Owners

Kohlberg Kravis & Roberts ("KKR") has entered into an agreement to acquire a 76.9% ownership in Visma Holding ("Visma"), the leading software and BPO services business in the Nordic region. The transaction values Visma at an enterprise value of NOK 11 billion.

KKR is the world’s leading private equity investment fund with over 900.000 employees in their portfolio companies. Visma is KKR’s first investment in Norway. KKR is already the leading investor in other well-known companies as Tele Denmark, Boots Alliance and Toys’R’Us.

HgCapital, the previous majority owner of Visma, will retain a significant minority ownership of 17.7% in the business and partner with KKR and management to develop Visma going forward.

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 HgCapital.

Management of Visma will increase its ownership in the business to 5.3%.

See www.kkr.com and www.hgcapital.com fur further information.