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Hg is a leading software and services investor, focused on building champions and backing businesses that change how we all do business, through deep sector specialisation and dedicated operational support.

>$55bn funds under management

Hg’s vision is to be the most sought after investor within our sector focus, being a partner of choice for management teams and providing a rewarding environment for Hg colleagues.

Hg has a clear investment approach, targeting software and services businesses operating in “Hg clusters”, growing faster than the broader economy.

Hg has offices in London, Munich, Paris, New York and San Francisco and we primarily seek controlling equity buyout investments in businesses headquartered in Europe and North America.

Hg’s objective is to pursue investment theses supporting long-term growth, leveraging its expertise working with software and services businesses to implement initiatives designed to maximise organic expansion, as well as through rolling up fragmented sectors, over typical hold periods of approximately five years or longer.

$110bn+ aggregate EV (30 June 2022)

Hg has led over 170 investments in the software and services sector during the last 25 years. This focus means we have developed an institutional expertise and a deep understanding of the sectors and businesses in which we invest.

For further detail, our latest factsheet can be downloaded here.

A rising Tech Platform Leader

The 2021 edition of AGC Partners’ Tech Private Equity Annual Report reinforces what we at Hg already know: Hg is one of the most active tech investors in the world.

  • In AGC Partner’s 2021 Tech Private Equity Annual Report, Hg was ranked joint first in the top ten most acquisitive tech acquired over the last three years, by Deal Count (2018-2021).
  • AGC also placed Hg in the top 5 PE Tech Platform Leaders, judged by the number of platform acquisitions made since 2020.
  • Hg is also proud to have the top two platforms in tech since 2010 in its portfolio: Visma (167) and Access (57). IRIS also places at #9 with 31.

 

On an aggregated basis, the Hg portfolio would represent the second largest, and one of the fastest growing, software business in Europe.

The Power of the Portfolio

Hg has a unique approach and strategy, with a focus on achieving scale in tightly defined clusters of expertise, within the software and services sectors.

As a result we have assembled a large portfolio of software and services businesses, with business models that share similar characteristics, but differ in size and maturity.

This creates a natural environment for knowledge sharing, creating a network effect to drive best practices and value creation initiatives.

This is why we believe in collaboration and the ‘power of the portfolio’.

This scale and focus enables our businesses to benefit from being part of one larger tech organisation, whilst retaining their own identity.

>150 highly regarded institutional investors

Hg’s investment teams have a flexible approach in terms of both size and horizon.

This means that at any given time, the Hg portfolio will comprise more than forty software and services businesses with similar characteristics, but of different sizes, end market focus, and maturity profiles. These characteristics comprises businesses models that have a:

  • Business critical need delivered as software or service
  • Subscription or repeat revenue model
  • Utilising years of accumulated IP > high margin
  • Fragmented customer base

This flexible investment approach is made possible by three buyout strategies, with deal sizes ranging from $50 million to over $10 billion:


Hg Saturn Logo
Hg Genesis Logo
Hg Mercury Logo

The Saturn funds focus on larger-cap companies with enterprise values above $2 billion. Hg’s typical hold is over $1 billion in equity and we aim to make between eight to ten investments in the latest fund.

The Genesis funds focus on businesses with enterprise values between €750 million and €2 billion. Hg’s typical hold will be between €450million and €850 million and we aim to make between ten to twelve investments in the latest fund.

The Mercury funds focus on businesses with enterprise values worth less than €750 million, with Hg’s typical hold around €400 million or less, aiming to make between ten to twelve investments in the latest fund.

Hg Saturn Logo
The Saturn funds focus on larger-cap companies with enterprise values above $2 billion. Hg’s typical hold is over $1 billion in equity and we aim to make between eight to ten investments in the latest fund.

Hg Genesis Logo
The Genesis funds focus on businesses with enterprise values between €750 million and €2 billion. Hg’s typical hold will be between €450million and €850 million and we aim to make between ten to twelve investments in the latest fund.

Hg Mercury Logo
The Mercury funds focus on businesses with enterprise values worth less than €750 million, with Hg’s typical hold around €400 million or less, aiming to make between ten to twelve investments in the latest fund.

280+ employees in five investment offices

Today Hg has more than 280 employees representing the largest technology investment team in Europe.

We have five investment offices based in London, Munich, Paris, New York and San Francisco, managing funds under management of over $55 billion and serving more than 150 highly regarded institutional investors, including private and public pension funds, insurance companies, endowments and foundations.

Hg is itself an entrepreneurially-led fast growing business 100% owned and managed by its Partners.

The company is committed to being a responsible investor and, as such, is a signatory of the UN Principles for Responsible Investment.

We are also delighted to be a sponsor of Level 20, the not-for-profit organisation established to inspire women to join and succeed in the private equity industry.

A little bird told me...

@HgCapital

Hg’s Christopher Fielding’s speaks at @RealMegabuyte's panel session. Discussing Governance, Risk and Compliance software Christopher is accompanied by Ben Dorks, CEO of @Ideagen_, Tom Eggleston CEO of @proof_id and Cameron Naylor, senior analyst at Megabuyte. https://t.co/201nonfOdn

27 September
@HgCapital

Great to see Hg’s very own Tim Harrison speaking with Ernesto Ongaro from @getdbt last week. Telling the story of how we are leveraging dbt to operationalise analytics & data insights at Hg and with Hg portfolio companies! #dbt #BigDataLDN https://t.co/4SvaGkFAdb

27 September
@HgCapital

.@Caseware expands global footprint with the acquisition of its strategic partner and software distributor @AudiconDE. Read more: https://t.co/k3yOedjX6w To keep up to date with Hg and portfolio news, sign up to our newsletter: https://t.co/Ka1nzSfMO4 https://t.co/NUdRhzBZMI

23 September

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