HgCapital has sold ATC to Intertrust. The realisation represents an investment multiple of approximately 2.2x original cost and a gross IRR of 37 percent over the two year investment period. ATC provides fiduciary, management and administration services to multinational corporations, financial institutions and fund managers.
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HgCapital has announced a final close of its latest private equity fund, HgCapital 7. The 2 billion ($3.06 billion) pound fund will provide broad coverage of the Northern European mid-market through its four sector teams, dedicated portfolio management group, and investment offices in London and Munich.
The sale of German insulation firm Armacell by its Bahrain-based private equity owner Investcorp has attracted six bidders as interest grows in companies making energy-efficient products, writes Reuters. Private equity investors Charterhouse, Pamplona, Equistone, HgCapital, Goldman Sachs Private Equity as well as a US-based producer of building materials have placed tentative bids, writes Reuters.
Investor HgCapital has sold British pharmaceutical company Mercury Pharma to private equity firm Cinven for $732 million, writes Reuters. HgCapital bought the 25-year-old pharmaceutical firm, which sells niche prescription off-patent products in the UK, Ireland and the Netherlands, in 2009.
HgCapital has made a majority investment in Valueworks, a UK-based online marketplace provider. The transaction marks the first investment of the HgCapital Mercury fund, a fund raised in the last year specifically to target lower mid-market buyouts in selected TMT sub-sectors.
UK-based HgCapital is selling its investment in SHL to The Corporate Executive Board Company for $660 million. Upon completion of the transaction HgCapital Trust plc, the listed investment trust which invests in all HgCapital’s deals alongside its institutional clients, will realise estimated cash proceeds of approximately 27.1 million pounds ($42.5 million). The sale proceeds represent [...]
HgCapital and its portfolio company RidgeWind have closed the 20.5MW Wandylaw wind project deal in Northumberland, England. The total debt and equity value of European renewable energy projects financed by HgCapital now exceeds 1.5 billion euros ($1.9 billion) and over 700MW, including more than 50 wind, solar and hydro power plants. PRESS RELEASE HgCapital and [...]
European sector-focused private equity investor HgCapital has acquired Qundis Group, a German provider of submetering devices and systems for consumption-dependent billing of heat and water. HgCapital will acquire the company from financial investor Capcellence and Qundis management team, pending approval by the antitrust authorities. PRESS RELEASE HgCapital, the European sector-focused private equity investor, has today [...]
European sector-focused private equity investor HgCapital has promoted Kai Romberg to partner. He joined HgCapital in 2004 as an associate and has been involved in deals such as SiTel, Addison, Visma, CSG, Achilles, Lumesse, TeamSystem and Teufel. PRESS RELEASE HgCapital, the leading European sector-focused private equity investor, today announces that Kai Romberg has joined the [...]
HgCapital, the mid-market private equity shop, is looking to exit its investment in SHL, the largest private employer of business psychologists in the world, Reuters reported, citing an article in the Financial Times. The UK-based business is valued at about $700 million.