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On 25 March 2025, HgCapital Trust PLC (HgT) announced an additional investment of approximately £124 million in IFS, alongside other institutional clients of Hg. This investment reduces HgT's outstanding commitments to approximately £1.4 billion (55% of its pro-forma 28 February 2025 NAV of £2.5 billion). HgT's pro-forma liquid resources are estimated at £329 million (13% of its pro-forma NAV).
| Date | 25 Mar 2025 |
| Time | 17:26:07 |
| Category | Miscellaneous |
| ID | 1325C |
Hg, the Manager of HgCapital Trust plc ("HgT"), today announces a further investment in IFS, a leading provider of cloud enterprise software and Industrial AI applications.
The terms of the transaction are not disclosed.
HgT will invest approximately an additional £124 million in IFS, with other institutional clients of Hg investing alongside HgT.
HgT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments.
Note that these figures only relate to HgT's share of Hg's overall investment in IFS.
HgT's pro-forma liquid resources available for future deployment (including all announced transactions, the undrawn bank facility and the proposed full year dividend payable in May 2025) are estimated to be £329 million (13% of the pro-forma 28 February 2025 NAV of £2.5 billion).
The investment will reduce HgT's outstanding commitments to invest in Hg transactions to approximately £1.4 billion (55% of the pro-forma 28 February 2025 NAV). HgT will announce its Q1 results in May 2025.
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For further information, please contact:
HgCapital Trust
Laura Dixon and George Crowe
+44 (0)20 8396 0930
Cadarn
Lucy Clark
[email protected]
+44 (0)7984 184 461
David Harris
[email protected]
+44 (0)7368 883 211
Hg
Tom Eckersley
Sam Ferris
About HgCapital Trust plc
HgCapital Trust plc, whose shares are listed on the London Stock Exchange (ticker: HGT.L), gives investors exposure through a liquid vehicle to a portfolio of high-growth private companies in the software and services sector. The selection of new investments and creation of value in these businesses are managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors. For further details, please see www.hgcapitaltrust.com.
The contents of the Hg, HgCapital Trust, IFS, and websites are not incorporated into, and do not form part of, this announcement.