REG - HgCapital Trust PLC - Hg announces investment in Nomadia

HgCapital TrustAnnouncement

20/07/2023 07:00

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RNS Number : 5856G  HgCapital Trust PLC  20 July 2023

 

 

Hg, the Manager of HgCapital Trust plc ("HGT"), today announces an investment
in Nomadia, a leading European SaaS provider of smart mobility solutions.

 

The terms of the transaction are not disclosed.

 

HGT will invest approximately £6 million in Nomadia, with other institutional
clients of Hg investing alongside HGT through the Hg Mercury 3 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 Nomadia.

 

HGT's liquid resources available for future deployment (including all
announced transactions, the undrawn bank facility) are estimated to be £659
million (30% of the pro-forma 31 March 2023 NAV of £2.2 billion).

 

The investment will reduce HGT's outstanding commitments to invest in Hg
transactions to approximately £1.0 billion (47% of the pro-forma 31 March
2023 NAV).

 

HGT will be announcing its interim results to 30 June 2023 on 18 September
2023.

 

Nomadia secures investment from Hg

to help build a European leader in smart mobility and field service management
software

 

Paris, France. 20(th) July 2023. Nomadia, a leading European SaaS provider of
smart mobility solutions, announced that it has secured a majority investment
from Hg, a leading investor in European and transatlantic software and
services businesses. As part of this transaction, the Nomadia management team
and former majority owners will continue as investors in the business.

 

Headquartered in France, Nomadia's mobile applications and SaaS solutions
enable companies to plan and optimize their mobile workers' travel and
activity in real-time. Its solutions address the daily needs of mobile
professionals such as technicians, sales representatives and delivery drivers.
Nomadia delivers tangible ROI to its clients including material productivity
gains and can reduce CO2 emissions by up to 30%. It serves over 2,200 clients
and more than 188,000 users across 28 countries.

 

Fabien Breget, CEO of Nomadia, said: "This investment from Hg is both a
testament of Nomadia's leading position and a recognition of the great work
from our team. We were impressed by Hg's depth of expertise, agility in
execution and partnership mindset. Hg brings a network of talent, significant
financial capital and decades of experience in scaling premium software
businesses. This partnership represents a formidable springboard to accelerate
our development, product innovation and international ambition."

 

Nomadia sits at the core of Hg's experience in ERP & Payroll software,
where it currently has over €7 billion capital at work. Over the past 12
months, Hg has raised over €20 billion additional capital for new
investments and recently opened an office in Paris, France, to further
accelerate its activity in the region.

 

Alexandre Flavier, Partner at Hg, said: "We are delighted to partner with
Fabien and his talented team. We were impressed by the quality of their
products, the strength of their clients' feedback, and the impact of their
mission: to enable mobile workforces to gain productivity while increasing
safety standards and reducing CO2 emissions. We look forward to helping them
build a European champion, accelerating their growth at scale and beyond
borders."

 

Going forward Hg's investment and expertise will be used to support Nomadia's
investment in R&D and product innovation, including in AI, IoT and machine
learning. The company will be able to leverage best practices from the Hg
portfolio, notably in go-to-market, operational excellence, and tech platform
roadmap, and capitalize on access to Hg's deep network of talent. Hg will also
support Nomadia's international growth, both organically and via acquisitions,
to reinforce the business' leadership position in Europe.

 

For further details:

 

Hg

Tom Eckersley
 
+44 (0)208 148 5401

 

HgCapital Trust

Laura
Dixon
+44 (0)20 8396 0930

 

Brunswick

Azadeh
Varzi
+44 (0)207 404 5959

Hg@brunswickgroup.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.

 

The contents of the Hg, HgCapital Trust and Nomadia websites are not
incorporated into, and do not form part of, this announcement.

 

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