HgCapital Trust's Manager Hg Agrees To Sale Of Lumesse

Mon, 01st Oct 2018 08:54

LONDON (Alliance News) - HgCapital Trust PLC said on Monday its manager Hg agreed to sell Human Electronics software provider Lumesse to talent development solutions provider Saba Software Inc.

The terms of the transaction were not disclosed, however, Hg will realise cash proceeds which are estimated to be GBP1.5 million.

The Lumesse sale is the 18th realisation completed by Hg across all funds over the last 18 months, during which around GBP3.2 million in proceeds have been returned to investors.

Shares in HgCapital Trust were up 0.4% at 1,997.15 pence on Monday.

HgCapital Trust plc