e-conomic begins its European crusade under HgCapital
http://megabuyte.com/news/analysis/18768/e-conomic-begins-its-european-crusade-under-hgcapital News & Analysis Lee Prout, 17 December 2014 Copenhagen-headquartered SaaS accounting vendor e-conomic generates around 60-70% of sales directly through the company’s website, but also considers accountancy referrals as a significant sales channel, with firms such as BDO, Ernst & Young and KPMG endorsing its product. Interestingly, whilst the business expects to continue to […]
17 December 2014Equistone sells A-Plan Insurance to HgCapital
Equistone Partners Europe Limited (“Equistone”), one of Europe’s leading mid-market private equity investors, today announces it has entered into an agreement to sell its majority holding in A-Plan Insurance, a UK based, independent insurance broker to HgCapital. Founded in 1963, Oxfordshire based A-Plan provides products from a wide range of insurers, including SME commercial, motor […]
15 December 2014e-conomic joins forces with Sweden’s SpeedLedger
e-conomic International A/S (‘e-conomic’), one of Europe’s leading Software as a Service (‘SaaS’) accounting and SME solution providers, backed by private equity investor HgCapital, announces that its holding company agreed to acquire a majority stake in Gothenburg-based SaaS accounting firm, SpeedLedger. With 55 employees and a customer base of more than 25,000 companies, SpeedLedger is […]
6 October 2014HgCapital works with Danish IT expert on Nordic acquisitions
Front page article in Denmark’s BORSEN WEEKEND, 12 September 2014. Translated from Danish. The U.K.-based private equity investor HgCapital has hired a successful Danish businessman, the IT expert Torben Frigaard Rasmussen, to provide advice in regards to a potential investment of €1 billion in Nordic opportunities. HgCapital, a private equity firm with funds of more […]
12 September 2014e-conomic and CE Consulting create a new force in Spanish accounting software
e-conomic, one of Europe’s leading SaaS (Software as a Service) accounting solutions providers backed by private equity investor HgCapital, and CE Consulting Empresarial (‘CE’), a leading Spanish provider of business advisory services with a nationwide network of accountancy offices, have established a new Spanish joint venture. HgCapital acquired e-conomic in mid-2013 in an off-market transaction. […]
8 September 2014Parts Alliance acquires Unipart Automotive branches and jobs
HgCapital’s Parts Alliance has partnered with fast growing automotive parts business Andrew Page Ltd (AP) to acquire the business’s assets of Unipart Automotive, one of the UK’s largest suppliers of car parts and workshop consumables, following the announcement it had entered administration. The deal, which is for an undisclosed sum, means that HgCapital’s Parts […]
24 July 2014HgCapital announces investment in Sequel Business Solutions
HgCapital has today announced the acquisition of Sequel Business Solutions (“Sequel”), a leading software and services provider to the Lloyd’s of London and broader London insurance market, in partnership with the Sequel management team led by Managing Director, Mario Garcia. Sequel’s management team will retain a significant interest in the business. The investment was made […]
11 July 2014HgCapital announces fifteen internal promotions
Since closing its seventh buyout fund in April 2013, HgCapital, the leading European sector-focused private equity investor, has invested over £800 million of its clients’ fund capital and an additional £250 million in client co-investment into growth buyout opportunities across Europe. New deals in the last twelve months have included P&I, Zenith Leasedrive, Ullink and […]
1 July 2014Visma, valued at NOK 21 billion, widens shareholder base
Visma Group Holdings (“Visma”), the Nordic region’s leading provider of business management software and services announced today that its shareholder structure, valuing the enterprise at NOK 21 billion, is now comprised of the private equity investors Kohlberg Kravis Roberts (“KKR”), HgCapital and Cinven as co-lead shareholders, each with an equal stake in the business; Nordic […]
28 April 2014Nair & Co. and High Street Partners merge to create Radius
Nair & Co, a leading provider of international expansion services, has merged with competitor High Street Partners (HSP), to create a global accounting and administration powerhouse that enables clients to manage their global operations at the touch of a button. With combined revenues in excess of $90 million, the new company – named Radius – […]
HgCapital announces acquisition of Ullink
HgCapital, the European sector-focused private equity investor, has made a majority investment in Ullink, a leading global provider of electronic trading applications and connectivity to the financial community. The total consideration is not disclosed. Founded in 2001 by the current CEO, Laurent Useldinger, Ullink has grown quickly to become a global provider of multi-asset trading […]
4 March 2014HgCapital announces investment in Relay Software
HgCapital has announced that it has partnered with the founder management of Relay Software Ltd. (“Relay”). Relay is a leading provider of software to insurance brokers, underwriters and insurers in the Republic of Ireland. This transaction represents the third investment from HgCapital’s Mercury fund which specialises in investments in software and other technology companies across […]
10 February 2014Successful pricing of Manx Telecom plc IPO
HgCapital today announces the successful pricing of the initial public offering (IPO) of Manx Telecom plc, a leading UK telecommunications operator based on the Isle of Man. The Admission Document in respect of Manx Telecom’s listing on London’s Alternative Investment Market (AIM) will be published later today and completion of the listing is expected to […]
5 February 2014HgCapital agrees investment in Zenith
HgCapital and Zenith announced today that funds managed by HgCapital have signed definitive agreements to acquire a majority stake holding in the parent company of Zenith Vehicle Contracts Group Limited from Morgan Stanley Global Private Equity (MSPE), subject to regulatory approvals. The highly regarded contract hire and leasing company was recently ranked 12th in the […]
23 January 2014