PE-backed Ullink agrees to acquire NYFIX and Metabit

Electronic trading solutions provider Ullink, which is backed by HgCapital, has agreed to buy NYFIX and Metabit from NYSE Technologies, which is part of Intercontinental Exchange. No financial terms were disclosed for the transaction, which is expected to be completed in the third quarter of this year. Perella Weinberg Partners advised HgCapital on the acquisition while Evercore advised Intercontinental Exchange.

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Cinven to invest in Visma

Cinven is to invest in Visma, a software and business process outsourcing services business in the Nordic region. Cinven, HgCapital and KKR will be co-lead investors each with a 31.3 percent shareholding in the group. Shareholders will also include Nordic institutional investors Ilmarinen, Storebrand and Visma management.

Morgan Stanley sells Zenith parent company stake – Reuters

Morgan Stanley has sold its majority stake in Accelerate Acquisitions, the parent company of British car provider Zenith, to UK private equity fund HgCapital for 3.8 times its original investment, writes Reuters. Morgan Stanley said that the sale by its private equity arm came four years after its initial investment in the car fleet manager.

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peHUB First Read

This morning First Read brings you KKR’s $2 billion energy fund close, Personalized Medicine Capital’s $75 million to invest in early stage healthcare and a look at which investors could be considering mezzanine funds in the year ahead.

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HgCapital acquires Ullink

HgCapital has made a majority investment in Ullink, a provider of electronic trading applications and connectivity to the financial community. The total consideration is not disclosed.

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HgCapital backs Relay Software

HgCapital has partnered with the founder management of Relay Software. Relay is a provider of software to insurance brokers, underwriters and insurers in the Republic of Ireland. Terms of the transaction were not disclosed.

HgCapital Sells ATC

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.

HgCapital Closes Euro Buyout Fund

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.

Reuters – Investcorp Attracts Bidders for Armacell

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.

Reuters – HgCapital Sells Mercury Pharma to Cinven

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 Makes First Investment from HgCapital Mercury Fund

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.

HgCapital Trust’s NAV Rises on SHL Exit

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 RidgeWind Seal Wandylaw Deal

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 […]

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