HgCapital acquires Ullink

HgCapital is investing alongside Ullink's management, which is led by the company's CEO Laurent Useldinger.

HgCapital plans on supporting the organic growth of the company, including further international expansion.

The deal marks the firm's fifth investment in Europe's software industry in the past year. Previous acquisitions include e-conomic, a Danish software-as-a-service accounting business for SMEs; UK software company Intelliflo; and German human resources software company P&I Personal & Informatik, which HgCapital acquired from Carlyle in November.

Company
Founded in 2001, Ullink is headquartered in Paris with additional offices in New York, London, Cluj, Hong Kong, Tokyo, Singapore, São Paulo and Sydney. The company employs around 300 staff.

Ullink provides financial trading software for buy-side and sell-side market participants. Its product base includes low-touch and high-touch trading solutions, a global trading network and a financial information exchange protocol.

The company claims that 90% of its revenues come from overseas and counts 150 banks and brokers in its client base.

People
Laurent Useldinger is the founder and CEO of Ullink. Jonathan Boyes is a director in HgCapital's TMT team.

Advisers
Company – Arma Partners (Corporate finance).

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