Hg Capital : HGT

Research History

• 06 Apr 2023 82 min read

  QuotedData’s Economic and Political Monthly Roundup April 2023

  Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]

• 07 Apr 2020 5 min read

  QuotedData’s Economic Roundup – April 2020

  Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 07 Oct 2019 5 min read

  QuotedData’s investment companies roundup – October 2019

  Investment Companies Roundup Kindly sponsored by Baillie Gifford  New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September.  In […]

• 05 Jul 2019 3 min read

  QuotedData’s investment companies roundup – July 2019

  Investment Companies Roundup  New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and  Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – there was a greater appetite for risk in June as […]

• 07 Jun 2019 3 min read

  QuotedData’s investment companies roundup – June 2019

  Investment Companies Roundup  New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – it was notable that risk appetite was down in May as renewed […]

• 08 May 2019 3 min read

  QuotedData’s investment companies roundup – May 2019

  Investment Companies Roundup  New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.  In this issue Performance data – it was […]

• 16 Oct 2018 2 min read

  Quarterly Investment Companies Roundup – Third Quarter 2018

  Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018.  This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]

• 12 Oct 2018 1 min read

  QuotedData’s investment companies roundup – October 2018

  QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]

• 14 Sep 2018 1 min read

  QuotedData’s investment companies roundup – September 2018

  QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]

• 18 Jul 2018 2 min read

  Quarterly Investment Companies Roundup – Second Quarter 2018

  QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]

• 11 Jul 2018 1 min read

  QuotedData’s investment companies roundup – July 2018

  QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]

• 11 Jun 2018 1 min read

  QuotedData’s investment companies roundup – June 2018

  QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]

• 11 May 2018 1 min read

  QuotedData’s investment companies roundup – May 2018

  QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]

• 25 Apr 2018 1 min read

  Quarterly investment companies roundup – First quarter 2018

  Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]

• 18 Apr 2018 1 min read

  QuotedData’s investment companies roundup – April 2018

  QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]

• 07 Feb 2018 2 min read

  QuotedData investment companies roundup – February 2018

  QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]

• 11 Dec 2017 2 min read

  QuotedData investment companies roundup – December 2017

  QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]

• 19 Oct 2017 1 min read

  Quarterly investment companies roundup – Third quarter 2017

  Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]

• 14 Sep 2017 1 min read

  QuotedData investment companies roundup – September 2017

      QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]

• 12 Jul 2017 2 min read

  QuotedData investment companies roundup – July 2017

  QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]

• 16 May 2017 2 min read

  QuotedData investment companies roundup – May 2017

  QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]

• 10 Apr 2017 1 min read

  QuotedData’s round up of views on the global economy – April 2017

  A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]

• 14 Feb 2017 1 min read

  QuotedData investment companies roundup – February 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup

• 07 Dec 2016 1 min read

  QuotedData investment companies roundup – December 2016

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup

• 27 Oct 2016 1 min read

  Quarterly investment companies roundup – Third quarter 2016

  Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup

• 13 Oct 2016 1 min read

  QuotedData investment companies roundup – October 2016

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup

News

• 29 Nov 2024 1 min read

  QuotedData’s Investors’ Choice: The results are in!

  If you missed the announcement that followed today’s quarterly panel show, here are the winners of our inaugural QuotedData’s Investors’ Choice Awards Many thousands of you visited our dedicated Awards website. One lucky voter won the £5,000 prize for correctly predicting all the winners. A big thank you to our sponsors: Cazenove Capital and Stonehage […]

• 22 Nov 2024 2 min read

  HgCapital invests £11.7m in Empyrean Solutions

  HgCapital Trust (HGT) says that it will invest approximately £11.7m in Empyrean Solutions, which it describes as a leading provider of risk and performance management software for financial institutions, alongside other institutional clients of Hg investing through the Hg Mercury 4 Fund. Hg says that the transaction follows a period of rapid growth and scaling, […]

• 19 Nov 2024 1 min read

  QuotedData’s morning briefing 19 November 2024 – HGT, RKW, EDIN

  In QuotedData’s morning briefing 19 November 2024: HgCapital Trust (HGT) announced a recapitalisation of portfolio company Septeo Group, the terms of which have not been disclosed. The transaction values HGT’s investment in Septeo at approximately £130.0m This would represent an uplift of £5.9m (5% or 1.3 pence per share) over the carrying value of £124.1m […]

• 16 Sep 2024 3 min read

  QuotedData’s morning briefing 16 September 2024 – JLEN, ORIT, HGT, BHMG

  In QuotedData’s morning briefing 16 September 2024: Edward Warner, Chair of JLEN Environmental Assets, has purchased 15,000 JLEN shares at 95.46p per share, taking his holding to 75,000 JLEN shares. Octopus Renewables Infrastructure (ORIT) has published its interim results for the six months ended 30 June 2024. During the period, ORIT provided an NAV total […]

• 05 Sep 2024 1 min read

  QuotedData’s morning briefing 5 September 2024 – BPCR, INPP, FP, HGT, BGUK, BCPT

  In QuotedData’s morning briefing 5 September 2024: BioPharma Credit (BPCR) says it provided $132.925m of funding to Collegium Pharmaceutical to help fund its acquisition of Ironshore Therapeutics. BioPharma Credit already had exposure to Collegium through a $160.4m term loan. BioPharma Credit’s loans are part of a $645.8m senior secured loan funding package that was put […]

• 02 Aug 2024 2 min read

  Hg invests in CTAIMA and e-coordina

  HgCapital Trust (HGT) has announced that its manager, Hg, has made an investment in CTAIMA and e-coordina. HGT will invest approximately £11.5m in the deal, alongside other institutional clients of Hg, through the Hg Mercury 4 Fund. HGT said that the combination of CTAIMA and e-coordina will create a leading Iberian contractor management, risk and […]

• 10 Jul 2024 1 min read

  Hg Capital sells stake in team.blue

  HG Capital says that it has agreed to sell a stake in team.blue to the Canada Pension Plan Investment Board. The deal vales team.blue at €4.8bn, making it one of the largest privately-owned technology companies in Europe. Hg describes team.blue as Europe’s leading digital enabler for entrepreneurs and small and medium sized businesses, serving 3.3m […]

• 08 Jul 2024 2 min read

  QuotedData’s morning briefing 8 July 2024 – HGT, DORE

  In QuotedData’s morning briefing 8 July 2024: Hg, the manager of HgCapital Trust (HGT) has agreed the sale of its remaining investment in TeamSystem, to funds advised by Hellman & Friedman LLC (H&F). TeamSystem is a leading provider of business software solutions to businesses and accountants in Italy, Spain and Turkey. Hg first invested in […]

• 01 Jul 2024 2 min read

  QuotedData’s morning briefing 1 July 2024 – HGT, CORD, BPCR, PINT, APAX, MHN

  In QuotedData’s morning briefing 1 July 2024: HG Capital Trust (HGT) has agreed to the sale of F24, a leading European software-as-a-service provider for Business Resilience solutions. The terms of the transaction have not been disclosed and completion is subject to closing conditions. However the transaction will value HGT’s investment in F24 at c.£18.4m. This would […]

• 24 May 2024 1 min read

  HgCapital’s manager acquires AuditBoard

  HgCapital Trust (HGT) has announced that its manager Hg has acquired AuditBoard, which it describes as a leading connected risk platform transforming audit, risk, compliance and ESG management, in a transaction that values AuditBoard at over US$3bn. HGT will invest approximately £87.2m in AuditBoard, with other institutional clients of Hg investing alongside HGT through the […]

• 15 Apr 2024 1 min read

  QuotedData’s morning briefing 15 April 2024 – HGT, SEED, CLI, GPE

  In QuotedData’s morning briefing 15 April 2024: Hg Capital Trust (HGT) has announced a £21.3m investment into Focus Group, alongside other clients of Hg. Focus Group is one of the UK’s leading providers of essential business technology to small and medium enterprises (SMEs). Hg believes that the long-term trends in small business technology adoption mean […]

• 11 Mar 2024 2 min read

  HGT’s double-digit returns take its size to £2bn

  HgCapital Trust (HGT) released its annual results for the 12 months ending 31 December 2023. HGT reported NAV returns of 11.1% over the year, ending with a NAV per share of 500.4p, and total net assets of £2.3m. HGT also reported a share price total return of 26.2%, with its market cap hitting the £2.0bn […]

• 04 Mar 2024 1 min read

  QuotedData’s morning briefing 4 March 2024 – HGT, PEY, MPO

  In QuotedData’s morning briefing 4 March 2024: Princess Private Equity Holding (PEY) announced its NAV performance for January, increasing 0.8% to €14.27 per share, equivalent to a total NAV of EUR 986.7m. Currency movements contributed 0.9%, while value creation added 0.2%. HgCapital Trust (HGT) has announced an investment in Induver and Clover, two leading independent […]

• 05 Feb 2024 2 min read

  QuotedData’s morning briefing 5 February 2024 – CVCE, INOV, PEY, GSF, HGT, SEIT

  In QuotedData’s morning briefing for 5 February 2024: CVC Income & Growth (CVCE) has announced an increase in its annual dividend targets, increased to 8.25p per ordinary sterling share and 7.25c per ordinary euro share. This means that CVCE’s quarterly dividends will be increased to 2.0625p per sterling share and 1.8125c per euro share. Schroders […]

• 02 Feb 2024 4 min read

  QuotedData’s morning briefing 2 February 2024 – AGA, GRID, HGT, BCPT, RGL, GCP, SHIP, GABI, VEIL, CGL

  In QuotedData’s morning briefing 2 February 2024: On 1 February 2024, Apax XI Fund announced that it had closed the acquisition of WGSN, a consumer trend forecaster, from Ascential Plc. Apax Global Alpha (AGA), which is a limited partner in Apax XI, says that it has invested approximately €21.5m in WGSN on a look-through basis […]

• 22 Jan 2024 1 min read

  QuotedData’s morning briefing 22 January 2024 – HGT, CREI, WHR

  In QuotedData’s morning briefing 22 January 2024: HgCapital Trust (HGT) has announced that it has sold its entire stake in Argus Media, a leading independent provider of intelligence to the global energy and commodity markets. HGT will sell its shareholding to Argus’s current CEO Adrian Binks, and General Atlantic, a major minority shareholder. The transaction […]

• 11 Dec 2023 1 min read

  QuotedData’s morning briefing 11 December 2023 – SYNC, TMI, UKW, HGT, LXI, DNA2

  In QuotedData’s morning briefing for 11 December 2023: Syncona (SYNC) has provided an update on the clinical study of its portfolio company, Autolus Therapeutics. The results have indicated the strong safety profile of the drug and importantly show a durable response for patients. Taylor Maritime Investments (TMI) has released its half year results for the […]

• 08 Nov 2023 1 min read

  QuotedData’s morning briefing 8 November 2023 – HGT

  In QuotedData’s morning briefing 8 November 2023: HgCapital Trust (HGT) announced its results for the three months ended September 30 2023. The company saw a total NAV increase of 4.8% to £2.3 billion. Share price total return was 5.4%, well ahead of its benchmark FTSE All-Share Total Return Index which returned 1.76%. The company also […]

• 12 Oct 2023 1 min read

  Hg has bought a stake in JTL

  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 […]

• 05 Sep 2023 1 min read

  QuotedData’s morning briefing 5 September 2023 – CLDN, BOOK, RTW, HGT

  In QuotedData’s morning briefing for 5 September: Caledonia Investments (CLDN) announced that it has agreed terms for the sale of its majority stake in Seven Investment Management , a vertically integrated retail wealth management business, to Ontario Teachers’ Pension Plan Board, a global investor with approximately C$250 billion in net assets. Caledonia is expected to […]

• 17 Aug 2023 1 min read

  Hg agrees partial sale of TeamSystem

  Hg, the manager of HgCapital Trust has agreed to sell part of its investment in TeamSystem, a leading provider of business software solutions to businesses and accountants in Italy and Spain. As part of the transaction, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and CapitalG, Alphabet’s independent growth fund, have entered […]

• 20 Jul 2023 1 min read

  Hg backs Nomadia

  Nomadia, a leading European SaaS provider of smart mobility solutions, announced that it has secured a majority investment from Hg. As part of this transaction, the Nomadia management team and former majority owners will continue as investors in the business. Headquartered in France, Nomadia’s mobile applications and SaaS solutions enable companies to plan and optimise […]

• 19 Jun 2023 1 min read

  QuotedData’s morning briefing 19 June 2023

  In QuotedData’s morning briefing for 19 June 2023: Hg Capital Trust (HGT) has announced that it has agreed to a part realisation of its investment in Azets Group, a leading provider of business-critical accounting, tax, payroll, audit and advisory services to SMEs. Azets was formed by Hg six years ago. The counterparty to this sale […]

• 14 Mar 2023 2 min read

  More SVB updates – fortunately not too serious

  A number of funds made comments on the fallout from the collapse of Silicon Valley Bank and Signature – as far as we can tell, there is nothing earth-shattering here. HarbourVest may be worrst-affected. Although as the managers of Polar Capital Global Financials Trust suggest, this episode may not be quite over yet. NB Private […]

• 13 Mar 2023 2 min read

  HGT’s NAV growth remains strong despite tech headwinds

  HgCapital Trust (HGT) has reported its annual results for the year ending 31 December 2022. Over the 12 month period HGT reported a NAV total return of 5.4%, though it also reported a share price total return of -15.1%. £527m was invested alongside Hg, the managing firm, including seven new portfolio companies. £404m returned to […]

• 13 Dec 2022 1 min read

  QuotedData’s morning briefing 13 December 2022

  In QuotedData’s morning briefing 13 December 2022: HgCapital Trust (HGT) is selling its stake in Transporeon, a leading cloud-based logistics and transportation management software platform, to Trimble as part of a transaction that values the whole of that business at an enterprise value of €1.88bn. The trust’s share of the proceeds is about £107.8m. The […]

• 05 Oct 2022 1 min read

  HgCapital holdings Ideagen and ProcessMap to merge

  Hg, the Manager of HgCapital Trust, has announced that its investee company Ideagen, a trusted name in software solutions for regulated industries, andfellow investee company ProcessMAP, a leading Environmental, Health and Safety software platform provider are to be merged and Hg will remain as majority investor in the combined business. The transaction is expected to […]

• 04 Oct 2022 1 min read

  HgCapital backs TrustQuay

  Hg has become a majority investor in TrustQuay, a leading technology provider to the global trust, corporate and fund services industry. TrustQuay provides entity management, client accounting, practice management, compliance and workflow software for trust, fund and corporate service providers around the world. Over its next phase of growth, TrustQuay is aiming to scale its business […]

• 12 Sep 2022 3 min read

  QuotedData’s morning briefing 12 September 2022

  In QuotedData’s morning briefing 12 September 2022: HgCapital (HGT) has posted its interim results for the six months ended 30 June 2022. During that time, the NAV increased by 1.8% though its share price fell by 20.5%. This compares with its benchmark which also fell by 4.6%. The trust has declared an interim dividend of […]

• 06 Jul 2022 1 min read

  HgCapital boosts investment in entrepreneurial platform team.blue

  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 […]

• 29 Jun 2022 2 min read

  QuotedData’s morning briefing 29 June 2022

  In QuotedData’s morning briefing 29 June 2022: Tufton Oceanic Assets (SHIP) has applied to introduce an additional market quote for its shares on the London Stock Exchange denominated in GBP Sterling, which will appear alongside the existing US Dollar market quote. There will be no changes to the legal form or nature of SHIP’s shares […]

• 14 Jun 2022 1 min read

  Hg sells MEDIFOX DAN

  Hg is selling MEDIFOX DAN, a leading provider of digital solutions for the German care and therapy sectors, to ResMed, a global leader in cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, in a transaction valuing the business at an enterprise value of around $1bn. This transaction values HgCapital Trust’s investment in MEDIFOX DAN […]

• 10 Jun 2022 1 min read

  HgCapital investing in TigerRisk Partners

  HgCapital Trust (HGT) has announced an investment in TigerRisk Partners, alongside other institutional clients of its manager, through the Hg Saturn 2 Fund. HGT’s manager, Hg, describes TigerRisk as a leading risk, capital and strategic advisor to the global insurance and reinsurance industry. TigerRisk is being acquired by Howden Group Holdings. HGT announced its original […]

• 08 Jun 2022 1 min read

  HgCapital boosts holding in The Access Group

  HgCapital boosts holding in The Access Group – HgCapital (HGT) has provided further investment to The Access Group, a leading provider of business management software to mid-market organisations in the UK, Ireland and Asia Pacific. Together with TA Associates, the company invested an associated enterprise value of £9.2bn, believed to make Access one of the […]

• 18 May 2022 1 min read

  QuotedData’s morning briefing 18 May 2022

  In QuotedData’s morning briefing 18 May 2022: Riverstone Energy (RSE) has led a investment round in Infinitum Electric, creator of the breakthrough air-core motor. Infinitum Electric will use the investment to vertically integrate and automate production of its motors for the commercial and industrial market segments, and complete development and commercialisation of a traction motor […]

• 12 Apr 2022 1 min read

  Hg backs LucaNet

  LucaNet AG has agreed a strategic investment from Hg. It hopes that this marks a key milestone in its ambition to become a global leader in corporate performance management software. Hg is taking a majority stake in the business. Existing shareholders Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon will maintain a substantial minority share. Mr. […]

• 07 Mar 2022 2 min read

  HgCapital achieves record performance over 2021

  HgCapital achieves record performance over 2021 – HgCapital Trust (HGT) has published its annual results for the year ended 31 December 2021. During the period, the trust achieved strong portfolio performance with a total return NAV increase of 44% to a record high of £4.40 and net assets of more than £2bn. Its share price return […]

• 24 Jan 2022 2 min read

  QuotedData’s morning briefing 24 January 2022

  In QuotedData’s morning briefing 24 January 2022 Digital 9 Infrastructure (DGI9) will hold a general meeting on 14 February to ask shareholders to consider, and if thought fit, approve the amendment to the company’s investment policy. It is proposed that the existing policy is amended, inter alia, by replacing the size restriction and change the […]

• 06 Jan 2022 1 min read

  Hg backs ProcessMAP Corporation

  ProcessMAP Corporation is an environmental, health and safety (EHS) software platform provider. Hg, the firm behind Hg Capital Trust has agreed to make a significant investment in the business with the aim of accelerating ProcessMAP’s growth and expansion, and help solidify the company’s position as a global leader in the EHS software sector. HgCapital Trust […]

• 10 Dec 2021 2 min read

  HgCapital invest in Pirum Systems

  HgCapital Trust’s (HGT’s) manager Hg has made an investment in Pirum Systems, which HGT describes as “a leading provider of post-trade automation and collateral management technology for the global securities finance industry”. Although the terms of the transaction are not disclosed, HGT is investing approximately £9.4m in Pirum Systems, alongside other institutional clients of Hg […]

• 17 Sep 2021 2 min read

  QD view – private equity – silly cheap

  As we discussed in Friday’s news show, it has been a good week for private equity investors. Hg Capital said it had sold its investment in supply chain management software company Achilles at a 20% premium to its last valuation, adding 0.9% to NAV. Apax Global Alpha announced an 89% uplift in the value of […]

• 16 Sep 2021 3 min read

  QuotedData’s morning briefing 16 September 2021

  In QuotedData’s morning briefing 16 September 2021: GCP Asset Backed Income says that on 15 September 2021 certain entities within what it terms “the Co-living Group” were placed into administration. We highlighted the fund’s problems with this loan on Monday. GCP Asset Backed Income, its co-lenders and an operator have formed a syndicate to fund […]

• 14 Sep 2021 1 min read

  Hg backs HHAeXchange

  HgCapital Trust plans to invest about £24m into HHAeXchange (HHAX), a provider of homecare management solutions for payers, providers, and state Medicaid agencies. Hg is investing alongside other institutional clients of Hg through the Hg Genesis 9 Fund. Cressey & Company LP, a healthcare-focused private investment firm which first partnered with HHAX in 2018, will […]

• 06 Sep 2021 3 min read

  QuotedData’s morning briefing 6 September 2021

  In QuotedData’s morning briefing 6 September 2021: Late on Friday Custodian REIT (CREI) and Drum Income Plus REIT (DRIP) announced they had reached agreement on a recommended all-share acquisition of DRIP by CREI. DRIP shareholders will be entitled to 0.53 new CREI shares for each DRIP share, which values DRIP at £21.4m based on the closing […]

• 26 Aug 2021 2 min read

  QuotedData’s morning briefing 26 August 2021

  In QuotedData’s morning briefing 26 August 2021: Stenprop (STP) has acquired Whitacre Industrial Park in Huddersfield and a portfolio of five MLI estates (the Duke Portfolio) across the UK, for a total consideration of £15.m. The combined purchase price reflects a net initial yield of 7.2% and a capital value of £64 per sq ft. Following these […]

• 13 Jul 2021 1 min read

  Hg Capital backs insightsoftware

  Hg Capital backs insightsoftware, which describes itself as a global provider of enterprise software solutions for the ‘Office of the CFO’. The Hg Saturn 2 Fund will make a c.$1bn equity investment in insightsoftware to become a significant minority shareholder alongside TA Associates. The transaction values the business at an enterprise value of around $4bn. […]

• 28 Jun 2021 1 min read

  HgCapital Trust’s manager agrees sale of Allocate

  Hg, the manager of HgCapital Trust (HGT), announced that it has agreed the sale of Allocate, a leading workforce and people management software-as-a-service (SaaS) provider to healthcare and government organisations, to RLDatix, a global provider of intelligent patient safety solutions. The terms of the transaction have not been disclosed and completion is subject to closing conditions. […]

• 13 May 2021 1 min read

  QuotedData’s morning briefing 13 May 2021

  In QuotedData’s morning briefing 13 May 2021: Hipgnosis Songs Fund has announced the acquisition of a music catalogue from award-winning producer, Andy Wallace, who has collaborated with Nirvana, Paul McCartney, Coldplay, Foo Fighters and many more. The catalogue contains 17,242 songs which brought in a revenue of $874,000 in 2020 alone. JLEN Environmental Assets Group has […]

• 16 Apr 2021 2 min read

  Hg Capital invests in Auvesy

  The Manager of HgCapital Trust, HgCapital, has announced that it has made an investment in AUVESY GmbH, which it describes as a leading global provider of version control and change management software solutions for automated industrial environments. As is customary, the terms of the transaction have not been disclosed and the transaction is subject to […]

• 13 Apr 2021 2 min read

  QuotedData’s morning briefing 13 April 2021

  In QuotedData’s morning briefing 13 April 2021: Augmentum Fintech (AUGM) has sold its holding in Dext (formerly Receiptbank). The UK-headquartered digital bookkeeping platform is being acquired by Hg (HGT) for £10.5m. The investment was valued at cost (£7.5m) and made Augmentum an IRR of 30.5%. Separately, Augmentum has made a further follow on equity investment of €2m […]

• 24 Mar 2021 2 min read

  QuotedData’s morning briefing 24 March 2021

  In QuotedData’s morning briefing 24 March 2021 – BMO Private Equity (BPET) announced that the software company, Dotmatics, in which it has a holding, has entered an agreement for its sale to US-based company Insightful Science. The transaction is expected to complete early in Q2. The investment is led by Scotland based growth equity investor […]

• 15 Mar 2021 2 min read

  HgCapital Trust has a bumper year

  HgCapital Trust (HGT) serves as a listed vehicle providing access to the unquoted businesses managed by Hg, described as Europe’s largest investor in software & service businesses. HGT reported annual results this morning, covering the period to 28 February 2021. Net assets close the financial year at closed to £1.3bn, with HGT noting that it […]

• 26 Feb 2021 3 min read

  QD view – the rewards of truly patient capital

  One of this week’s highlights was Herald’s (HRI’s) annual results for the year ended 31 December 2020. The performance numbers are impressive, a 37% return on NAV and a 51% return for shareholders, helped by some discount narrowing. Herald also celebrated another milestone, you may remember that back in 2017, we published a note – […]

• 19 Jan 2021 2 min read

  QuotedData’s morning briefing 19 January 2021

  In QuotedData’s morning briefing 19 January 2021; Hg has held a minority position in TeamSystem since 2015, following its majority exit to a vehicle indirectly held by Hellman & Friedman Capital Partners VII, L.P. A transaction has recently been agreed to transfer TeamSystem to a vehicle indirectly held by Hellman & Friedman Capital Partners IX, L.P. As […]

• 07 Jan 2021 1 min read

  QuotedData’s morning briefing 7 January 2021

  In QuotedData’s morning briefing 7 January 2021, as the Democrats win control of the Senate and the US Capitol building is invaded, the news in the investment companies industry is a bit more mundane: Hipgnosis Songs has entered into an agreement with a syndicated group of lenders, with JPMorgan Chase Bank as lead arranger, to increase its […]

• 06 Jan 2021 1 min read

  QuotedData’s morning briefing 6 January 2021

  In QuotedData’s morning briefing 6 January 2021 – Middlefield Canadian Income (MCT) noted that one of its recently acquired holdings, Brookfield Property Partners, is to be taken private in a US$5.9bn deal for the remaining 40% stake not owned by Brookfield Asset Management and a group of investors Hg Capital Trust (HGT) is to invest around £15.7m in […]

• 18 Dec 2020 2 min read

  HgCapital Trust announces an investment in Geomatikk Group

  HgCapital Trust (HGT), has announced that it has, alongside other institutional clients of Hg, made an investment in Geomatikk Group, which it describes as a tech-enabled services champion, managing critical ‘check-before-you-dig’ safety assessments to network owners, contractors and consulting engineers within Norway, Sweden and Finland. Hg says that it will support Geomatikk with its extensive […]

• 03 Dec 2020 1 min read

  Hg invests in Benevity

  Hg invests in Benevity – Hg, the manager of HgCapital Trust has announced an investment in Benevity, Inc., a global leader in global corporate purpose cloud software. The terms of the transaction were not disclosed and closing of the transaction is subject to regulatory approvals which are expected in January 2021. HgCapital Trust will invest approximately £27.3m, […]

• 19 Nov 2020 1 min read

  Hg invests in Septeo

  Hg invests in Septeo – Hg has announced an investment in The Septeo Group, a European leader in LegalTech. Hg will invest alongside founders Philippe Rivière, Jean-Luc Boixel, Hugues Galambrun and the management team, which will continue to be led by Hugues Galambrun. The terms of the transaction were not disclosed and closing of the transaction […]

• 09 Nov 2020 2 min read

  QuotedData’s morning briefing 9 November 2020

  In QuotedData’s morning briefing 9 November 2020 – Tufton Oceanic Assets (SHIP) has agreed to divest one Suezmax Tanker for $19m. The divestment will reduce the company’s fleet from nineteen to eighteen vessels. SHIP says that the realised yield and internal rate of return (IRR) will greatly exceed the targets expressed in its prospectus. This will be the […]

• 06 Nov 2020 1 min read

  Hg sells Eucon

  Hg sells Eucon – the manager of HgCapital Trust has agreed the sale of Eucon Group to VHV Group, a leading insurance group in Germany. The terms of the transaction were not disclosed. The transaction is subject to customary anti-trust approvals and closing is expected later this year. This transaction values HGT’s investment in Eucon at approximately […]

• 02 Nov 2020 2 min read

  QuotedData’s morning briefing 2 November 2020

  In QuotedData’s morning briefing 2 November 2020 – Downing Strategic Micro-Cap (DSM) reported interim results for the six months ended 31 August 2020. The NAV increased by 22.5% from the March 2020 low-point, but was down 5.5% over the period, on a per-share basis. Chairman, Hugh Aldous, noted the following: “I said in May that we […]

• 08 Oct 2020 1 min read

  QuotedData’s morning briefing 8 October 2020

  In QuotedData’s morning briefing 8 October 2020: Schroder UK Public Private Trust (formerly Woodford Patient Capital) acknowledges the potential uplift to its NAV to come from the merger of Seedrs and Crowdcube. Like Augmentum, Schroder UK Public Private is an investor in Seedrs. Hg Capital Trust has secured a £200m multicurrency revolving credit facility. this boosts available […]

• 23 Sep 2020 1 min read

  QuotedData’s morning briefing 23 September 2020

  In QuotedData’s morning briefing 23 September 2020 – Hg, the Manager of HgCapital Trust (HGT) announced the sale of A-Plan Group, one of the UK’s largest specialist insurance intermediaries, to Howden. The deal is subject to regulatory approval. This transaction values HGT’s current investment in APG at £21.5m. This would represent an uplift of £3.2m (18%) over […]

• 14 Sep 2020 1 min read

  Partial sale of Visma among highlights from HgCapital Trust’s interims

  HgCapital Trust (HGT), which provides exposure to Hg, Europe’s largest investor in software & service businesses, has this morning reported interim results to 30 June 2020, with NAV and share price total returns coming in at (7.3%). The portfolio ended the period valued at a multiple of  20.6x EV/EBITDA. Over £250m returned to HGT Over £250m was […]

• 21 Aug 2020 1 min read

  QuotedData’s weekly news show 21 August 2020

  Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered: Princess Private Equity’s dividend cut, Hg Capital’s recent deal-making (including the largest ever software buyout) and comments from BMO Private Equity’s recent results. We also have a comment on Secured Income […]

• 2 min read

  Hg adds to Visma investment, valuing it as the largest ever software buyout globally

  Hg adds to Visma investment, valuing it as the largest ever software buyout globally – It has been announced this morning that Hg, the manager of HgCapital Trust (HGT), and its investors have agreed to a further investment in Visma, a leading provider of business-critical software to private and public enterprises in the Nordic, Benelux and […]

• 20 Aug 2020 2 min read

  Hg investing more in Sovos

  Hg investing more in Sovos – Global tax software provider Sovos says that Hg – a leading global software investor, partner and supporter of the expansion of Sovos for more than four years – will lead a further, majority investment in the company through the Hg Saturn 2 Fund (through which Hg Capital trust will be […]

• 1 min read

  QuotedData’s morning briefing 20 August 2020

  In QuotedData’s morning briefing 20 August 2020: Great Portland Estates is issuing £150m of new unsecured US private placement notes. The Sterling denominated notes cover 12 year and 15 year maturities (weighted average of 14.5 years) and have a weighted average fixed rate coupon of 2.77%. The new issue priced on 5 August and, subject to […]

• 03 Aug 2020 1 min read

  HgCapital Trust’s manager becomes majority shareholder in Evaluate

  Private equity sector company, HgCapital Trust (HGT), has indirectly invested a further £8.1m in Evaluate alongside other institutional clients of its manager, Hg. Hg is a leading European software investor ‘A leading provider of commercial intelligence and predictive analytics to the pharmaceutical industry’ Evaluate is described as a leading provider of commercial intelligence and predictive analytics to […]

• 07 Jul 2020 1 min read

  Hg invests in F24

  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. […]

• 11 May 2020 2 min read

  QuotedData’s morning briefing 11 May 2020

  Lockdowns are beginning to ease across Europe. Along with this, news over the weekend that China would lower real lending rates, has pushed stocks higher this morning. In a quarterly update to 31 March, private equity sector company, HgCapital Trust (HGT), delivered a total NAV return of (6.2%). In it’s outlook statement, HGT noted: “We […]

• 09 Mar 2020 1 min read

  HgCapital reports on excellent year

  HgCapital (HGT) had an excellent 2019 with its NAV and shares increasing by 20.8% and 47.5% (both total return) over the year to 31 December 2019. HGT noted revenue and EBITDA growth of 24% and 35% across the top 20 investments (92% of the portfolio) over the last twelve months. £117m of cash was returned to HGT […]

• 07 Feb 2020 1 min read

  Hg Capital investment in smartTrade Technologies

  Hg Capital investment in smartTrade Technologies – HgCapital Trust will invest approximately £17.5m in smartTrade Technologies, with other institutional clients of Hg investing alongside through the Hg Mercury 2 Fund. The investment will reduce the company’s outstanding commitments to invest in Hg transactions to approximately £233m. We’ll get more news about the trust’s finances when it releases […]

• 23 Dec 2019 2 min read

  Hg invests in Personal & Informatik

  Hg, the Manager of HgCapital Trust plc (HGT) has announced that it has made an investment in Personal & Informatik AG (P&I), which it has acquired funds advised by Permira for an enterprise value of €2 billion. While the terms of the transaction have not been disclosed, HgCapital Trust plc will invest approximately £37.7 million […]

• 11 Nov 2019 2 min read

  Hg Capital NAV surpasses £1bn over third quarter

  Hg Capital NAV surpasses £1bn over third quarter – Hg Capital (HGT) has provided an update covering the third quarter period to 30 September 2019. Over the year to date, the company’s total return shares and NAV have returned 32% and 18%, respectively. HGT’s NAV went past £1bn over the period. Q3 investments and realisations On […]

• 22 Oct 2019 1 min read

  HgCapital Trust to invest £31.6m in price reporting firm

  HgCapital Trust to invest £31.6m in price reporting firm – HgCapital Trust (HGT) plans to invest £31.6m in Argus Media, a global provider of energy and commodity price reporting. The investment will be carried out by Hg, HGT’s manager, alongside other institutional investors in its Hg Saturn Fund. Dry powder of £134m available Based on the 31 […]

• 09 Sep 2019 1 min read

  Foundry Sale at 79% uplift a highlight in strong first-half for HgCapital

  Foundry Sale at 79% uplift a highlight in strong first-half for HgCapital – HgCapital (HGT), which provides listed access to unquoted software and service businesses, has announced half-year results to 30 June 2019. Total return NAV increased by 13.9% over the six-month period Performance summary: Share price total return of 22.5% to 30 June 2019; Revenue […]

• 05 Sep 2019 1 min read

  HgCapital sells Register Group to team.blue

  Hg, the Manager of HgCapital Trust, has announced that Register Group is being sold to team.blu. However, the trust will continue to have some exposure as the trust is also invested in team.blue, in parallel with other institutional clients of Hg, through its investment in the Hg Genesis 8 Fund. Hg describes Register Group as […]

• 10 Jun 2019 1 min read

  Hg Capital looking to raise £80m

  Hg Capital looking to raise £80m – HgCapital Trust intends to raise up to approximately GBP80 million by way of a placing of new ordinary shares in order to maximise the opportunities to access the manager’s pipeline of deals. The board has been informed by Hg that it expects that its partners and staff will invest at least […]

• 23 May 2019 2 min read

  QuotedData’s other news 23 May 2019

  Ecofin Global Utilities and Infrastructure interims show an 8.5% return on NAV for the six months ended 31 March 2019. Dividends of 3.23p were declared and the discount has narrowed so that, on 20 May 2019, it stood at 11.3% (still wider than it would like). Hg Capital‘s share split – ten shares in exchange […]

• 07 May 2019 1 min read

  HgCapital to invest in B2B platform Litera Microsystems

  HgCapital to invest in B2B platform Litera Microsystems – The private equity trust, HgCapital (HGT), has this morning announced that it is investing in Chicago-based Litera Microsystems (Litera), a provider of end-to-end document lifecycle solutions to the legal and life sciences industries worldwide. HGT will invest approximately £32.1m in Litera (terms have not been disclosed […]

• 18 Apr 2019 1 min read

  QuotedData’s other news – 18 April 2019

  QuotedData’s other news – 18 April 2019 TriplePoint Social Housing REIT has bought six supported housing properties and acquired the land and entered into forward funding arrangements to develop another two supported housing schemes, comprising 80 units in total, for an aggregate commitment of GBP14.8 million. These leases are with specialist housing associations, including Falcon Housing Association, […]

• 2 min read

  Hg tops up Visma stake

  Hg tops up Visma stake – Hg, the manager of HgCapital Trust has agreed to make a further investment in Visma, a leading provider of business-critical software (mostly through a software as a service or Saas model) to private and public enterprises in the Nordic, Baltic and Benelux regions. Cinven, the global private equity firm, will […]

• 19 Mar 2019 1 min read

  HgCapital to exit Foundry with strong return

  HgCapital to exit Foundry with strong return – The private equity firm Hg, manager of the tech-focused HgCapital Trust (HGT) has announced the sale of Foundry to Roper Technologies for £410m. Hg acquired Foundry, a leading global developer of high-end visual effects and 3D design software, in 2015. HGT will receive cash proceeds of £28m from […]

• 11 Mar 2019 2 min read

  Hg Capital mulls fundraise and share split

  Hg Capital mulls fundraise and share split – HgCapital Trust has published results for 2018. Highlights are: NAV per share of GBP21.57, a total return of 14.3%. Share price total return of 3.5% to 31 December 2018. Proposed final dividend of 30 pence per share (full year dividend of 46 pence per share). Strong revenue and […]

• 29 Jan 2019 1 min read

  Hg picks up Transporeon from TPG

  Hg picks up Transporeon from TPG – Hg, manager of HgCapital Trust, has agreed to invest in Transporeon Group, one of the world’s leading cloud-based logistics platforms. HgCapital Trust will invest approximately GBP35.0 million in Transporeon, with other institutional clients of Hg investing alongside the Company through the Hg8 Fund. Founded in 2000 and headquartered in […]

• 21 Dec 2018 2 min read

  HgCapital invests in Combell

  HgCapital invests in Combell – Hg, the manager of HgCapital Trust plc, has agreed to invest in Combell Group, a leader in mass hosting services for SMEs across Europe. The transaction is subject to regulatory approval and so will close in the New Year. The terms of the investment are not disclosed. HgCapital Trust plc will […]

• 09 Nov 2018 1 min read

  Hg Capital Trust sells Atlas

  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 […]

• 10 Sep 2018 2 min read

  Hg announces an investment in BrightPay into Transition Capital

  Hg announces an investment in BrightPay into Transition Capital – HgCapital (HGT) has announced that it has invested in BrightPay, a provider of accounting and HR payroll software to SMEs in Ireland and the UK. The terms of the investment are not disclosed. Transition Capital’s first investment In early 2018, HgCapital made a £75 million commitment to invest in Transition Capital and […]

• 30 Aug 2018 2 min read

  HgCapital Trust exercises option over Allocate Software

  Hg, the Manager of HgCapital Trust, has announced that it has made an investment in Allocate Software, which it describes as, “a leading international provider of workforce solutions to the healthcare, defence and maritime sectors”. The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately £14.0 million in Allocate, alongside other institutional clients of Hg that […]

• 20 Aug 2018 2 min read

  Hg Capital sells Kinapse

  Hg Capital sells Kinapse – HgCapital Trust has announced the sale of Kinapse to Syneos Health, a leading biopharmaceutical solutions organisation. Kinapse is a market leading advisory and operational solutions provider to the global life sciences industry. The terms of the transaction were not disclosed. This transaction values the company’s investment in Kinapse at approximately GBP7.9 million. […]

• 11 Apr 2018 1 min read

  Hg announces investment in the Access Group

  Hg announces investment in the Access Group – Hg, which maaged the Manager of HgCapital Trust (HGT) has announced today an investment in The Access Group. It is one of the UK’s leading providers of business management software to mid-market companies. HgCapital will invest approximately £30.9 million in Access, with other institutional clients of Hg investing alongside the […]

• 29 Mar 2018 1 min read

  Hg announces acquisition of German B2B fleet leasing company Mobility Concept

  Hg announces acquisition of German B2B fleet leasing company Mobility Concept – HgCapital Trust (HGT) has announced the acquisition of Mobility Concept GmbH, a leading B2B* fleet leasing company, headquartered in Germany. Hg has acquired Mobility Concept from Unicredit Leasing GmbH, a wholly-owned subsidiary of UniCredit Bank AG (“HypoVereinsbank”) as well as from the founders. The closing of the […]

• 05 Mar 2018 3 min read

  Hg Capital goes large

  Hg Capital goes large – Hg Capital Trust has announced plans to invest in much larger deals than it has done to date. Hg Capital has announced results for the year ended 31 December 2017. It delivered a 21.5% return on NAV and a 19.5% return to shareholders over the period as the NAV rose to […]

• 26 Feb 2018 1 min read

  Hg completes acquisition of Italian online hosting provider DADA

  Hg completes acquisition of Italian online hosting provider DADA – Hg (HGT) is a private equity firm targeting middle-market buyouts primarily in Europe. Hg focuses on investments in technology, services and industrial technology sectors. Hg has completed its investment in DADA S.p.A (DADA), a leading provider of online hosting services to SMEs in Italy, the UK and […]

• 2 min read

  Worldwide Health swaps Lilly for Merck

  Worldwide Health swaps out Lilly for Merck OrbiMed-managed Worldwide Healthcare Trust (WWH) appears to have boosted its shareholding Merck & Co at the expense of Eli Lilly over the last few weeks, according to its latest update (see factsheet).  Merck, which was outside the trust’s top 10 holdings in December, now ranks as the trust’s largest investment […]

• 09 Jan 2018 2 min read

  Hg invests in MeinAuto.de

  Hg invests in MeinAuto.de – Hg, the Manager of HgCapital Trust has announced an investment in MeinAuto.de, a leading B2C online platform for new car purchases based in Germany. The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately GBP6.7 million in MeinAuto, with other institutional clients of Hg investing through the […]

• 19 Dec 2017 1 min read

  Worldwide Healthcare maintains strong run and moves to premium

  Worldwide Healthcare maintains strong run and moves to premium Despite seeing a relatively flat-to-down month in November, Worldwide Healthcare Trust (WWH) generated a 15% increase in NAV and 18% rise in its share price in the 11 month year-to-date period, comfortably beating the 9% rise in its benchmark index, according to its latest monthly factsheet. Moreover, the […]

• 08 Dec 2017 1 min read

  Isaly steps down from OrbiMed and Worldwide Healthcare Trust

  Isaly steps down from OrbiMed and Worldwide Healthcare Trust Veteran US biotech analyst and OrbiMed Capital founder Samuel Isaly has stepped down from his role as Managing Partner and separately as a director of UK-listed Worldwide Healthcare Trust WWH, which is managed by OrbiMed alongside Biotech Growth Trust BIOG. Isaly will be replaced at the New […]

• 04 Dec 2017 1 min read

  Standard Life Private Equity benefits from narrowing discount

  Standard Life Private Equity benefits from narrowing discount – over the year to the end of September 2017, Standard Life Private Equity Trust’s net asset value produced a total return of 14.9% and its share price delivered a total return of 31.9%. The MSCI Europe Index returned 19.1% over the same period. As at the […]

• 28 Nov 2017 2 min read

  Hg gets bid for Ullink

  Hg gets bid for Ullink – Hg, the Manager of HgCapital Trust plc, has announced that it has received a definitive binding offer from Itiviti, a company backed by Nordic Capital, to acquire Ullink, a leading global provider of electronic trading and connectivity solutions to the financial community. This proposed sale is subject to French […]

• 05 Sep 2017 1 min read

  Investment Trust Insider on Northern Investors

  This year’s summer lull is a bit busier than usual with Warehouse Real Estate Investment Trust (Reit) publishing a prospectus and running around trying to raise £80 million to £150 million to buy a portfolio of multi-let urban warehouse estates. I have been occupied on a new guide for investors interested in listed private equity […]

• 21 Aug 2017 2 min read

  Hg Capital sells Sequel

  Hg Capital sells Sequel – HgCapital, the Manager of HgCapital Trust plc, has announced that it has sold Sequel Business Solutions, a provider of software and services to the Lloyd’s of London and the broader insurance markets, to Verisk Analytics (Nasdaq: VRSK), a leading data analytics provider serving customers in property/casualty insurance, natural resources, and […]

• 29 Jun 2017 2 min read

  HgCapital leads reinvestment in Visma in Europe’s largest ever software buyout

  HgCapital Trust has announced that it and other institutional clients of HgCapital will re-invest in Visma Group Holdings (Visma), which it describes as a leading provider of mission-critical business software to SMBs in the Nordic region. The transaction follows a decision by KKR to sell its holding in the group. HgCapital, the trust’s manager, is […]

• 19 Jun 2017 2 min read

  HgCapital invests in business messaging service, Esendex

  HgCapital invests in business messaging service, Esendex – HgCapital, the Manager of HgCapital Trust, has today announced an investment in Esendex, a leading provider of mission-critical business messaging services across Europe. On completion of the transaction, Esendex will be merged with existing Mercury portfolio company Mobyt, which provides similar business messaging services in Italy and France. […]

• 14 Jun 2017 2 min read

  Hg Capital sells Zitcom

  Hg Capital sells Zitcom for £8.8m. HgCapital, the Manager of HgCapital Trust, has announced that it has sold Zitcom, a leading Danish hosting and cloud solutions provider operating in the SME segment, to Intelligent, a Belgian headquartered provider of hosting services. The terms of this transaction were not disclosed. The sale of Zitcom delivers a […]

• 01 Jun 2017 2 min read

  HgCapital has announced the sale of Parts Alliance

  HgCapital has announced the sale of Parts Alliance a UK automotive aftermarket parts distributor, to Uni-Select Inc., a listed Canadian distributor of automotive refinish and industrial paint products and aftermarket parts for a transaction value of GBP205 million. Hg Capital Trust will realise cash proceeds of approximately GBP21.3 million on completion of this transaction. This represents […]

• 26 Apr 2017 3 min read

  Hg Capital sells Qundis

  HgCapital, the Manager of HgCapital Trust has agreed the sale of QUNDIS, a leading provider of sub-metering solutions in Europe, to a German investment group around KALORIMETA (“KALO”), a leading service providers for climate-intelligent solutions in the buildings sector, for a total enterprise value of c. EUR400 million. The sale of QUNDIS delivers a c. 3.5x […]

• 04 Apr 2017 2 min read

  Hg Capital invests in Miratech

  HgCapital, the Manager of HgCapital Trust has made an investment in Mitratech, a leading global provider of legal, risk and compliance software serving multinationals and SMEs across Europe and the US. HgCapital will be the lead investor in the new transaction structure, alongside TA Associates and the management team at Mitratech. The terms of this […]

• 06 Mar 2017 2 min read

  HgCapital Trust sees NAV uplift of 19% driven primarily by Zenith sale

  HgCapital Trust has announced its annual results for the year ended 31 December 2016. During the period, the Trust provided an NAV total return of 19% and a share price total return of 43%, which it says compares to return on the benchmark of 16.8%. The Trust says that the increase in VA is primarily […]

• 06 Feb 2017 1 min read

  14 investment trusts for income and growth in 2017

  Investors looking forward to a period of calm in 2017 might be disappointed, but David Prosser has the trusts experts are backing to navigate further storms.  Having just been through a year of unprecedented political upheaval that sent financial markets spinning, many investors will be assuming 2017 cannot possibly be so tumultuous. The reality, however, […]

• 30 Jan 2017 2 min read

  HgCapital Trust to realise £59m from sale of Zenith to Bridgepoint

  HgCapital, the Manager of HgCapital Trust, has announced that it has agreed the sale of Zenith, the largest independent vehicle leasing business in the UK, to Bridgepoint in a transaction totalling £750m. HgCapital says that sale of Zenith delivers a 2.9x investment multiple and a 46% gross IRR over the investment period. HgCapital Trust will […]

• 25 Nov 2016 5 min read

  Worldwide Healthcare changes fee arrangements

  Worldwide Healthcare says its net asset value total return was +21.2% over the six months ended 30 September, outperforming the benchmark, the MSCI World Health Care Index measured on a net total return, sterling adjusted basis, which returned +17.3%. The share price, with a total return of +24.4%, also outperformed the benchmark over this period. The discount as at 30 September […]

• 17 Nov 2016 2 min read

  HgCapital Trust contributes £3.1m to an investment in fundinfo

  HgCapital, the Manager of HgCapital Trust, has announced an investment in fundinfo AG, which it describes as, “a technology platform for fund data and documents publication and dissemination to the global fund industry, headquartered in Zurich”. The terms of this transaction have not been disclosed. HgCapital Trust plc will invest in fundinfo, alongside other institutional […]

• 08 Nov 2016 1 min read

  HgCapital Trust to contribute £3.7m to an investment in Evaluate Group

  HgCapital, the Manager of HgCapital Trust has announced that is has made an investment in Evaluate Group, a London-headquartered provider of commercial intelligence to the global life sciences industry. The terms of this transaction have not been disclosed. HgCapital Trust plc will invest in Evaluate, alongside other institutional clients of HgCapital, who will participate through […]

• 13 Oct 2016 2 min read

  Hg Capital invests in Baldwins

  CogitalGroup, which is backed by HgCapital, has announced an investment in Baldwins and the launch of the new Group. CogitalGroup will consist of Blick Rothenberg, the former BPO Division of Visma and Baldwins. The Group will provide outsourcing, accounting, payroll, taxation, financial and other advisory services to a broad range of businesses including entrepreneurial businesses and high […]

• 19 Sep 2016 1 min read

  HgCapital agrees sale of Personal & Informatik AG

  HgCapital, the Manager of HgCapital Trust, has announced that it has agreed the sale of Personal & Informatik AG (P&I), a provider of payroll and strategic HR software headquartered in Germany, to a company backed by funds of Permira. HgCapital say that the sale of P&I represents the first exit from the HgCapital 7 Fund […]

• 12 Sep 2016 2 min read

  Hg Capital hits new highs aided by weak sterling

  Hg Capital reports that, at 30 June 2016, the Trust’s NAV per share reached a new high of £15.48 per share, after the payment of a dividend in respect of 2015 of 40 pence per share, reflecting growth during the half year (on a total return basis) of 12.1%. The total NAV of the Trust […]

• 12 Aug 2016 1 min read

  Hg invests in Mobyt

  HgCapital, the Manager of HgCapital Trust plc (“The Trust”), today announces an investment in Mobyt, a provider of Application-to-Person SMS services to enterprises, headquartered in Italy, subject to regulatory approval. The terms of this transaction have not been disclosed. HgCapital Trust plc will invest in Mobyt, alongside other institutional clients of HgCapital, who will participate through […]

• 09 Aug 2016 1 min read

  Hg sells Relay Software

  HgCapital has announced that it has sold Relay Software, a leading provider of software to insurance brokers, underwriters and insurers in the Republic of Ireland, to Applied Systems, the leading global provider of cloud-based insurance broker management software. HgCapital partnered with Relay Software in early 2014, representing the third investment for Mercury, HgCapital’s specialist lower […]

• 02 Aug 2016 1 min read

  Hg Capital sells NetNames

  HgCapital, the Manager of HgCapital Trust has announced that it has agreed the sale of NetNames, a leading provider of global brand protection and internet domain name management   services, to CSC, a US-based, leading provider of business administration services to corporations. The terms of the transaction were not disclosed. The Trust will realise cash proceeds of […]

• 28 Jul 2016 2 min read

  Hg sells SFC Koenig

  HgCapital, the Manager of HgCapital Trust, has announced that it has agreed the sale of SFC KOENIG, a Switzerland-based, leading provider of high-quality, sealing and flow control technology, to IDEX, a producer of highly engineered fluidics systems and components in the USA. Completion is subject to, amongst other things, regulatory approval. The Trust will realise […]

• 25 Jul 2016 1 min read

  Hg Capital invests in Blick Rothenburg

  HgCapital, the Manager of HgCapital Trust, today announces an investment in Blick Rothenberg, a leading provider of accounting, audit and tax services based in London. The terms of this transaction were not disclosed. HgCapital Trust plc will invest in Blick Rothenberg alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. […]

• 16 Jun 2016 1 min read

  Hg Capital selling Mainio Vire

  HgCapital, the Manager of HgCapital Trust plc, has announced that it has agreed the sale of Mainio Vire, a leading provider of elderly care, mental health and home services in Finland, to Mehiläinen, a private provider of social and health care services also based in Finland. Completion is subject to regulatory approval. Based on the […]

• 14 Jun 2016 4 min read

  Biotech overweight hurts Worldwide Healthcare

  Worldwide Healthcare reports that, over the year ended 31 March 2016, the company’s net asset value per share total return was -9.0% and the share price total return was -10.5%, both underperforming the Company’s benchmark, the MSCI World Health Care Index on a net total return, sterling adjusted basis, which fell by 5.4%. Total dividend […]

• 10 May 2016 1 min read

  Hg Capital invests in STP

  HgCapital has today announced an investment in STP Group, a leading provider of insolvency and law practice software, based in Germany, in partnership with the current CEO and co-founder Gunther Thies. Mr Thies retains a significant interest in the business and will continue as CEO. The investment was made from HgCapital’s Mercury Fund which focuses […]

• 21 Apr 2016 1 min read

  Top ten risers and fallers in March

  http://view.ceros.com/citywire/it-insider-april-2016/p/21 Investors appeared to have a greater appetite for risk during March, with trusts which have invested in Brazil, Latin America, and Russia all featuring in the top 10 risers.

• 24 Mar 2016 1 min read

  HgCapital announces majority investment in Raet

  HgCapital, the manager of HgCapital Trust has announced that it has made a majority investment in Raet, a HR solutions provider that specilises in HR cloud software and services. The terms of this transaction have not been disclosed. HgCapital Trust will invest in Raet alongside other institutional clients of HgCapital, who will participate through the […]

• 08 Mar 2016 1 min read

  HgCapital Trust is investing £4.5m in Trace One

  HgCapital, the Manager of HgCapital Trust has today announced an investment into Trace One SA,a provider of software to the retail and private label goods sectors, headquartered in France. The terms of the transaction were not disclosed. HgCapital Trust will invest in Trace One, alongside other institutional clients of HgCapital, who will participate through the […]

• 07 Mar 2016 2 min read

  HgCapital Trust – NAV growth driven by trading performance, realisations and comparable ratings

  Hg Capital Trust has announced its annual results for the year ended 31 December 2015. During the year, it provided NAV and share price total returns of 14.1% and 8.6% respectively, both markedly outperforming the FTSE All-Share, which provided a total return of 1.0%. The manager say that, during the year, the portfolio provided revenue […]

• 15 Feb 2016 1 min read

  HgCapital purchases majority stake in Citation

  HgCapital, the Manager of HgCapital Trust has announced that it has made a majority investment in Citation, which they describe as one of the UK’s leading providers of Health & Safety, HR, Employment Law and ISO services to SMEs. HgCapital will assume majority ownership from ECI Partners, investing alongside the existing management team. The terms […]

• 01 Feb 2016 1 min read

  HgCapital takes majority stake in Kinapse

  HgCapital, the manager of HgCapital Trust, has announced that it has made a majority investment in Kinapse, a global provider of advisory, capability building and operational services to the life sciences industry, headquartered in London. HgCapital Trust will invest in Kinapse alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. […]

• 19 Jan 2016 1 min read

  HgCapital Trust to invest in £24.9m in Sovos Compliance

  HgCapital, the Manager of HgCapital Trust has announced that it has made a majority investment in Sovos Compliance, a global provider of regulatory tax compliance software. HgCapital is the lead investor, alongside Vista Equity Partners. The terms of this transaction were not disclosed. HgCapital Trust is investing in Sovos alongside other institutional clients of HgCapital, […]

• 22 Dec 2015 1 min read

  Hg Capital Trust to invest in Denmark’s Zitcom and ScanNet

  Hg Capital Trust has announced that its manager, Hg Capital, has made investments in Zitcom and ScanNet, two leading Danish hosting and cloud solutions providers. The terms of the transactions were not disclosed. Hg Capital Trust will invest in Zitcom and ScanNet, alongside other institutional clients of Hg Capital, who will participate through the Mercury […]

• 08 Dec 2015 1 min read

  Hg Capital sells TeamSystem

  Hg Capital, the Manager of Hg Capital Trust, has announced that it has agreed the sale of TeamSystem Holding SpA, a leading provider of business critical, regulatory driven software products to accountants, HR professionals and SMEs in Italy, to Hellman & Friedman LLC, a leading private equity investment firm. Hg Capital intends to retain a […]

• 30 Nov 2015 1 min read

  Hg Capital takes stake in EidosMedia

  HgCapital, the Manager of HgCapital Trust plc, has announced it will has taken a majority stake in EidosMedia, a leading global provider of digital publishing solutions. The terms of the transaction were not disclosed. HgCapital Trust plc will invest in EidosMedia, headquartered in Milan, alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund.  […]

• 26 Nov 2015 4 min read

  Worldwide Healthcare hit by sector sell off

  Worldwide Healthcare has published interim results covering the six months to the end of September 2015. Over this period the pharmaceutical and biotech sectors experienced a sell off as US politicians waded into price gouging allegations at some forms. Worldwide Healthcare’s benchmark index (MSCI World Health Care Index) fell by 9.7%. the total return on net […]

• 10 Nov 2015 1 min read

  Hg selling Casa Reha

  Hg Capital has announced that it has agreed the sale of Casa Reha, a leading private German provider of elderly care services, specialising in high quality, assisted living, to Euronext-listed Korian, a leading European provider of elderly health care services. Completion is subject to regulatory approval. Hg Capital Trust will realise cash proceeds of approximately […]

• 23 Oct 2015 1 min read

  Hg Capital sells minority interest in JLA

  HgCapital Trust has announced the sale of a minority interest in JLA to a group of institutional investors. JLA is a leading UK provider of business-critical asset maintenance services to SMEs. After the deal, finds managed by HgCapital will retain c. 62% of JLA’s equity. In addition to the sale of a minority equity interest, […]

• 21 Aug 2015 1 min read

  Discount narrowing boosts Hg Capital return

  Hg Capital delivered a 3.8% return on net assets for the six months ended 30 June 2015 and the return to shareholders for the period was 7.2%. By comparison, the return on the FTSE All-Share Index for the period was 3.0%. The valuation uplift was driven by a combination of growth within the businesses of […]

• 30 Jun 2015 1 min read

  Hg exits SimonsVoss

  Hg Capital has announced the sale of its interest in SimonsVoss to Allegion plc. Hg Capital Trust’s share of the deal is £18.6m – at this price the fund’s NAV is uplifted by £2.3m. They say the NAV will rise to 1,215.6 pence per share – an uplift of 6.1 pence. SimonsVoss is a  European leader […]

• 25 Jun 2015 2 min read

  Worldwide Healthcare celebrates 20th birthday

  Worldwide Healthcare’s results for the year ended 31 March 2015 reflect the strength of the healthcare market over that period but also considerable outperformance by the manager. The NAV return for the year was 53% – more than 17% ahead of the 35.9% return on their benchmark (the MSCI World Health Care Index). The return […]

• 21 May 2015 1 min read

  HgCapital invests in The Foundry Visionmongers

  HgCapital Trust has announced that it is investing £19.7m to acquire a majority investment in The Foundry Visionmongers Ltd, a visual effects software development company, from The Carlyle Group. HgCapital trust is making its investment through HgCapital 7 Fund, alongside other institutional clients of HgCapital, in a transaction that places an enterprise value of £200m on the Foundry. […]

• 24 Apr 2015 1 min read

  Hg Capital invests in Eucon

  Hg Capital is investing in Eucon which they describe as a leading provider of automotive parts pricing data & services to vehicle and parts manufacturers globally.   The business is also a leading provider of highly automated claims management services to insurers in Germany.  In the automotive data business, Eucon collects, processes and supplies crucial data […]

• 09 Mar 2015 1 min read

  Hg Capital boosted by Visma sale

  Hg Capital’s results for 2014 show a 12.8% return on net assets and a 9.6% return on share price – well ahead of the 1.2% return on the FTSE All-Share Index. the final dividend is being increased from 29p to 32p to take the full year dividend to 51p (including a 19p special dividend). £83m […]

• 15 Dec 2014 1 min read

  Hg Capital buys A-Plan Insurance

  Hg Capital is buying A-Plan insurance from Equistone Partners. The trust is contributing £14.9m of its money to the deal. A-Plan Insurance was founded in 1963 and is based in Oxfordshire. It provides products from a wide range of insurers, including SME commercial, motor and home, and high net worth insurance.  A-Plan currently operates 73 branches […]

• 01 Dec 2014 2 min read

  InterMune helps drive good Worldwide Healthcare result

  WWH : InterMune helps drive good Worldwide Healthcare result Worldwide Healthcare powered ahead over the six months ended 30 September as the net asset value delivered a total return of 16.8%. The rating stayed more or less the same so the return to shareholders was 16.2%. by contrast the benchmark index (MSCI World Health Care) returned 11.5% […]

• 06 Aug 2014 1 min read

  HGT : Hg Capital sells stake in Voyage Care

  Hg Capital sells stake in Voyage Care Hg Capital Trust will get £8.4m in cash as its share of a £375m deal where Duke Street, Partners Group and Tikehau are acquiring Voyage Care. Voyager Care is a provider of specialist residential services and supported living for people with learning disabilities, associated physical disabilities, autistic spectrum disorders, acquired brain injuries […]

• 11 Jul 2014 1 min read

  HgCapital Trust : HGT – Co-investment in Sequel Business Solutions

  HgCapital Trust is to invest £4.4m in Sequel Business Solutions, a leading software and service provider to the Lloyd’s of London insurance market. The trust will be participating through the HgCapital Mercury Fund, which is focused on growth buyouts in the software and technology sector, alongside other institutional clients of HgCapital. Sequel’s management team are to retain a significant interest in […]

• 09 Jun 2014 1 min read

  Worldwide Healthcare : WWH – final results

  Worldwide Healthcare has published its results for the year that ended 31 March 2014. Over the period the fund’s net asset value generated a total return of 25.9%. The fund’s rating improved, driving the total return to shareholders for the period up to 30.8%. The MSCI World Healthcare Index delivered a return of 14.9% over […]

• 28 Apr 2014 1 min read

  Hg Capital : HGT – reinvestment in Visma

  Hg Capital has bought a stake in Visma (a software and business process outsourcing company centred on the Nordic region) – acquiring a 31% stake for £405m. £40m of this will come from the Hg Capital Trust and the rest from Hg’s limited partnership vehicle, Hg Capital VII. The net effect of the transaction will be that […]

• 10 Mar 2014 1 min read

  Hg Capital : HGT – annual results

  Hg Capital’s share price returned 1.4% over 2013. At the end of December 2013 Hg Capital’s net asset value was £11.80 – having delivered a total return for 2013 of -1.6%. Part of the problem was the drag from Hg’s high cash balances. They made five new investments but money has been flowing back from disposals […]

• 05 Feb 2014 1 min read

  Hg Capital : HGT – IPO of Manx Telecom

  Manx Telecom is to IPO on the AIM market (completion of the listing is expected to be on 10 February 2014).  Manx’s shares have been priced at 142p, valuing the business at £160m, and the IPO is fully underwritten at this price. Hg Capital is selling its entire shareholding in the IPO, realising cash proceeds of c£13.1m. […]

• 23 Jan 2014 1 min read

  Hg Capital : HGT – acquisition

  Hg Capital is acquiring Zenith Vehicle Contracts, one of the UK’s leading independent leasing, fleet management and vehicle outsourcing businesses. In total HGT will contribute £21m to the purchase price (as Zenith is acquired by a range of funds managed by Hg Capital). After this deal, using the figures announced as at the end of […]

Upcoming Events

HgCapital Trust AGM 2024

• Thursday 16th May 2024
• Hg Capital : HGT

Videos

HgCapital Trust AGM 2024

• Thursday 16th May 2024
• Hg Capital : HGT

In The Press

• 28 Oct 2024 1 min read

  With shares of many private equity trusts trading at a huge discount, is now the time to pounce?

  By Anne Ashworth, Daily Mail, 25 October 2024: The word ‘discount’ is one of the most enticing in the English language. But in the case of private equity investment trusts, discounts are provoking more suspicion than excitement at present. The share prices of many of these trusts – which back the unlisted businesses poised to […]

• 14 Oct 2024 1 min read

  Investment trust insider on HarbourVest Global Private Equity

  Investment trust insider on HarbourVest Global Private Equity – James Carthew: I bought HarbourVest because its discount is far too wide HarbourVest Global Private Equity languishes on a 42% share price discount, which ignores several positive features of the £1.7bn portfolio I said two weeks ago I was thinking about buying shares in another undervalued […]

• 30 Sep 2024 1 min read

  Investment trust insider on my portfolio

  Investment trust insider on my portfolio – James Carthew: New trusts for my portfolio Our columnist considers where to reinvest his cash from the Hipgnosis Songs takeover, and the forthcoming sale of assets in Abrdn Property Income. Flush with cash from the Hipgnosis (SONG) takeover and, soon perhaps Abrdn Property Income (API), which just announced […]

• 09 Sep 2024 1 min read

  Investment trust insider on AVI Global Trust

  Investment trust insider on AVI Global Trust – James Carthew: AVI Global can extend its excellent track record Discounts across global markets present opportunities for the UK-based bargain hunter, which recently cashed in on Starwood’s Balanced Commercial Property bid. The investment companies sector continues to shrink. So far in September, we have seen bids for Tritax […]

• 13 May 2024 1 min read

  How these four private equity trusts could help you cash in on… The STARS of TOMORROW

  By ANNE ASHWORTH, Daily Mail, 11 May 2024: De-equitisation is one of the top trends of 2024 and it is unlikely to prove a fad, with implications for our pensions and savings. More companies are opting not to list their shares on a stock market, but to find ‘equity’ or finance from banks and other […]

• 23 Apr 2024 1 min read

  A glaring opportunity to snap up these cheap investment trusts

  by Cherry Reynard from interactive investor, 23rd April 2024: Private equity investment trusts look like a glaring opportunity. They are trading at or near all-time record discounts after a long period where the sector has been out of favour. Holdings in the trusts have generally continued to perform well, with valuations stable. Yet these trusts […]

• 18 Dec 2023 1 min read

  Bagging a bargain: 13 investment trusts pros say offer great value

  by Jennifer Hill from interactive investor, 18th December 2023: Investors looking to bag a bargain need look no further than the investment trust sector where risk-off sentiment has this year sent discounts to levels not seen since the financial crisis. At the end of 2021 – before the war in Ukraine fuelled energy and food […]

• 11 Oct 2023 1 min read

  15 years on from Lehman’s: the funds and investment trusts that top the charts

  by Kyle Caldwell from interactive investor, 10th October 2023: The 15-year anniversary of the collapse of Lehman Brothers, which sent shockwaves through global stock markets, recently passed. Prior to the largest bankruptcy in US history came the credit crunch. This put paid to over-borrowed banks such as Northern Rock. Then came the full-blown banking crisis […]

• 12 Sep 2023 1 min read

  What’s behind big investment trust discounts and when will they narrow?

  by Sam Benstead from interactive investor, 12th September 2023: Investment trust investors are suffering this year, with the sector dropping around 2% so far in 2023, including dividends. A key reason for the average trust being in the red is the widening of discounts, which in the spring reached their widest levels since the financial […]

• 22 Aug 2023 1 min read

  Money Makers podcast: 21 Aug 2023

  In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, director of QuotedData.

• 09 Aug 2023 2 min read

  Private equity trusts hold up well despite heavy discounts

  By Val Cipriani, Investors Chronicle, August 8, 2023: Private equity trust valuations have broadly held up so far this year despite higher interest rates leading to pessimism and huge discounts across the sector. Private equity net asset values (NAVs) are published with a few months of delay, so most of the data currently available refers […]

• 24 Jul 2023 1 min read

  Why I’m sticking some start-ups in my pension

  David Brenchley, The Times, July 22 2023: Cheap private equity investment trusts can be lucrative pension investments – but you need to pick the best and back them for the long-term. Private equity funds have been in the spotlight since the chancellor, Jeremy Hunt, got nine of Britain’s biggest pension firms to agree to pump […]

• 20 Jan 2023 2 min read

  Investment trust bargains: how to find them and where to look in 2023

  by Kyle Caldwell from interactive investor, 19th January 2023: We explain the tricks of the trade to find potential discount opportunities, and name the three areas where analysts are finding plenty of value in 2023… The first thing to point out is that while investment trust discounts offer opportunities to buy a basket of investments […]

• 30 Jun 2022 1 min read

  Preparing for a wave of value write-downs in the private equity trust universe

  Ian Conway, Shares Magazine, 30 June 2022: Private equity investors have been put on warning after press reports last month that privately-owned BNPL (buy now, pay later) specialist Klarna was seeking to raise fresh capital at a steep discount to its previous valuation. This has raised the question of whether private equity valuations need to […]

• 22 Feb 2022 1 min read

  What next for the private equity trusts?

  Private equity trusts have posted stellar returns in 2020 and 2021, but a new environment poses new challenges By Dave Baxter, Investors Chronicle, February 21, 2022: The persistent share price discounts on which most private equity investment trusts still trade have tended to disguise a sector in rude health. That was particularly the case in […]

• 07 Feb 2022 2 min read

  Gateway to private markets

  Hannah Smith, AIC’s Compass, 4 February 2022: Unquoted companies offer the exciting potential for unbridled growth, albeit with a high level of stock-specific risk. With companies taking longer to reach IPO stage, there are more opportunities in this space, and now even mainstream investment trusts are making unlisted businesses a significant part of their portfolios. […]

• 25 May 2021 1 min read

  Investment trust insider on private equity again

  Investment trust insider on private equity again – James Carthew: Private equity trusts remain grossly mispriced Just over a year ago, I wrote an article to highlight the unjustified discounts that trusts in the private equity sector were trading on. My pick of the bunch was Standard Life Private Equity (SLPE), which at that time was […]

• 16 Apr 2020 1 min read

  Why investors should not ignore unlisted companies

  Why investors should not ignore unlisted companies April 14, 2020 by Tom Bailey, Money Observer Stock markets connect the monetary savings of a society with companies in need of capital to invest and grow. At its best, this allows businesses to expand, powering economic growth and prosperity while providing savers with a return on their money. Historically, […]

• 31 Mar 2020 1 min read

  Investment trust insider bargain hunting in the crash

  Investment trust insider bargain hunting in the crash – James Carthew: three trusts I bought in the Covid-19 crash Many investors, especially those reliant on the income from their portfolios, will have been looking on nervously as markets see-saw and the economy grinds to a halt. For most of the past few weeks I have sat […]

• 07 Nov 2018 1 min read

  Investment Trust Insider on HgCapital

  Investment Trust Insider on HgCapital- James Carthew: my pick of the private equity trust bunch After last week’s exhortation to invest in private equity via funds with experienced and well-resourced teams, I thought I should provide an example: HgCapital (HGT), a £735 million investment trust, that last month won promotion to the FTSE 250 index. HGT […]

Data