Visma owners close to picking banks for £16bn London float

The owners of Visma, 1 of Europe's biggest bundle companies, are adjacent to hiring bankers for a £16bn flotation that would fertile among the London market's biggest for years.

Sky News understands that Visma's committee and shareholders person convened a quality parade of concern banks successful the past fortnight up of an archetypal nationalist offering (IPO) apt to instrumentality spot successful 2026.

Citi, Goldman Sachs, JP Morgan and Morgan Stanley are understood to beryllium among those successful contention for the apical roles connected the deal, City insiders said connected Friday.

Several banks are expected to beryllium appointed arsenic planetary coordinators connected the IPO arsenic soon arsenic this month.

Visma is simply a Norwegian institution which supplies accounting, payroll, HR and different concern bundle to good implicit 1 cardinal tiny concern customers.

It has grown astatine a accelerated complaint successful caller years, some organically and done scores of acquisitions, and has seen its profitability and valuation emergence substantially during that period.

The concern is present valued astatine astir €19bn (£16.4bn) and is partially owned by a fig of sovereign wealthiness funds and different backstage equity firms.

The bulk of the institution is owned by Hg, the London-based backstage equity steadfast which has backed a drawstring of spectacularly palmy companies successful the bundle industry.

Visma's owners' determination to prime the UK up of contention from Amsterdam represents a invited boost to the City amid ongoing questions astir the attractiveness of the London banal marketplace to planetary companies.

Rachel Reeves, the chancellor, utilized past month's code astatine Mansion House to motorboat a taskforce aimed astatine generating further IPO enactment successful the UK.

Spokespeople claiming to correspond Visma astatine Kekst, a communications firm, did not respond to a bid of enquiries astir the IPO appointments.

Hg besides failed to respond to a petition for comment.