HgCapital announces the final closing of HgCapital 8 and Mercury 2 raising a total of c. £3.1 billion / €3.7 billion for future investment
• HgCapital 8: £2.5 billion fund raised in 5 months, after launching in September 2016 • HgCapital Mercury 2: £575 million fund raised in 3 months, after launching in November 2016 • Funds more than 3x oversubscribed versus target with strong existing investor support • These new funds will continue to build on the consistent performance of HgCapital and the investment expertise of its highly-resourced teams in the technology and technology-enabled services sectors
HgCapital announces sale of Zenith to Bridgepoint
HgCapital is pleased to announce that it has agreed the sale of Zenith, the largest independent vehicle leasing business in the UK, to Bridgepoint in a transaction totalling £750 million.
2016: A Year at HgCapital
2016 was a year of significant activity at HgCapital with ten investments, seven realisations and three refinancings.
IRIS Software Group acquires PS Financials
Accountancy and human capital management software provider IRIS Software Group, is today announcing it has acquired financial management software firm PS Financials.
HgCapital Mercury announces a significant investment in fundinfo AG
HgCapital has today announced a significant investment in fundinfo AG (“fundinfo”), a leading technology platform for fund data and documents publication and dissemination to the global fund industry, headquartered in Zurich, Switzerland. HgCapital will partner with the existing directors of fundinfo, Michael Partin, Philipp Portmann, Jan Giller, Daniel Walter, Matthias Weber and Jochen Gutbrod – to accelerate the development of the business.
HgCapital announces investment in Evaluate
HgCapital has today announced an investment in Evaluate Group (“Evaluate”), a London-headquartered provider of commercial intelligence to the global life sciences industry. The terms of this transaction have not been disclosed.
CogitalGroup which is backed by HgCapital announces an investment in Baldwins and the launch of the new Group
CogitalGroup, which is backed by HgCapital, a leading investor in the accounting services and technology space, today announces an investment in Baldwins, one of the UK's largest firms of independent accountants.
HgCapital announces an investment in Visma BPO
HgCapital has announced today its acquisition of Visma BPO (Business Process Outsourcing), a leading provider of outsourced accounting services.
HgCapital returns 36% IRR from the sale of Personal & Informatik to Permira funds
HgCapital is pleased to announce that it has agreed the sale of Personal & Informatik AG (“P&I”), a leading provider of payroll and strategic HR software headquartered in Germany, to a company backed by funds of Permira, an international investment firm.
HgCapital further strengthens the executive team
HgCapital is delighted to announce that Nick Luckock, previously a Partner at Actis, will be joining the firm in October as a Partner and member of the Services team.