Vista Equity sells majority of Sovos Compliance

By Luisa Beltran — 2 weeks ago

HgCapital has acquired a majority stake in Sovos Compliance. Financial terms weren’t announced. Vista Equity Partners was the seller. Wilmington, Massachusetts-based Sovos provides tax compliance software. Shea & Company acted as the exclusive financial advisor to Sovos/Vista.

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Hellman & Friedman acquires Italian software company TeamSystem

By Iris Dorbian — 2 months ago

Hellman & Friedman LLC has acquired a controlling stake in Italian software company TeamSystem Holding SpA. No financial terms were disclosed. The sellers are HgCapital, Bain Capital, ICG and TeamSystem’s management. However, HgCapital “intends” to retain a minority stake in TeamSystem while company management will continue to invest in it. Mediobanca SpA provided financial advice to Hellman & Friedman on this transaction while Rothschild did likewise for HgCapital.

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HgCapital to sell SimonsVoss to Allegion

By Iris Dorbian — 7 months ago

Allegion has agreed to buy SimonsVoss, a German provider of electronic battery-powered locking and access control systems, in a deal valued at 210 million euros. The seller is HgCapital. Robert W. Baird served as financial advisor on the transaction.

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HgCapital hires Xerox’s global HR director

By Chris Witkowsky — 8 months ago

HgCapital has hired Tom Maddison, former global HR director at Xerox Corp, for the new role of head of portfolio talent. Maddison, who starts in August, will be responsible for supporting management teams to develop talent across HgCapital’s portfolio as well as within the firm itself.

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Carlyle to sell The Foundry for $312 mln

By Luisa Beltran — 9 months ago

HgCapital has acquired a majority stake in The Foundry for 200 million pounds (US$312 million). The Carlyle Group was the seller. London-based The Foundry provides software used by artists, designers and creative professionals.

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HgCapital invests in Eucon

By Iris Dorbian — 9 months ago

HgCapital has made an undisclosed investment in Eucon. Headquartered in Germany, Eucon is a provider of automotive data and insurance claims management services.

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PE-backed Ullink agrees to acquire NYFIX and Metabit

By Iris Dorbian — 2 years ago

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

By Angela Sormani — 2 years ago

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.

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Morgan Stanley sells Zenith parent company stake – Reuters

By Reuters News — 2 years ago

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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