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Year Founded: 1990

AUM: $55B | Dry Powder: $28.8B

2 More London Riverside, London SE1 2AP, England, UK

Founded in 1990, Hg is a private equity firm targeting technology buyouts primarily in the software and services sectors across Europe and the US. The firm seeks to invest in the financial services, healthcare, information technology, software, and SaaS businesses headquartered in Europe and North America

Key Contacts

  • Philip Marshall

    Chief Financial Officer & Board Member

  • Nicholas Humphries

    Senior Partner

  • Justin Von Simson

    Managing Partner

Investment Preferences

  • Preferred Industries

    Accounting, Audit and Tax Services (B2B), Automotive, Capital Markets/Institutions, IT Services, Legal Services (B2B), Legal Services (B2C), Software, Healthcare, Insurance

  • Geographical Preference

    North America, Northern Europe

  • Preferred Deal Types

    Buyout/LBO, PE Growth/Expansion

  • Other Investment Preferences

    Prefers majority stake, Seeks ESG investments, Seeks Impact investments, Will lead on a deal, Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Hg Saturn 3
Vintage: 2022

Size: $18.6B

Dry Powder: $18.6B

Details: The fund targets investments in the software and service sectors

Hg Titan 1
Vintage: 2021

Size: $1.2B

Dry Powder: $1.2B

Details: Hg Titan 1 is a buyout fund managed by HG Capital and located in London, UK

Hg Capital Saturn 2
Vintage: 2020

Size: $5B

Dry Powder: $2.4B

Details: The funds focuses on larger-cap companies with enterprise values above $2 billion

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In February 2023, TeamSystem, via its financial sponsors HgCapital and Hellman & Friedman reached a definitive agreement to acquire ContactLab, a subsidiary of Growens for an undisclosed amount

In July 2022, Hg Capital acquired Ideagen, a provider of compliance-based information management software, through a GBP1.1 billion public-to-private LBO

In July 2022, Hg Capital Trust, managed by Hg, invested $20.1 million of development capital in team.blue, a digital enabler for companies and entrepreneurs across Europe

In May 2022, Hg acquired LucaNet, a financial consolidation and planning software business, through an LBO for an undisclosed amount

In April 2022, Commify, via its financial sponsors HG Capital (UK) and HgCapital Trust, acquired CDYNE Services, a provider of data quality and communications web services for an undisclosed amount

In March 2022, Lyniate, via its financial sponsors HgCapital Trust and HG Capital (UK), acquired NextGate, a developer of identity management software for the healthcare sector, through a $615 million LBO

In February 2022, MediFox, via its financial sponsor HarbourVest Partners, HGCapital (UK) and HgCapital Trust, acquired AdiutaByte, a developer of dynamic real-time optimization software for solving complex fleet planning challenges for an undisclosed amount

In February 2022, Iubenda, a developer of a compliance platform was acquired by team.blue for $68 million, via its financial sponsors HgCapital Trust and HG Capital through an LBO

In November 2021, Sigma Conso, a developer of consolidation and reporting software application was acquired by Prophix Software, via its financial sponsors HgCapital Trust and HG Capital (UK), through an estimated $100 million LBO

In March 2021, Litera Microsystems acquired DocsCorp, a developer of hybrid desktop SaaS-based productivity software, via its financial sponsor HG Capital (UK) through a $102 million LBO

In December 2020, Abintegro, a developer of career development platform was acquired by The Access Group, via its financial sponsors TA Associates Management, HgCapital Trust and HG Capital (UK), through an estimated $30 million LBO

Other Details

Hg Capital has around 400 employees across London, Munich, New York, Paris and San Francisco. It has a current portfolio of around 50 businesses, worth over $120 billion aggregate enterprise value.

The latest open fund, Hg Mercury 4, is a buyout fund with a focus on businesses having enterprise values less than €750 million.

3i Group, A-Plan Insurance, abrdn Capital Partners, Achilles, Ad_Astra, Addison Software, Aeternum Capital, Alberta Investment Management, Allocate Software, Alpha Leonis Partners, AlpInvest Partners, Andrew Page, Ardan Equity, Ardian, Argus Media, Azets, Bain Capital, Baird Capital, Baldwins, Bank of Scotland, Blick Rothenberg, Bolster Investment Partners, Bridgepoint Advisers, CPP Investments, CVC Capital Partners, Deutsche Morgan Grenfell Group, EQT, ICG Enterprise Trust, Index Ventures, Kohlberg Kravis Roberts, Montagu Private Equity are the co-investors who invest alongside Hg Capital.

Source: Pitchbook, Company Website, Press Release