Hg agrees sale of Radius to Vistra – HgCapital Trust (HGT) has announced that it has sold one of its investments, Radius to Vistra.
The company will realise estimated cash proceeds of approximately £18.8m on completion of this transaction.
In terms of investment returns, based on the NAV of HgCapital Trust at 31 March 2018, this would represent an uplift of £2.9 million (18%) or 8 pence per share over the carrying value of £15.9m.
Vistra is a corporate service provider of international incorporations, trust, fiduciary and fund administration services. Radius provides tailored solutions for fast growing companies that are looking to expand into international markets. With more than 500 clients operating in 80 countries around the world, Radius eases and enables the process of international expansion by setting up required international entities then integrating a company’s legal, accounting, payroll, tax and human resources services.
HGT : Hg agrees sale of Radius to Vistra