Hg exits Eucon to trade

The GP invested from its £380m Mercury Fund, which backs pan-European software and technology services. The management team and founders retained a significant stake in the business.

Hg recently closed its funds Saturn 2, Mercury 3 and Genesis 9 on hard-caps of $4.85bn, €1.3bn and €4.4bn respectively. The firm specialises in investing in software and technology services  companies based across Europe.

Company
Founded in 1997 and based in Münster, Eucon provides automotive data and insurance claims management services.

Its 200 clients include vehicle and auto parts manufacturers, as well as insurers, operating in 40 countries. In addition, Eucon offers digital services to the real estate industry.

The company employs 250 people and has offices in the US, Romania and Brazil. 

People
Hg – Benedikt Joeris (director).
Eucon – Sven Krüger (CEO).

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