Hg receives definitive binding offer from Itiviti to acquire Ullink
Hg has announced today that it has received a definitive binding offer from Itiviti, a company backed by Nordic Capital, to acquire Ullink. This proposed sale is subject to French workers’ council consultations, and customary approvals, such as regulatory clearances. The terms of the transaction were not disclosed. Ullink provides mission critical electronic trading and […]
28 November 2017Megabuyte50 Awards honour Foundry, IRIS and Esendex
The 2017 Megabuyte50 awards, held in London on Wednesday night, honoured three of our UK software company partners. The awards highlight the 50 best financially-performing, UK-based privately-owned technology companies and are compiled using Megabuyte’s independent and highly-regarded Megabuyte Scorecard benchmarking methodology. Foundry, IRIS and Esendex all found places on the list with Foundry also being […]
17 November 2017Hg agrees sale of Sequel to Verisk Analytics
Hg is pleased to announce that it has sold Sequel Business Solutions (‘Sequel’), a provider of software and services to the Lloyd’s of London and the broader insurance markets, to Verisk Analytics (Nasdaq: VRSK), a leading data analytics provider serving customers in property/casualty insurance, natural resources, and financial services. Headquartered in Jersey City, NJ USA, […]
21 August 2017Hg leads $5.3bn buyout of Visma
Hg leads the largest ever European software buyout in a transaction valued at NOK45bn / £4.2bn / $5.3bn Hg led the buying investor group and will ultimately represent 41% of Visma equity as a result of this transaction; significant minority investors are Cinven, GIC, Montagu and ICG alongside management who will retain a 7% stake […]
29 June 2017Hg announces an investment in Esendex
Hg has today announced an investment in Esendex, a leading provider of mission-critical business messaging services across Europe. The investment is being made from Hg’s Mercury Fund which focuses on growth buyouts in the technology sector across Europe. This represents a further investment into the Technology Infrastructure cluster. The terms of this transaction were not […]
19 June 2017Hg sells Zitcom Group to Intelligent
Exit has delivered a c. 3.3x investment multiple and c. 145% gross IRR after 18 months of ownership Second exit from Hg’s specialist lower mid-market Mercury TMT fund, which has delivered aggregate realised returns of c. 2.8x and c. 70% gross IRR The £380m Fund made its first investment in 2012; and has returned c. […]
14 June 2017Hg announces sale of Parts Alliance to Uni-Select
Thirteenth realisation from Hg6 Fund, delivering a c. 2.0x investment multiple and c. 19% gross IRR Hg has returned over £1.5 billion to clients over the last twelve months with eight exits and multiple portfolio re-financings since the Brexit vote Third realisation by Hg in the last 5 months, delivering an aggregate investment multiple of […]
1 June 2017HgCapital announces sale of QUNDIS to KALORIMETA
Twelfth realisation from Hg6 Fund, delivering a 3.5x investment multiple and 30% IRR Hg has returned over £1.2 billion to clients over the last twelve months with seven exits and multiple portfolio refinancings since the Brexit vote Second realisation by Hg’s Munich team over the last 6 months, delivering an overall investment multiple of 2.7x […]
26 April 2017Hg announces an investment in Mitratech
Hg has announced today an investment in Mitratech, a leading global provider of legal, risk and compliance software serving multinationals and SMEs across Europe and the US. Hg will be the lead investor in the new transaction structure, alongside TA Associates and the management team at Mitratech. The terms of this transaction were not disclosed. […]
4 April 2017Hg builds for the future by strengthening executive team
Steven Batchelor, Jonathan Boyes and David Issott promoted to Partners at the Firm Matthew Brockman and Justin von Simson promoted to Managing Partner, joining Matt Rourke in this role They will continue to work with the current executive team, led by Nic Humphries, Senior Partner with overall responsibility for the Firm. Hg is delighted to […]
28 March 2017HgCapital announces the final closing of HgCapital 8 and Mercury 2
HgCapital is pleased to announce that on 15 February 2017 it held a final close on the HgCapital 8 Fund and, separately, a first and final close on Mercury 2 Fund, both at their respective hard capitalisations raising a total of £3.1 billion. Both Funds were significantly oversubscribed and received strong support from existing investors. […]
16 February 2017HgCapital announces sale of Zenith to Bridgepoint
HgCapital is pleased to announce that it has agreed the sale of Zenith, the largest independent vehicle leasing business in the UK, to Bridgepoint in a transaction totalling £750 million. Headquartered in Leeds, with full-service operations in both Solihull and Wokingham, Zenith has over 500 employees and provides end-to-end automotive solutions focused on contract hire, […]
30 January 2017IRIS Software Group acquires PS Financials
Peterborough-headquartered PS Financials provides accounting, purchasing, budgeting and reporting software to more than 2,900 organisations. The acquisition brings 136 highly skilled and experienced staff into IRIS across two locations – Peterborough and London. The company services a range of markets with its award winning unified ledger solution, including commercial, finance, hospitality, health & social care […]
5 January 2017