Standout Capital invests in VisBook
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.
The CLP core team includes Andreas Kildal, Jakob Villum, Lars S. Killengreen, Oddbjørn A. Aasness and Kelly L. Amory.
Further information is available here.