HgCapital
UK Fundraising Pipeline - Q4 2020
Unquote rounds up the most notable fundraises currently ongoing in the French market across the buyout, venture and secondaries spaces
Hg closes Saturn 2, Mercury 3 and Genesis 9 on hard-caps
Proskauer provided legal advice and Rede Partners acted as placement agent for the three funds
Hg invests $1.5bn in Hyperion at $5bn valuation
Hyperion's management team and employees will remain the largest shareholder group in the company
Hg reinvests in Citation
Hg sold the compliance software company to KKR in August 2020 in a transaction valued at £500-600m
Hg sells A-Plan to trade buyer Howden
A-Plan was part of the portfolio of Hg 7, which closed on £2bn in April 2013
Hg-backed Transporeon bolts on ControlPay
Hg acquired the Germany-based logistics software developer in 2019 in an SBO from TPG
Hg-backed Visma acquires Cash Software
Deal is Visma's fourth strategic acquisition in the accountancy software market
Hg increases stake in Visma, valued at $12.2bn
New investors Warburg Pincus and TPG will invest in the business for the first time, acquiring minority stakes
Hg sells Citation to KKR
KKR will also be investing from its Global Impact Fund, which closed on $1.3bn
PE-backed Visma acquires Dutch firm Yuki
Deal is Visma's third acquisition in the accountancy software market
Hg makes further investment in Evaluate
Hg Capital Trust has invested approximately £8.1m alongside other institutional clients of Hg
Hg invests in F24
F24 partnered with Armira in 2017, the former majority owner, which has now exited the business
Hg leads $30m series-B for Silverfin
Existing shareholders Pieterjan Bouten and Louis Jonckheere will leave the company
UK fundraising update: name-brands push on through
Despite the coronavirus crisis, many GPs and VC investors are expecting to hold closes in 2020
PE-backed Visma acquires Nmbrs
Norwegian company has acquired 14 businesses in a year
Hg promotes Sanow to partner
Sanow has been involved in the Hg 6, Hg 7, Hg 8, Saturn, Mercury 1 and Mercury 2 fundraisings
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
TA- and Hg-backed Access acquires JMI-backed CoreHR
Alongside JMI Services, US-based private equity firm JMI Equity invested in CoreHR in January 2016
Keensight and Pléiade sell SmartTrade to Hg
GPs invested in the company in 2015 and sold their stakes via an auction process initiated in 2019
Azini Capital sells ClusterSeven to Hg backed-Mitratech
Sale ends a five-year holding period for Azini, which acquired ClusterSeven via its $100m third fund
Hg buys P&I in €2bn deal
GP previously backed the German provider of cloud-based HR software from 2013 to 2016
PE-backed Visma buys Unit4's VerzuimSignaal
Bolt-on will strengthen Visma's position in the absenteeism management market
Hg invests in Argus
Hg has invested in the commodities reporting company through its listed vehicle and its Saturn fund
StepStone launches private markets platform for HNW individuals
Conversus is set to leverage StepStone's expertise across private equity and other private markets