Hg speaks to Bloomberg TV

"The risk is that people over pay for the old tech because it's software and they're not valuing correctly the potential of very strong innovative cloud products."

Matt Brockman, Managing Partner of Hg
Welcome to Hg's monthly digest, designed to keep you updated with news from Hg and our network of portfolio companies.The newsletter can also be found on our website where you can also subscribe. Alternatively, follow us on Twitter and LinkedIn.
 
Hg News
 
ESGD Financing at Septeo
Putting diversity at the heart of investment, Hg was successful in creating and completing a pioneering, diversity-linked financing package to support the acquisition of Septeo.
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World-leaders invest in Benevity
“We’re thrilled to have found like-minded partners in Hg, and now, The Rise Fund and Generation. These world-class partners share our commitment to supporting a new economy – and in fact society – underpinned by the pursuit of hybrid goals of profit and purpose.” Bryan de Lottinville. ​​​​​​​Read more
Hg Foundation partners with SEO
SEO is a New York-based organisation providing talented and motivated young people from underserved and underrepresented communities with access to educational and career opportunities.
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Hg turned 20 in 2020
Hg today looks less like a traditional private equity firm with over 35 portfolio companies. Instead we are more like an industrial software and services organisation - one of the largest software companies in Europe with over 35 divisions. Read more
Our Thinking
 
Deep Dive on Data:
PEI interviews Chris Kindt

"There hasn’t been a better time to start introducing, experimenting and trialing all sorts of AI projects." PEI speaks to the lead of Hg's 20-strong data team.
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Visma xHg: an MBA Study
John Gilligan of Said Business School, Oxford, used the long-term relationship between Visma and Hg as a case study challenging the stereotypes of private equity for his students. Watch our film
Hg Tech Insight: The Rule of 40
Hg's Head of Research, David Toms, considers whether this popular method of judging growth vs margin is still relevant. See the chart or read David's insight: "Software at the all-you-can-eat buffet"
Sovos CEO speaks to HPScast
Andy Hovancik discusses leveraging his experience in industries from manufacturing to software to plot his own course, and how he pushed past his comfort zone to navigate a tricky carveout. He also mentions how Sovos applies a global perspective to local taxes and maintains one of the highest customer retention rates in the business! Listen here
The road to a greener future
Transporeon is calling this March Logistics Sustainability Month. Through a full program of initiatives they hope to use this time to drive conversation, share resources, and inspire action all year long. 
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Portfolio News
 
Sovos invests in Fit Sistemas
"With the acquisition of Fit Sistemas, Sovos is continuing to grow its footprint in line with its strategy of worldwide tax compliance fueled by local expertise.” The company is a leading provider of cloud-based regulatory reporting and electronic invoicing solutions. Read more
TeamSystem acquires Billin
Spain's Billin is a cloud platform that allows you to create, exchange, manage, track and store invoices online in a simple and secure way. 
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IRIS Ed:gen launches
“Our objective is to be at the heart of school management, providing the software solutions that will enable education leaders to improve the life chances of every student. The launch of IRIS Ed:gen is the next step in achieving this goal.” Read more
Intelerad invests in Lumedx
The Acquisition marks Intelerad’s third in six months, expanding the organisation’s ability to provide enterprise imaging and insights and deepening its cardiovascular expertise and analytics capabilities. 
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Benevity launches Impact Labs
Run by Sona Khosla, Benevity’s first ever Chief Impact Officer, Impact Labs is an incubator and resource hub bringing data, research, insights, inspiration and resources to help companies, nonprofits and individuals maximize their impact and authentically live their purpose.
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IT Relation merges Emineo with Miracle 42
Following the investment, IT Relation Group will be among the largest players in the Nordic region with 60 dedicated database experts in Sweden and Denmark.  Read more
New ESG Solution at FE fundinfo
The service helps clients reduce their admin burden - from data validation to the design & delivery of ESG Reports in flexible formats - to satisfy transparency obligations and reporting requirements on a product level and enable investors a dynamic and extensive evaluation of their ESG-risks and opportunities.  Read more
F24 wins again!
F24 wins CIR Magazine's “Cloud Based-Services” Award Second Year Running. “Cloud-based services have been given a serious boost in the pandemic, but this company was a leading name in cloud-based offerings long beforehand.”  Read more
Azets acquires Roffe Swayne
The combination of the Roffe Swayne team based in Godalming, Surrey and the already established Azets team based in Guildford, will create a local business offering a full breadth of professional services to SMEs and individuals in the South East of England. Read more
FE fundinfo grows by three
Aegon, FundsNetwork and Old Mutual Wealth are the latest platforms to offer FE Investments’ Hybrid, Income, Responsibly Managed and Mosaic portfolios. "2021 promises to be another year of growth for FE Investments... as investors look to readjust their portfolios to benefit from any potential market upside." Read more
Ruth Fornell new Sovos COO
“Throughout my career, I have thrived in situations where I can help cultivate and drive diverse teams toward strategic change and growth. At Sovos, I can already see I’ve joined a company that’s focused on delivering results for our customers and fulfilling the clear global vision to remove the friction from tax compliance so businesses prosper and communities thrive.” Read more
 
 
 
 
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