HgCapital invests in five sectors: Healthcare, Industrials, Services, TMT and Renewable Energy (separately, via a dedicated fund). We believe that a deep sector focus makes us better able to select the most attractive investment opportunities and also the most qualified investor to support the management of those companies. We therefore feel that our long-standing investment in establishing and maintaining deep sector expertise is a key differentiator in the European Private Equity environment.

Our large, dedicated sector teams operate across Europe and focus on specific sub-sectors - identifying and then developing expertise in specific investment ‘Themes’. Thematic investing represents the identification, through in-house research, of sub-sectors where various industry and macro factors combine to support attractive long-term growth across various European countries.   By identifying and focusing on Themes, we are able to directly target opportunities and to invest repeatedly within a theme over multiple funds and cycles.  

This Thematic focus, and the potential for repeated investment, allows us to accumulate knowledge, to the benefit not only of our portfolio companies and but also ultimately to the investors in our funds, by sharing best practices across our similar investments and improving returns in a virtuous cycle of improvement.  An example of an investment Theme is the SME regulatory software space where our TMT team has now made six investments. Click here for our Visma case study...

While our investment approach is sector-driven, HgCapital primarily focuses its buyout investments in the UK, Germany and the Nordic Region, as well as selectively across the rest of Western Europe. However, our sector focus precedes geography, and we are therefore prepared to invest in other geographies in sectors, and especially Themes, in which we have previously made repeated investments.