HgCapital backs Eucon

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

Eucon and HgCapital will work to implement a strategy of international growth and expansion of the company's product offering. Hg claims it has experience in both the automotive and insurance industries; its most recent deal was the acquisition of A-Plan, an Oxford-based insurance broker, from Equistone in December last year.

Company
Founded in 1997, 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. The company employs 250 people and has offices in the US, Romania and Brazil.

People
Marcel and Maurice Oosenbrugh are co-founders of Eucon. Kai Romberg is a partner in HgCapital's TMT team.

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• Topics
• DACH
• Expansion
• Support services
• Germany
• HgCapital