CLP has acted as legal advisor for Standout Capital in their investment in Visbook AS, a Norwegian provider of cloud-based Property Management Systems for hotels and other operators in the travel industry. Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies with a fund size of SEK 1 billion.
With the transaction, Standout Capital joins forces with the founders of Visbook – aiming to accelerate long term growth. Pursuant to the transaction, Standout Capital hold the majority of the shares in a newly incorporated holdco whereas the founders and CEO of Visbook will stay on as minority shareholders.
CLP has recently also assisted Standout Capital in a MEUR 7.5 investment in Neptune Software AS, a leading low-code development platform to rapidly create and manage enterprise applications in the SAP market.
Further information is available here.