HgCapital Promotes Kai Romberg to Partner

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 Looks to Exit SHL

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.

HgCapital Takes Stake in IRIS Businesses

UK-based HgCapital has acquired a majority stake in IRIS Accountancy Solutions and IRIS Software Group from Hellman & Friedman. The businesses were created following the split of IRIS Software Group. HgCapital previously held a minority stake in the parent company. The total investment by HgCapital amounts to approximately 26.5 million pounds ($41.6 million). PRESS RELEASE […]

Advent International in Deal Talks with Mondo Minerals

Private equity firm Advent International is in exclusive talks to acquire HgCapital’s Mondo Minerals B.V., the company revealed. Specifics on the transaction were not publicized. Guillaume Darbon, a managing director with Advent, and Michael Ogrinz, are working on the deal. Advent was advised by HSBC (M&A), Allen & Overy (Legal), KPMG (Financial and Tax Diligence), BCG (Market Diligence), ERM (Environment) Creative Value / Olivier Quenardel (Industry Advisors). Senior acquisition debt is being arranged by BNP Paribas (acting through Fortis Bank SA.NV), IKB Deutsche Industriebank AG and RBC Capital Markets, and mezzanine acquisition debt by Ares Capital Europe Limited.

HgCapital Exiting Mondo Minerals

Mid-market private equity shop HgCapital is planning to sell talc mining and processing company Mondo Minerals, Reuters reported. The firm has hired Lazard to help sell the business, which it values between 300 million and 400 million euros ($425 million-$565 million). HgCapital acquired Amsterdam-based Mondo in 2007. No terms of the original sale were disclosed.

PE Firms Reach Second Round for SLV Group

Four buyout shops remain in the running for SLV Group, a German lighting business owned by HgCapital, Reuters said. A sale of the company could fetch more than 400 million euros ($562 million), Reuters estimated. European investment firms BC Partners, Charterhouse and Cinven are all in the second round of the auction. U.S. firm Lindsay Goldberg also remains in the running.

Reuters: Bidders Eye HgCapital’s SLV Group

LONDON, March 24 (Reuters) – Four private equity firms remain in the hunt for SLV Group, the German lighting business owned by HgCapital which could fetch more 400 million euros ($562 million), people familiar with the matter said. European buyout houses BC Partners, Charterhouse and Cinven are all in the second round of the auction […]

KKR buys Norwegian software firm Visma

Kohlberg Kravis Roberts has bought Visma, a Norwegian software company, for $1.2 billion ($1.88 billion), from private equity firm HgCapital, the companies announced on Sunday. HgCapital retains a 17.7 percent stake in Visma.

HgCapital To Buy TeamSystem from Bain

LONDON (Reuters) – HgCapital is set to buy Italian accounting software firm TeamSystem, three people familiar with the matter said, after beating rival buyout firm Cinven in the final stages of the auction. Seller Bain Capital could get as much as 600 million euros ($783 million), one of the people said. Bain received bids from […]

Riverside Co. to sell Teufel to HgCapital

Riverside Co. has agreed to sell Teufel Speakers GmbH to HgCapital, a private equity firm targeting the European sector. Financial terms were not disclosed. Teufel is designer and online retailer of loudspeaker systems in Germany. Riverside invests in the smaller end of the middle market.

HgCapital Buys Manx Telecom

MADRID (Reuters) – Spain’s Telefonica (TEF.MC) has sold Manx Telecom, the main telecoms provider for the Isle of Man, to a private equity firm as part of its ongoing plan to divest non-core assets. UK private equity investor HG Capital said on Friday that it was buying the majority stake in Manx, alongside telecoms management […]

HgCapital Buying Frösunda

HgCapital has agreed to acquire Frösunda LSS AB, a Swedish provider of specialist disability care, from Dutch private equity firm Polaris. No financial terms were disclosed.

HgCapital In Talks To Buy UK Laundry Company

LONDON (Reuters) – HgCapital is in exclusive talks to buy UK commercial laundry equipment supplier John Laithwaite (JLA), in a deal that could be worth around 150 million pounds ($225.5 million), people familiar with the matter said. HgCapital saw off competition from other private equity houses to enter exclusive talks for the business, which provides […]

HgCapital Plans To Issue New Shares

LONDON (Reuters) – Private equity firm HgCapital Trust plc (HGT.L) plans to raise 30 million to 50 million pounds ($47-$79 million) by issuing new shares next month to fund investments, people familiar with the matter said. The firm, with a market value of 210 million pounds, on Wednesday announced that it is considering selling new […]

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