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 […]

HgCapital Acquires Qundis Group from Capcellence

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 […]

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 […]

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