BRIEF-HgCapital says to invest 405 mln stg for 31 pct stake in Visma

April 28 Mon Apr 28, 2014 3:12am EDT

April 28 (Reuters) - HgCapital:

* Re-invests in Visma in NOK 21 billion (£2.1 billion) deal with KKR and Cinven

* HgCapital will invest £405 mln for a 31 pct stake in Visma, valuing business at a total enterprise value of NOK 21 billion (£2.1 billion)

* Completion of this transaction is subject to regulatory approval

* HgCapital will be a co-lead investor in new transaction structure, as manager of its HgCapital 7 fund and trust, alongside KKR and Cinven, who will each hold 31%

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