Cobalt, working with Wiersholm, has advised Visma on the sale of its Custom Solutions business to CVC Capital Partners. Ellex, working with Schjodt and Freshfields, advised the buyer.
According to Ellex, the transaction will help grow Visma Custom Solutions' IT services business in the Nordic countries.
Visma Custom Solutions is a consulting business operating in the Nordic region, consisting of 25 companies in Norway, Sweden, Denmark, Finland, and Lithuania. Visma provides business software.
CVC Capital Partners is a Luxembourg-based private equity and investment advisory company.
The Cobalt team included Partner Eva Suduiko, Managing Associates Ausrys Sliavas and Jovita Valatkaite, Senior Associate Zygintas Voronavicius, and Associate Egle Gliaudelyte.
The Ellex team included Partner Ruta Armone, Senior Associates Aleksandr Asovskij, Inga Macijauskaite, Nerijus Patlabys, and Marijus Dingilevkis, and Junior Associates Akvile Avulyte and Skaiste Katinaite.
