REG - HgCapital Trust PLC - Hg announces further investment in IFS

HgCapital TrustAnnouncement

25/03/2025 17:30

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RNS Number : 1325C  HgCapital Trust PLC  25 March 2025

 

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.

 

-Ends-

 

For further information, please contact:

HgCapital Trust
Laura Dixon and George Crowe

+44 (0)20 8396 0930

 

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, 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 (https://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.

 

 

 

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