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HgCapital Trust Plc (HGT.L)

LSE - LSE Delayed price. Currency in GBp
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303.50-1.50 (-0.49%)
At close: 4:39PM GMT
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  • Reuters

    Hg to buy German software firm P&I from Permira funds

    European software investor Hg said on Monday it would acquire Germany's Personal & Informatik, a provider of cloud-based HR software, from a group of funds advised by Permira for an enterprise value of 2 billion euros ($2.22 billion). The acquisition will be made via Hg Saturn 1 Fund, which focuses on software businesses with enterprise values of more than 1 billion pounds ($1.30 billion), Hg said in a statement. The Permira funds will remain invested in P&I with a substantial minority stake, according to the statement.