Hg Capital Trust sells Atlas- Hg Capital Trust (HGT) has agreed to sell Atlas to Mintra Group. Atlas is a specialist Learning Technology Services Business which offers learning solutions to safety critical industries. Atlas has served standard bodies, regulators, and more than 1,700 corporate customers. They have 1,000+ learning courses in 110+ countries and they have helped more than 800,000 people keep safe, develop skills and verify their abilities. Mintra Group is a leading provider of e-learning and HR related solutions. Mintra is portfolio company of the Riverside Company which is a global private equity firm. The terms of the acquisition were not discussed, but the transaction values Hg’s investment into Atlas at around £10.7 million. This represents a increase of £2.9 million over the value that Hg originally reported in their Net Asset Value in 31 October 2018. Hg liquid resources available for future deployment is estimated at £148 million. Hg also has access to an £80 million standby facility, which is currently undrawn.
HGT-Hg Capital Trust sells Atlas