Legal

Please read these website terms & conditions (“Terms”) before proceeding to view our website as by accessing our website you are deemed to have read and accepted these Terms. Hg reserves the right to modify these Terms at any time. These Terms should also be read in conjunction with our Privacy Policy (“Policy”) and Cookies Notice.

In the United Kingdom ("UK"), Hg is the trading name of HgCapital LLP and Hg Pooled Management Limited (together with their affiliates, hereinafter referred to as “Hg” or “we”), both of which are authorised and regulated by the Financial Conduct Authority with the following FCA registration numbers:

HgCapital LLP: 478870
Hg Pooled Management Limited: 122466
In Germany, Hg operates through Hg Advisory GmBH & Co KG, which provides services directly to Hg Pooled Management Limited.

In the United States (“US”), Hg operates through Hg (US) Inc., which provides services directly to Hg Pooled Management Limited.

In France, Hg operates through Hg France SAS, which provides services directly to Hg Pooled Management Limited.

Hg acts for its funds or affiliates and for no one else in relation to its business. It will not
advise, provide services to or be responsible for providing client protections to any other
person, including anyone accessing this site.

The trademarks, service marks and logos shown on this website are registered and
unregistered trademarks of Hg and others. Nothing in these Terms, or on this website,
should be construed as granting any licence or right to use any of these trademarks.

Downloading or other copying from this site does not transfer to you title to any material or
software. Should you download or copy material from this site no copyright or other
proprietary notices should be removed. Hg reserves all rights with respect to copyright and
trademark ownership of all material on this site and will enforce such rights to the full
extent permitted by law.

The contents of this site have been prepared solely for information purposes and Hg’s communications are only directed at professional clients and eligible counter-parties. They are not directed at any other person. Funds managed by Hg are not available to members of the general public. In addition, no information on this site constitutes investment, tax, legal or any other advice and nothing on this site is intended to constitute an invitation or inducement to engage in investment activity in any jurisdiction.

Hg does not represent that any materials on this site are appropriate for use, or permitted by local laws, in all jurisdictions or by all investors. Those accessing the site do so of their own initiative and are responsible for compliance with applicable laws and regulations of any relevant jurisdiction. In particular, the site is not directed at any person resident in any jurisdiction where, under local law or regulation, the publication or availability of this site is prohibited. Persons to whom such restrictions apply must not access this site.

The information on this site is published in good faith but no representation or warranty, express or implied, is made by Hg or by any of its partners or employees, as to its accuracy or completeness and it should not be relied on as such. Nothing in these Terms attempts to exclude liability that Hg may have under the UK Financial Services and Markets Act 2000 (“FSMA”).

To the extent permitted by applicable law, Hg does not warrant that this site will be available at any time or that your access to the site will be uninterrupted, timely or free from viruses.

This site, including the Investor Area, contains certain links that may give you access to external websites and websites of organisations that are not regulated under FSMA. Hg has not examined any of these websites and is not responsible for and accepts no liability in relation to these sites, their contents or for the goods, services and products that they offer. These links are for your convenience and you access these at your own risk. We recommend that you read the privacy policy statement of any new site you visit.

These Terms are governed by and construed in accordance with the laws of England and Wales.

Disclaimer: Please note that the ESG Report or communication is not a marketing document and is provided for information purposes only. The environmental, social and governance (“ESG”) or impact goals, commitments, incentives and initiatives outlined in this report are purely voluntary, are not binding on investment decisions and/or Hg’s management of investments and do not constitute a guarantee, promise or commitment regarding actual or potential positive impacts or outcomes associated with investments made by Hg or funds managed or invested by Hg. Hg has established, and may in the future establish, certain ESG or impact goals, commitments, incentives and initiatives, including but not limited to those relating to net zero, greenhouse gas emissions reductions and diversity, equity and inclusion. Any ESG or impact goals, commitments, incentives or initiatives referenced in any information, reporting or disclosures published by Hg are not being promoted and do not bind any investment decisions made in respect of, or stewardship of, Hg or any funds managed or invested by Hg for the purposes of Article 8 of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Any measures implemented in respect of such ESG or impact goals, commitments, incentives or initiatives may not be immediately applicable to the investments of any funds managed by Hg and any implementation can be overridden or ignored at the sole discretion of Hg.

Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector dated 27 November 2019 (“SFDR”)

TRANSPARENCY OF SUSTAINABILITY RISK POLICIES (Article 3, SFDR)

Hg Pooled Management Limited and its affiliates consider sustainability risks associated with investment opportunities including but not limited to risks associated with climate change, health & safety, cybersecurity and bribery and corruption. In particular, Hg evaluates ESG risks, mitigating factors and opportunities applicable for the asset type, geography and the industry as a whole. Hg tracks relevant data, and, where appropriate, integrates such data into the investment research, acquisition, onboarding, post-acquisition, value creation and realisation, risk monitoring and exit processes.

Hg’s targeted investment approach means we have extensive knowledge and a clear focus on the ESG metrics that are most material to the software and service sector. These ESG metrics are outlined in Hg’s Sustainable Business framework.

Hg maintains a Responsible Investment Policy that sets out its approach to the identification and management of sustainability and ESG related risks and opportunities throughout the investment activities, including the management of investee companies. HgCapital LLP has been a signatory to the United Nations Principles for Responsible Investment (“UNPRI”) since 2012 and is dedicated to the UNPRI’s six principles.

Further information on Hg’s policies on the integration of sustainability risks in our investment decision‐making process is located on Hg’s website at: Hg | Responsibility.

NO CONSIDERATION OF ADVERSE SUSTAINABILITY IMPACTS AT ENTITY LEVEL (Article 4, SFDR)

While Hg will continue to take into account ESG factors in its investment process, Hg does not consider adverse impacts of investment decisions on sustainability factors as set out in the SFDR. Hg has chosen not to do so presently as we consider that our existing ESG approach is appropriate, proportionate and tailored to the investment strategy we pursue.

While Hg does not currently intend to consider adverse impacts of investment decisions on sustainability factors, we continue to monitor regulatory developments with respect to the SFDR and other relevant laws and regulations, including the implementation of related and secondary legislation and regulatory guidance. Where required or otherwise appropriate, Hg will accordingly make changes to its existing policies and procedures.

TRANSPARENCY OF SUSTAINABILITY RISK POLICIES (Article 5, SFDR)

Hg pays their staff a combination of fixed remuneration and variable remuneration. Variable remuneration for relevant staff takes into account compliance with all of Hg’s policies and procedures, including those relating to risk management and the integration of sustainability risks. ESG is embedded into the performance process through one performance objective, applying across all teams, which relates to how the employee has contributed to ESG & Diversity across the firm or its portfolio. Furthermore, variable remuneration also depends on the performance against Hg’s values as part of the annual review process. One of Hg’s values is ‘Win right’ where the employees are asked to consider the firm’s long-term ESG performance.