Carey Olsen’s investment funds team in Jersey has advised leading European private equity investor Nordic Capital on its successful exit of Vizrt Group, a global leader in video production software, to a new Nordic Capital-led consortium, comprising secondary acquisition vehicles and other Nordic Capital investment vehicles.
The secondary acquisition vehicles, which form part of the new Nordic Capital-led acquiring consortium, established with investment vehicles managed or advised by Goldman Sachs Asset Management’s Vintage funds, Pantheon and Coller Capital as co-leads.
Since Nordic Capital’s initial investment in 2015, Vizrt continued its innovation leadership in graphics and live production software, expanded into new markets and regions, and established itself as global leader for software defined visual storytelling solutions. These expansion initiatives and product investments has doubled Vizrt’s revenues and accelerated organic growth leading to tripled profits.
The strategic transaction, which was completed in March 2022, enables Nordic Capital, alongside the Vizrt management team, to further invest in the ongoing development of the business over its next ownership cycle. The aim is to support Vizrt’s continued transition to a software-as-a-service (SaaS) business model, accelerate new offerings, expand its operational capabilities, pursue add-on investments to complement the offering and further accelerate the group’s growth.
Working alongside lead legal counsel Kirkland & Ellis, the Carey Olsen team advising on all Jersey-related legal and regulatory aspects of the transaction, including the establishment and regulatory applications relating to the relevant Jersey vehicles. The team comprised partner Daniel O’Connor, counsel Andrea Steel and senior associates Arindam Madhuryya and Mark Slater.