies in Europe,” said Thierry Monjauze, a managing director at Harris Williams & Co. “The management team has created a differentiated platform and we look forward to seeing its continued growth in the years ahead.”

“Visma’s hosting division has become a leading provider of mass hosting services in Sweden and the Czech Republic by combining unmatched customer service and high levels of automation,” added Sylvain Noblet, a vice president at Harris Williams & Co.

Visma makes businesses more efficient, through offerings of software, commerce solutions, retail IT-solutions, and IT-related projects and consulting. Visma simplifies and digitalises core business processes within the private and public sector. In Northern Europe, 760,000 customers utilise Visma's products and services, and an additional 350,000 use Visma as a hosting partner. The group has 6,700 employees and its net revenue amounted to €985 million in 2017.

Founded in 1994, Axcel is a Nordic private equity firm focusing on mid-market companies and has a broad base of both Nordic and international investors. Axcel has raised five funds with total committed capital of just over €2.0 billion. These funds have made 52 platform investments, with almost 100 major add-on investments and 39 exits. Axcel currently owns 13 companies with combined annual revenue of around €1.4 billion and some 6,300 employees.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS, Internet & Digital Media and IT Services’ segments, with particular emphasis on specific verticals including education, energy technology, fintech, membership management, public sector and supply chain/logistics and has a dedicated healthcare technology (HCIT) practice. Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.