KKR Agrees to Pay $935 Million for Stake in Software Maker

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Kohlberg Kravis Roberts & Co. agreed to pay about 5.5 billion kroner ($935 million) in cash for a 77 percent stake in Norwegian business software maker Visma A/S.

The U.S. private equity firm is acquiring the stake from a group led by HgCapital, said Nic Humphries, chief executive officer of HGCapital, by phone. Intermediate Capital Group and Citi Private Equity are part of the group.