REG - HgCapital Trust PLC - Hg announces an investment in Diamant Software

HgCapital TrustAnnouncement

10/11/2025 10:00

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RNS Number : 7766G  HgCapital Trust PLC  10 November 2025

 

Hg, the Manager of HgCapital Trust plc ("HgT"), today announces an investment
in Diamant Software.

 

The terms of the transaction are not disclosed.

 

HgT will invest approximately £19 million in Diamant Software. HgT invests
alongside other institutional clients of Hg, which is investing from its Hg
Genesis Fund.

 

Note that these figures only relate to HgT's share of Hg's overall investment
in Diamant Software.

 

HgT, whose shares are listed on the London Stock Exchange, gives private and
institutional investors the opportunity to participate in all Hg's
investments.

 

HgT's liquid resources available for future deployment (including all
announced transactions, the interim dividend paid in October 2025, and the
£329 million undrawn balance on the bank facility) are estimated to be £360
million (14% of the pro-forma 30 September 2025 NAV of £2.5 billion).

The investment will reduce HgT's outstanding commitments to invest in Hg
transactions to approximately £1.7 billion (69% of the pro-forma 30 September
2025 NAV).

 

Diamant Software welcomes Hg as a long-term partner

to accelerate innovation, future investment and growth

Bielefeld, Germany - 10(th) November 2025 - Diamant Software GmbH ("Diamant"),
a leading provider of accounting and financial controlling solutions for
mid-sized companies and public-sector organisations in Germany, today
announced a strategic partnership with Hg, the largest software investor in
Europe with over $100 billion in assets under management.

Hg has a 25-year track record of scaling software providers in the tax and
accounting sector and will partner with Diamant's founders, Peter Semmerling
and Jan Semmerling, who will remain significant shareholders in the business.

Together, Hg and the Semmerling founding family will focus on delivering value
for customers and partners, to secure and enhance Diamant's long-term success.
The partnership will accelerate development of Diamant's cloud software in the
age of AI, further enhance customer service, and strengthen the company's
network of sales partners.

Peter Semmerling, Founder of Diamant Software, said: "For 45 years, Diamant
Software has stood for the highest quality, innovation and close partnership
with our customers and employees. With Hg we have found a long-term partner
and true software expert who shares our values and will support us in taking
the next steps in our company's development. Our customers, partners and
employees can rely on continuity, dependability and future-readiness remaining
at the centre of everything we do."

Benedikt Joeris, Partner, Hg, said: "Diamant Software is an excellent example
of a fast-growing German software company with clear technical differentiation
and deep expertise in accounting and financial controlling. We're excited to
support the company and its people through the next phase of growth, and to
invest together in innovation and outstanding customer service - while
preserving Diamant's unique entrepreneurial spirit as the foundation for the
journey ahead."

Terms of the transaction were not disclosed. The transaction is subject to
customary closing conditions.

-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 Diamant Software

Headquartered in Bielefeld and founded in 1980, Diamant Software develops
best-of-breed accounting and controlling software for mid-sized businesses and
public-sector organisations. More than 100,000 users rely on Diamant's
award-winning solutions for accounting, controlling and enterprise management.
With a clear focus on quality, innovation and customer proximity, Diamant
Software is a trusted partner for sustainable business success.

 

About Hg

Hg is the 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
approximately $100 billion in assets under management and more than 400
employees. Our portfolio spans more than 50 companies worth over $180 billion
in aggregate enterprise value, employing more than 125,000 people and
consistently growing revenues at more than 20% annually.

 

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