Hg Capital takes stake in EidosMedia

HgCapital, the Manager of HgCapital Trust plc, has announced it will has taken a majority stake in EidosMedia, a leading global provider of digital publishing solutions. The terms of the transaction were not disclosed.

HgCapital Trust plc will invest in EidosMedia, headquartered in Milan, alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund.  The Trust will contribute a total of approximately £8.3m.

The acquisition of the stake in EidosMedia represents the sixth investment by the HgCapital 7 Fund and, following completion, the Fund will be approximately 46% invested.

Based on the 31 October 2015 reported NAV (including all announced transactions) the Trust’s liquid resources available for future deployment are estimated to be £45.6m (10% of the 31 October 2015 NAV, excluding a £40m standby facility). The transaction will reduce the Trust’s outstanding commitments to invest in HgCapital deals to approximately £157m (33% of the 31 October 2015 NAV).

EidosMedia was founded by a development team with two decades of experience in creating successful publishing systems for newspapers and magazines. The aim was to allow publishers to move smoothly into the new world of digital publishing through a platform that would integrate print, web and any other emerging or future channel. That single, universal platform is Méthode, a new-generation digital publishing platform. It allows editors to customize and deliver any kind of content, from text and images to videos, to any destination from mobile and social networks to websites and print media.

HGT : Hg Capital takes stake in EidosMedia