HgCapital acquires Trace One

The deal was made through HgCapital's Mercury Fund and saw participation from the GP's LSE-listed trust, which provided £4.5m of equity in the deal and is also invested in HgCapital funds.

Post-investment, the Mercury Fund – which focuses on technology-sector growth LBOs – will have committed around 52% of its capital.

HgCapital operating partner Bertrand Sciard will become the executive chair of Trace One after the acquisition.

Company
Headquartered in Paris, Trace One is a SaaS platform for the retail and private-label goods sectors.

The company was founded in 2001 and offers a range of product-lifecycle management software products, in addition to supplier-specification management and development software.

People
HgCapital – Bertrand Sciard (operating partner); Sebastien Briens (director).
Trace One – Jérôme Malavoy (founder, CEO).

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