HgCapital Trust Plc

Edison - Uncovering Trusts – HgT (HGT): Strong portfolio trading through the software sell-off

Investment firm HgCapital Trust said on Friday that it has exited from its investment in Intelerad, selling it to GE Healthcare in a deal worth around $2.3bn.

HgCapital sells Intelerad stake to GE Healthcare for $2.3bn

HgCapital Trust confirmed on Monday that it would commit around £17m to a new investment in Payworks, a Canadian provider of human capital management solutions, as part of a wider deal led by private equity manager Hg.

HgCapital committing £17m to investment in Payworks

HgCapital Trust reported a resilient first-half trading performance on Monday, despite headwinds from market volatility and currency movements, with strong growth across its portfolio companies and continued deal activity.

HgCapital reports resilient first half

HgCapital Trust announced a partial exit from its investment in Trackunit, a software-as-a-service (SaaS) and operating data platform provider for the construction industry, on Monday, through a transaction with the private equity arm of Goldman Sachs Alternatives.

HgCapital Trust announces partial exit from Trackunit

HgCapital Trust announced the sale of bookkeeping automation solutions provider Dext Software to accountancy, education management, HR, and payroll specialist Iris Software Group on Tuesday.

HgCapital announces sale of Dext Software

HgCapital Trust, the FTSE 250-listed investor in European and transatlantic software and services businesses, reported a 6.4% increase net asset value (NAV) in the first half, with double-digit revenue and profit growth achieved across its top 20 investments.

HgCapital's top investments drive NAV growth in first half

Allianz Technology Trust Plc

Ascential

Britvic Plc

Clarkson Plc

CMC Markets Plc

Foresight Solar Fund Limited

ICG Enterprise Trust

Network International Holdings

Personal Assets Trust Plc

Polar Capital Technology Trust Plc

Ruffer Investment Co. Ltd.

Senior Plc

TI Fluid Systems

Westward Gold Inc.

Wizz Air Holdings Plc

London's FTSE 250 was 2.3% lower at 20,248.72 in afternoon trade on Monday.

FTSE 250 movers: Wood Group tanks as Sidara walks away; Clarksons down on results

HgT has published its preliminary unaudited H124 trading update, reporting a 5.6% NAV total return (TR) in H124 (of which 3.0% was in Q124). 

HgT: Edison

HgCapital Trust reported a strong first-half performance in its underlying portfolio in an update on Monday, with its estimated net asset value (NAV) per share reaching 524p, representing a total return of 5.6% on an NAV basis.

HgCapital reports solid first-half performance

Private equity firm HgCapital Trust has agreed to sell its stake in European software-as-a-services business F24 to Altona.

HgCapital Trust offloads stake in F24

HgCapital Trust announced an investment in prominent UK essential business technology provider Focus Group on Monday.

HgCapital invests £21.3m into Focus Group

HgCapital Trust (HgT) posted an 11.1% NAV total return in FY23 (based on final audited numbers), which allowed it to sustain strong five- and 10-year returns of 20.4% and 18.4% pa, respectively. 

HgCapital Trust: Edison

London, UK, 16 November 2022. HGT closed £221 m of new investments in Q322. A further £231 m was invested post period-end, though we note that most of it is the refinancing of Access completed in October 2022, which overall resulted in net realisation proceeds of c £84.0 m for HGT.

HgCapital Trust PLC - Edison issues update on HgCapital Trust (HGT)

London, UK, 13 September 2022. It has invested a net amount of c £332 m ytd in announced deals, all in the manager's core areas of software and services expertise. Moreover, HGT should receive net proceeds of c £180 m from exits and refinancings announced so far this year.

RNS Number: 2292 X HgCapital Trust PLC 04 January 2022 4 January 2022. HgCapital Trust plc announces that, as at 31 December 2021, the total issued share capital of the Company consisted of 455,279,808 ordinary shares of 2.5 pence each with voting rights.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United...

HgCapital Trust PLC - Total Voting Rights

RNS Number: 2257 X HgCapital Trust PLC 31 December 2021 HgCapital Trust plc. Legal Entity Identifier: 213800 J7QUJJBEFSIN38. HgCapital Trust plc has issued 500,000 new ordinary shares of 2.5 pence each under its block listing facility at a price of 420 pence per share on 31 December 2021.

HgCapital Trust PLC - Issue of Equity

RNS Number: 9596 V HgCapital Trust PLC 16 December 2021 HgCapital Trust plc. Legal Entity Identifier: 213800 J7QUJJBEFSIN38. HgCapital Trust plc has issued 350,000 new ordinary shares of 2.5 pence each under its block listing facility at a price of 420 pence per share on 16 December 2021.

The Company will realise estimated cash proceeds of approximately £15.2 million on completion of this transaction. This would represent an uplift of £5.4 million or 15 pence per share over the carrying value of £9.7 million in the Net Asset Value of the Company at 31 March 2018.. Based on the 31 March 2018 reported NAV, the pro-forma NAV of the Trust is...

HG Capital Trust PLC - Hg agrees sale of Teufel to Naxicap Partners

RNS Number: 2850 M HgCapital Trust PLC 26 April 2018 TR-1: S tandard form for notification of major holdings.

HgCapital Trust Plc

Edison - Uncovering Trusts – HgT (HGT): Strong portfolio trading through the software sell-off

HgCapital sells Intelerad stake to GE Healthcare for $2.3bn

HgCapital committing £17m to investment in Payworks

HgCapital reports resilient first half

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Financials