HgCapital Trust plc Share News (HGT)

IN BRIEF: HgCapital Chair Jim Strang buys GBP90,000 in shares

HgCapital Trust PLC - London-based investment firm - Chair & Non-Executive Director Jim Strang buys 28,250 shares via Foxy14 Ltd at GBP3.18 each, worth GBP89,843, in London on Monday. Foxy14 is wholly-owned by Jim Strand and Lynn Strang.

HgCapital Trust to invest GBP4.7 million in Citeline

(Alliance News) - HgCapital Trust PLC on Tuesday said it will invest GBP4.7 million in Citeline, which has agreed to merge with Norstella.

IN BRIEF: HgCapital Trust notes progress with Ideagen takeover

HgCapital Trust PLC - technology-focused investment trust that participates in the private equity investments of manager Hg - Notes Ideagen PLC's announcement that all resolutions at the court meeting and general meeting in relation to its acquisition by Hg Pooled Management Ltd were approved with a majority. The meetings were held on Thursday.

UK earnings, trading statements calendar - next 7 days

HgCapital Trust's manager Hg sells Medifox Dan for USD1 billion

(Alliance News) - HgCapital Trust PLC on Tuesday said its manager Hg has sold digital solutions provider Medifox Dan to San-Diego based medical device company ResMed.

IN BRIEF: HgCapital Trust to invest GBP7.4 million in risk advisor

HgCapital Trust PLC - London-based investment firm - To invest GBP7.4 million in TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industry. TigerRisk is being acquired by insurance company Howden Group Holdings in which HgCapital had previously invested. The terms of the transaction have not been disclosed, the company adds. This investment will reduce HgCapital's outstanding commitments to invest in Hg transactions to approximately GBP610 million.

HgCapital Trust's stake in Access Group boosted by Hg investment

(Alliance News) - HgCapital Trust PLC on Wednesday said its investment manager Hg is investing further in Loughborough-based software company Access Group, lifting the value of its own holding.

IN BRIEF: HgCapital Trust notes Hg deal to dispose of itm8

HgCapital Trust PLC - London-based investment firm - Notes that Hg has agreed to sell itm8, which supplies IT services for businesses in Europe, to Nordic private equity fund Axcel.

Ideagen shares leap on GBP1.06 billion takeover offer from Hg Pooled

(Alliance News) - Shares in Ideagen PLC jumped on Monday after agreeing to a GBP1.06 billion takeover offer from London-based private equity firm Hg Pooled Management Ltd.

IN BRIEF: HgCapital net asset value falls on challenging environment

HgCapital Trust PLC - technology-focused investment trust that participates in the private equity investments of manager Hg - Posts lower net asset value for the quarter that ended March 31. Net asset value per share shrinks by 0.6% to 433.1 pence from 436.7p on February 28 and 440.5p on December. Late March total net asset value down to GBP1.98 billion from GBP2.0 billion in late February and also late December. HgCapital has 458.1 million shares in issue as of March 31, up from 455.3 million on December 31. Sees a risk of inflation and shift to a rising interest rate environment. Says 2022 so far has brought significant increase in geo-political risk and uncertainty, citing the war in Ukraine and ongoing effects of Covid-19. "There has also been some collateral impact on the valuations of established and profitable businesses," Chair Jim Strang adds.

UK dividends calendar - next 7 days

UK shareholder meetings calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

IN BRIEF: HgCapital invests GBP15.3 million in German software company

HgCapital Trust PLC - technology-focused investment trust that participates in the private equity investments of manager Hg - Will invest GBP15.3 million in German financial consolidation and planning software business LucaNet AG, for its share of the larger investment of an undisclosed amount by Hg. Says liquid resources available for future deployment are estimated to be GBP315 million, which is around 16% of pro-forma net asset value of GBP2.0 billion as of February 28. The investment will "reduce HGT's outstanding commitments to invest in Hg transactions to approximately GBP776 million", the company says.

IN BRIEF: HgCapital Trust invests GBP114 million in IFS and WorkWave

HgCapital Trust PLC - technology-focused investment - Manager Hg becomes a significant minority investor in IFS and Workwave. The transaction values IFS and WorkWave at USD10 billion. Investment organisation EQT remains the majority shareholder. HgCapital Trust's investment of GBP114.2 million "will reduce HGT's outstanding commitments to invest in Hg transactions to approximately GBP792 million," the trust says. HgCapital participates in the private equity investments of manager Hg.