News

HgCapital boosts investment in entrepreneurial platform team.blue

220706 team blue hgt

HgCapital boosts investment in entrepreneurial platform team.blue – Hg, the manager of HgCapital (HGT) has announced a further investment in team.blue, a leading digital enabler for companies and entrepreneurs across Europe. The terms of the transaction have not been disclosed and completion is subject to closing conditions.

Following the transaction, HGT will make a net investment of approximately £16.4m in the business, with other institutional clients of Hg investing alongside HGT through the Hg Genesis Funds. This transaction values HGT’s existing investments in team.blue at £51.3m.

The investment will help to supercharge the business and enable team.blue to implement ambitious plans for further expansion in its product offering of online solutions, as well as increase its local presence across more countries in Europe

team.blue has also brought additional capacity and capability into its executive management team by appointing a new CEO, president and executive chair.

Claudio Corbetta, currently deputy CEO, will become CEO of the business while Jonas Dhaenens will become president and Dawn Marriott will be appointed as chair. Working together, the executive team will leverage on decades of industry and sector experience focusing on further enhancing team.blue’s world class operations, executing an ambitious M&A strategy across Europe and developing value creation projects across the group.

Claudio Corbetta said: “At team.blue, we have amazing people across multiple countries, and they are the real reason why millions of businesses choose us. We speak our customers’ languages and understand their cultures and local needs. We use this local connection to customise products and services so we are there for our customers at all times. This strengthening of the team and continued long-term backing of Hg will enable us to continue to achieve this through organic expansion and acquisitions into different regions, whilst also expanding our online solutions.”

HGT : HgCapital boosts investment in entrepreneurial platform team.blue

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…

Exit mobile version