Hg has made an investment in Scopevisio AG, which it describes as a leading innovator in cloud-based business automation. HgCapital Trust (HGT) will invest approximately £4.8m in Scopevisio, alongside other institutional clients of Hg through the Hg Mercury 4 Fund but, otherwise, the terms of the transaction are not disclosed. Hg says that the investment will allow Scopevisio to accelerate its growth in the DACH region and that the transaction will see Hg partner with Dr. Jörg Haas, Scopevisio’s CEO and founder as joint shareholders in the business going forward. Hg has a strong track record of backing software businesses in the ERP and accountancy space, having invested US$28bn over the past 20 years.
HGT says that its liquid resources available for future deployment (including all announced transactions, the undrawn bank facility and the proposed full year dividend payable in May 2025) are estimated to be £372m, equivalent to 15% of the pro-forma 28 February 2025 NAV of £2.5bn, and that the investment in Scopevisio reduces its outstanding commitments to invest in Hg transactions to approximately £1.4bn, equivalent to 57% of the pro-forma 28 February 2025 NAV.
Who is Scopevisio?
The company was founded in 2007 in Bonn, Germany and serves mid-sized companies and business groups, offering what Hg describes as “a highly integrated Holistic Business Automation Platform for Commercial Solutions, with a particular strength in finance and accounting”. Scopevisio’s platform is designed to automate and optimise key commercial functions including finance, sales, procurement, organisation, document management and human resources. The system automates business processes and enhances efficiency through artificial intelligence.
Comments from Dr. Jörg Haas, CEO and founder of Scopevisio
“We’re thrilled to welcome Hg as our partner for Scopevisio’s next growth chapter. Their deep expertise in ERP and accounting software, and experience in scaling cloud businesses, makes them the ideal partner as we look to expand our presence across the DACH region. Together, we’ll accelerate product innovation and drive continued growth, while delivering exceptional value to our loyal customer base.
“With more than 7,500 customers, primarily in the service sector, and over 300 employees across its group of companies, Scopevisio has established itself as an award-winning provider with a best-in-class product and high customer loyalty.”
Comments from Benedikt Joeris, Partner at Hg
“Scopevisio sits right in our sweet spot, as a business with a compelling cloud-based product offering, high customer advocacy scores and strong recurring revenue. The DACH mid-market is picking up speed and embracing modern cloud solutions, creating an opportunity for significant growth potential. We’re excited to partner with the Scopevisio team, to help build on their impressive foundation and continue scaling the business.”
