REG - HgCapital Trust PLC - Hg announces an investment in A-LIGN

HgCapital TrustAnnouncement

Tue 12:00

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RNS Number : 0303Q  HgCapital Trust PLC  08 July 2025

 

Hg, the Manager of HgCapital Trust plc ("HgT"), today announces an investment
in A-LIGN, a leading provider of cyber compliance services.

 

The terms of the transaction are not disclosed.

 

HgT will invest approximately £48 million in A-LIGN, with other institutional
clients of Hg investing alongside HgT through the Hg Genesis Fund.

 

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 A-LIGN.

HgT's liquid resources available for future deployment (including all
announced transactions, the undrawn bank facility, and following the dividend
paid 19 May 2025) are estimated to be £412 million (17% of the pro-forma  31
March 2025 NAV of £2.4 billion).

The investment will reduce HgT's outstanding commitments to invest in Hg
transactions to approximately £1.4 billion (57% of the pro-forma 31 March
2025 NAV).

 

A-LIGN announces strategic investment from Hg, a leading software and services
investor, to accelerate its global expansion

 

Partnership with Hg will accelerate A-LIGN's growth trajectory and support its
mission to become the global cyber compliance services champion.

 

TAMPA, FLORIDA, July 8(th) : A-LIGN, a leading provider of technology-enabled
cybersecurity compliance services, today announces that it has secured a
significant strategic investment from Hg, a leading investor in European and
transatlantic software and services businesses. Hg will acquire a majority
stake in the company from Warburg Pincus.

 

The investment comes as organizations face a surge in cyber-attacks, with
AI-powered threats making compliance and security more critical and complex
than ever before. This has increased the demand for sophisticated compliance
partners to navigate this environment and provide assurance to
stakeholders.

 

Headquartered in Tampa, Florida, A-LIGN's cybersecurity compliance audits and
related assessments allow organizations to provide assurances to their
customers that sensitive data is protected, and that mission-critical
operations are conducted with integrity.

 

Since its founding in 2009, A-LIGN has established itself as a category leader
in cybersecurity compliance services, serving over 5,700 clients with audits
and assessments including SOC 2, ISO, HITRUST, FedRAMP, CMMC and PCI
standards.

 

A-LIGN's customer-first approach and extensive use of technology has enabled
the firm to deliver over 50% compounded annual growth over the past 15 years.
A-LIGN's delivery model combines deep domain expertise with proprietary
technology, to deliver superior audit quality, while driving operational
efficiency for its customers.

 

The partnership with Hg will support A-LIGN's ambitious growth plans,
leveraging Hg's extensive network to accelerate its global expansion, and
building on Hg's commitment and expertise in data and AI to drive significant
value for A-LIGN's customers.

 

Scott Price, CEO of A-LIGN, commented: "This new partnership comes at the
perfect time as we enter our next phase of growth. Hg's deep expertise and
track record in scaling tech-enabled services businesses globally, combined
with world-class operational resources, makes them the ideal partner to help
us provide the best possible services to our customers. I'd also like to thank
Warburg Pincus and FTV Capital for their support over the last few years, in
helping us reach this milestone."

 

Hector Guinness and Joris van Gool, Partners at Hg: "Scott and his world-class
team have built an exceptional and truly client-centric business. We have been
particularly impressed by their unwavering commitment to quality, while
leveraging proprietary technology to drive efficiency for their customers.
This combination has created a sustainable source of competitive
differentiation that we believe can extend A-LIGN's growth in new regions,
adjacent service lines, and new customer groups."

 

William Holmes, Principal at Hg, added: "A-LIGN has all the hallmarks of what
Hg looks for in tech-enabled services investments, and we are excited to
support Scott and his world-class team to become the global champion in cyber
compliance services."

 

Brian Chang, Managing Director at Warburg Pincus, said: "It has been a
privilege to support Scott and the talented team at A-LIGN through an
exceptional period of transformative growth, partnering closely with them to
expand the company's service offerings and grow its customer base. A-LIGN is a
strong example of our firm's focus on accelerating the success of innovative
market leaders in cybersecurity and compliance, especially as the number of
cyber-attacks continue to rise and compliance and security needs become more
complex. We wish Scott and the A-LIGN team the best in their next chapter and
look forward to the company's continued success."

 

Jefferies LLC served as lead financial advisor and Guggenheim Securities, LLC
served as financial advisor to A-LIGN and Warburg Pincus.  Cleary Gottlieb
Steen & Hamilton LLP served as legal counsel for A-LIGN and Warburg
Pincus. Harris Williams served as financial advisor to Hg, with Latham &
Watkins serving as Hg's legal counsel.

 

-Ends-

 

For further information, please contact:

HgCapital Trust
Laura Dixon

laura.dixon@hgcapital.com (mailto:laura.dixon@hgcapital.com)

+44 78 2459 2894

 

George Crowe

george.crowe@hgcapital.com (mailto:george.crowe@hgcapital.com)

+44 7774 617 150

 

Cadarn
Lucy Clark
lucy@cadarncapital.com (mailto:lucy@cadarncapital.com)

+44 (0)7984 184 461

 

David Harris
david@cadarncapital.com (mailto:david@cadarncapital.com)

+44 (0)7368 883 211

 

Hg
Tom Eckersley

tom.eckersley@hgcapital.com (mailto:tom.eckersley@hgcapital.com)

 

Sam Ferris

sam.ferris@hgcapital.com (mailto:sam.ferris@hgcapital.com)

 

About HgCapital Trust plc

HgCapital Trust plc is an investment company whose shares are listed on the
London Stock Exchange (HGT.L). HGT gives investors exposure, through a liquid
vehicle, to a portfolio of high-growth unquoted companies, 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, see www.hgcapitaltrust.com
(http://www.hgcapitaltrust.com) and www.hgcapital.com
(http://www.hgcapital.com)

 

About A-LIGN

A-LIGN is the leading cybersecurity compliance partner, trusted by over 5,700
organizations worldwide to navigate the complexities of compliance, audit, and
risk.

 

With a tech-enabled delivery model and deep domain expertise, A-LIGN has
completed more than 31,000 audits. It is the #1 issuer of SOC 2 reports and a
top three FedRAMP assessor. Founded in 2009, A-LIGN delivers high-quality,
efficient audits across frameworks including SOC 2, ISO 27001, FedRAMP, CMMC,
ISO 42001, PCI, and HITRUST. To learn more, visit: https://www.a-lign.com
(https://url.uk.m.mimecastprotect.com/s/oJaLC2ko9c40Z0tnfZi53dHO?domain=a-lign.com)
.

 

About Hg

Hg is a leading investor in European and transatlantic software and services
businesses. We help to build sector-leading enterprises that supply critical
software applications or workflow services to deliver intelligent automation
for their customers.

 

We take an active approach to value creation, combining deep end-market
knowledge with world class operational resources to provide compelling support
to entrepreneurial leaders looking to scale enduring businesses.

 

With a vast European network and strong presence across North America, Hg has
more than $85 billion in assets under management and more than 400 employees.
Our portfolio spans more than 50 companies worth over $160 billion in
aggregate enterprise value, employing more than 126,000 people and
consistently growing revenues at more than 20% annually.

 

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