The chairman of Ocado Group has been recruited to the board of Visma, the European software program firm which is getting ready one of many London inventory market’s largest debuts for years.
Mr Warby will be a part of the corporate alongside Sir Ron Kalifa, the Metropolis grandee who has been lined up as its chairman to steer it by means of a flotation subsequent yr, the sources added.
The board appointments kind a part of preparations for an inventory that will, if efficiently accomplished, ship a serious increase to London’s embattled inventory alternate.
Though no timing has been set for Visma’s preliminary public providing, it might come as quickly as the top of the primary quarter of 2026, insiders stated.
It’s more likely to worth the corporate at nicely over €20bn, though the valuation will in the end rely on market situations and the quantity of latest cash raised within the transaction.
Primarily based in Norway, Visma provides accounting, payroll, HR and different enterprise software program to nicely over 1 million small enterprise prospects.
It has grown at a speedy fee lately, each organically and thru scores of acquisitions, and has seen its profitability and valuation rise considerably throughout that interval.
The enterprise is part-owned by a syndicate of sovereign wealth funds and personal fairness companies, together with Hg, the architect of its speedy development.
Visma’s homeowners’ resolution to choose the UK forward of competitors from the Euronext alternate in Amsterdam represents a welcome distinction to the selections of different issuers lately, together with the personal fairness large CVC Capital Companions.
Visma couldn’t be reached for touch upon Thursday.
