TMT as a sector covers a very large market. Driven by our Thematic approach, HgCapital’s TMT team is focused on specific sub-sectors including vertical market application software, private electronic marketplaces, B2B media information/publishing and telecoms / datacentre operators. Within these sub-sectors we have invested in high-quality, market-leaders which have strong and defensible market positions, diverse customer bases, and which feature subscription-based business models generating predictable revenues and cash flows.    We regularly conduct top-down Thematic research within the wider TMT sector, to continue to identify and assess further repeatable investment Themes where we can invest our time to develop proprietary expertise.

The TMT sector team has completed numerous public-to-private buyouts, corporate disposals, secondary private equity buyouts, and the recapitalization of owner-operated businesses within our Thematic subsectors.  Our well-resourced, dedicated team means that we are well placed to identify, assess and complete investments quickly and thoroughly, whatever the nature of the transaction.  We work to bring this experience and knowledge to support companies’ existing management teams, aiming to have the knowledge of a trade buyer coupled with the speed and focused delivery of a financial buyer. The team benefits from the depth and breadth of a cumulative 60 years of TMT private equity experience, and is complemented by an extensive network of industry experts and advisors. A good example of taking a strong regional player, and then helping it scale to become a regional technology champion is Visma.

In addition to the TMT team investing the existing HgCapital buyout fund, HgCapital has further invested in its European TMT investment capability by the development of HgCapital Mercury Fund and the Mercury Team.   This dedicated fund is intended to target smaller buyouts in the same Thematic TMT subsectors, but with significant incremental resources added to the existing HgCapital sector team.    The addition of Mercury alongside the existing TMT team further reinforces the scale and capability of HgCapital within this sector.