HgCapital Trust plc Regulatory News (HGT)

30 Jun 2009 17:07



The following is the text of a press release issued by HgCapital, which manages the investment portfolio of HgCapital Trust plc alongside those of other institutional clients. The Trust, which is a listed investment trust giving investors the opportunity to participate in all of HgCapital's investments, will invest approximately £10.8 million in Quadrum.

HgCapital invests in Quadrum 

London, 30 June 2009: HgCapital, the European sector-focused private equity investor, today announced its investment in Quadrum Investments Ltd ("Quadrum"), the leading private electronic marketplace serving the contract automobile hire & leasing market. The acquisition was completed in partnership with Quadrum Management and the deal value is undisclosed.

The Quadrum electronic trading environment enables both customers and suppliers in the contract automobile hire & leasing market to reduce costs and increase efficiency across multiple business processes. Quadrum operates over 50 buyer schemes and hosts 11,000+ registered suppliers.

Debt funding for the deal was provided by Lloyds TSB Corporate Markets' acquisition finance team.

-Ends-

Contacts:

HgCapital

Alex King Tel: +44 (0) 20 7089 7951

Maitland

Rowan Brown Tel: +44 (0) 20 7379 5151

About HgCapital

HgCapital is a sector focused private equity investor in the European mid-market. We focus on investments with an enterprise value in the range of £50-£500 million. Our business model combines sector specialisation with dedicated, pro-active support to our portfolio companies as well as the corresponding management expertise across all phases of the investment process. HgCapital manages more than £2.5 billion for some of the world's leading institutional and private investors. Our goal is to achieve outstanding results for our investors, management team and intermediaries. For further details, see www.hgcapital.com