Hg has entered into an agreement to invest in F24, a pan-European sector leader for emergency notification, crisis & incident management and critical communications, headquartered in Munich, Germany. Hg will invest in a stake currently owned by Armira and co-founder Ralf Meister, and will become the majority shareholder in the business. The executive board, Dr. Jörg Rahmer (spokesperson), Christian Götz (co-founder and executive board member) and Jochen Schütte (executive board member) will remain significantly invested in the business, alongside Hg.
F24 partnered with Armira in 2017 and has since then more than doubled its sales by executing a growth strategy including three acquisitions and integrations. This transaction is said to mark the end of the first phase of F24’s buy-and-build strategy and a trusted cooperation between the two organisations. Following the transaction, the co-founder and chairman of the Supervisory Board, Ralf Meister, will also be leaving the company.
About F24
F24 describes itself as is the leading software-as-a-service (SaaS) provider for alerting and crisis management for sensitive and critical communications in Europe.Its FACT24 solution helps customers all over the world to successfully and efficiently manage incidents, emergencies and critical situations. In addition, its eCall platform offers solutions for the high-volume communication of critical to confidential information in the business environment.
Founded in 2000, F24 AG is headquartered in Munich, Germany, and supports companies and organisations in more than 100 countries around the globe with its subsidiaries in Zurich, London, Trondheim, Paris, Luxembourg-City, Madrid and Munich along with its branches in Mexico City, Santiago de Chile, Brussels, Vienna and Dubai. F24’s customers come from the following sectors: energy, industry, trade, banks & insurance, healthcare & pharmaceuticals, tourism, aviation, logistics & transport, IT & telecommunication and public organisations.
Around 2,500 customers around the world rely on the solutions of F24 to manage their communication requirements as part of the daily communication of critical and confidential information or in the event of a crisis.
HgCapital Trust plc will invest approximately £11 million in F24 through the Mercury 2 Fund. The terms of the transaction are not disclosed.