CPP Investments Executes Partial Sale of Visma Shares

In a strategic move, Canada Pension Plan Investment Board (CPP Investments), through its wholly-owned subsidiary CPP Investment Board Europe Sarl., has entered into an agreement to divest a portion of its equity interest in Visma. Visma stands as a premier vendor providing essential cloud-based software solutions across Europe. This divestiture represents a step towards the realization of CPP Investments' stake in the software giant, aligning with its broader investment strategy.

Investment Background

Since initially investing in Visma, CPP Investments has seen the company grow substantially. Visma has strengthened its market position, becoming an integral player in the European cloud software landscape—primarily due to its wide array of mission-critical software offerings. The partial sale of its stake in Visma reflects CPP Investments' confidence in Visma's continued growth trajectory as well as its commitment to actively managing its investment portfolio to generate sustainable, long-term returns for the Canada Pension Plan's contributors and beneficiaries.

Details of the Transaction

The specifics of the transaction have not been made public; however, CPP Investments has confirmed that the agreement is in place. The divestment is yet another example of CPP Investments' dynamic investment approach, capitalizing on the right opportunities to optimize its holdings. While stepping back its ownership in Visma, CPP Investments remains a significant investor and continues to stand behind the company's strategic direction and management team.

investment, divestiture, cloud