Facts and figures about Hg as at 31 December 2020.
Europe’s largest investor in software & services
c. $13 billion of software and services proceeds returned at 2.9x / 34% IRR.
25+ years of investing
230+ employees across London, Munich & New York
170+ total no. investments
$60bn+ aggregate EV (as at 31 December 2020 PF)
$30bn+ funds under management (as at 30 June 2020)
AA++ 2019 and 2020 UNPRI rating
Combined portfolio represents 2nd largest tech firm in Europe, with the fastest growth
$7.5bn total revenue of our companies
37+ platform investments
35k+ portfolio employees
+4% no. of employees across the portfolio
+22% revenue growth across the portfolio*
+31% EBITDA growth across the portfolio*
*These figures represent the last 12 months (as at 31 December 2020) sales and EBITDA growth of the top 20 investments held by HgCapital Trust plc (HGT.L), calculated on a weighted basis, based on the respective gross valuations of the underlying investments. HGT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg’s investments.
2020 investment activity
$36bn total deal EV
18 new platform investments
Last 10 yrs investment activity
$66bn+ total platform deal EV
70 platform investments across software & services
The most active European technology PE investor in 2019
2021 investment activity
(Publicly disclosed transactions only since 1 January 2021 to 31 March 2021)
Access (ERP & Payroll, UK)
Investments: RESILIA Frontline Security, My School Portal, Acteol, Ezitracker, HAS Technology.
Azets (Tax & Accounting, UK)
Investments: Roffe Swayne.
FE Fundinfo (Capital Markets & Wealth Management IT, UK)
Investments: Center for Social and Sustainable Products AG (CSSP).
GGW (Insurance, Germany)
Investments: Gossler, Gobert & Wolters Gruppe.
Howden Group Holdings (Insurance, UK)
Investments: A-Plan Group.
Intelerad (Healthcare IT, Canada)
IRIS (Tax & Accounting, UK)
Investments: Staffology, Senta.
IT Relation (Tech Services, Nordics)
Investments: Emineo, Miracle42.
Litera (Legal and Compliance, Us)
Investments: Foundation Software Group, DocsCorp.
Medifox (Healthcare IT, Germany)
Investments: Töchter & Söhne Gesellschaft für digitale Helfer mbH.
Prophix (Tax & Accounting, North America)
Investments: Prophix (platform deal).
Septeo (Legal & Regulatory, France)
Sovos (Tax & Accounting, USA)
Investments: Fit Sistemas.
team.blue (Tech Services, Benelux, Nordics, Southern Europe)
The Citation Group (Legal & Regulatory, UK)
Trackunit (Tech Services, Denmark)
Investments: Trackunit (platform deal).
Visma (Tax & Accounting, Nordics, Benelux, Poland)
Investments: Outstanding24, Brincr, TIMEmSYSTEM, IT Minds, Temponizer.
A decade of software and services transactions (as at 31 December 2020)
2020* ($36bn total EV)
Intelerad / smartTrade / Argus / P&I / Silverfin / F24 / Evaluate / Sovos / Visma / The Citation Group / Septeo / Howden / CaseWare / GenII / Prophix / Geomatikk / GGW / Benevity
2019 ($8bn total EV)
Transporeon / Litera / Visma / team.blue
2018 ($4.3bn total EV)
Access / IT Relation / Allocate / IRIS / Medifox / Rhapsody / FE
2017 ($7.1bn total EV)
fundinfo / Mitratech / Visma / Register (exited 2019) / Mobility Holding
2016 ($2.7bn total EV)
Kinapse (exited 2018) / Sovos / Citation / Trace One / raet (exited 2018) / STP / Commify / CogitalGroup / Evaluate
2015 ($1.0bn total EV)
A-Plan / Foundry (exited 2019) / Eucon / EidosMedia / Zitcom (exited 2017)
2014 ($4.0bn total EV)
Relay Software (exited 2016) / Ullink (exited 2017) / Sequel (exited 2017) / Visma / Allocate (exited 2018)
2013 ($1.5bn total EV)
e-conomic (exited 2017) / Radius (exited 2018) / Intelliflo (exited 2018) / Zenith (exited 2017) / P&I (exited 2016)
2012 ($300m total EV)
Noventic (exited 2017) / Parts Alliance (exited 2017) / Valueworks (exited 2017)
2011 ($1.3bn total EV)
ATC (exited 2013) / NetNames (exited 2016) / IRIS (exited 2018) / CSH (exited 2013)
2010 ($1.5bn total EV)
JLA (exited 2018) / Lumesse (exited 2018) / SimonsVoss (exited 2015) / Manx Telecom (exited 2014) / TeamSystem (exited 2016)
Includes all investments | 2019 EV include Visma follow-on. 2020 EV include Visma and Access follow-ons.