Hg uplift on NAV of 17p per share on disposal

Hg uplift on NAV of 17p per share on disposal – Hg Capital Trust (HGT) has announced the disposal of one of its portfolio companies.

Allocate Software, which is an international provider of healthcare workforce management software has been sold to Vista Equity Partners.

Hg will realise estimated cash proceeds of approximately £19.9m on completion of this transaction. This would represent an uplift of £6.4m (47%) or 17 pence per share over the carrying value of £13.6m in the NAV of the company at 31 March 2018.

Allocate Software

Allocate supports the operational and administrative needs of healthcare professionals in all healthcare settings, enabling the delivery of safe and effective care at optimal cost, by helping organisations to have the right people in the right place at the right time.

Hg Capital

Hg Capital is an investment trust listed on the London Stock Exchange. The Trust’s objective is to provide shareholders with long-term capital appreciation in excess of the FTSE All-Share Total Return Index by investing in unquoted companies. Hg Capital provides investors with exposure to a diversified portfolio of private equity investments primarily in the UK and Continental Europe.

HGT : Hg uplift on NAV of 17p per share on disposal