Hg, the manager of HgCapital Trust has mad an investment in JTL-Software-GmbH (JTL), a leading ERP software provider specialising in e-commerce enablement solutions for small and medium-sized businesses (SMB) across Germany. The terms of the transaction were not disclosed.
Based in Hückelhoven, Germany, and co-founded in 2008 by two brothers, JTL provides ERP software solutions enabling businesses to sell products online and offline. This product suite is the backbone of a merchant’s operations and automates their mission-critical daily workflows, ranging from managing distribution channels, order entry and warehouse management, all the way to fulfillment. Today, JTL serves around 50,000 German SMBs with a vibrant and unique user community and achieves strong customer advocacy and retention rates.
The trust will invest approximately £8.1m in JTL, with other institutional clients of Hg investing alongside HGT through the Hg Mercury 4 Fund. Following this transaction, the trust has liquid resources of about £664m (31% of the pro-forma 31 August 2023 NAV of £2.2bn). The investment reduces the trust’s outstanding commitments to invest in Hg transactions to approximately £1.1bn (49% of the pro-forma 31 August 2023 NAV).
HGT : Hg has bought a stake in JTL