M&A Deal Summary

HgCapital Acquires Lumesse

On May 12, 2010, private equity firm HgCapital acquired internet software and services company Lumesse from StepStone for 110M EUR

Acquisition Highlights
  • This is HgCapital’s 5th transaction in the Internet Software and Services sector.
  • This is HgCapital’s 21st largest (disclosed) transaction.
  • This is HgCapital’s 28th transaction in the United Kingdom.
Investment Fate
  • Lumesse was sold to a strategic buyer in 2018.

M&A Deal Summary
Date 2010-05-12
Target Lumesse
Sector Internet Software and Services
Buyer(s) HgCapital
Sellers(s) StepStone
Deal Type Divestiture
Deal Value 110M EUR

Target

Lumesse

Bedfordshire, United Kingdom
website
Lumesse Ltd. is a provider of strategic HR software (e-recruiting and talent management) to 1,700 medium and large enterprises in Europe, the US and Asia-Pacific, operating in 17 countries. Lumesse Ltd. was founded in 1999 and is based in Bedfordshire, United Kingdom.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 48 of 138
Sector (Internet Software and Services) 5 of 20
Type (Divestiture) 7 of 10
Country (United Kingdom) 28 of 58
Year (2010) 3 of 8
Size (of disclosed) 21 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-29 Frösunda LSS AB

Solna, Sweden

Frösunda LSS AB provides personal assistance (care delivered to the home) and housing (group assisted accommodation) services for adults and children with physical or mental disabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-25 SimonsVoss Technologies

Unterfoehring, Germany

SimonsVoss Technologies GmbH is an electronic lock company.

Buy -

Seller(S) 1

SELLER

StepStone

Berlin, Germany

website

Category Company
Founded 1996
Sector Internet Software and Services
DESCRIPTION

StepStone is a European provider of job boards and job listing services.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-04 Totaljobs Group

London, United Kingdom

Totaljobs Group Ltd. is an online recruitment business. A place that helps 60,000 people find a job every month.

Buy £110M
Mergr

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