HgCapital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, HgCapital has acquired 21 companies. It has also invested in 7 others.

HgCapital’s most common sectors for investment aresoftware (32%) and internet software and services (17%) . The Firm’s most common investment types include secondary buyout (34%) and buyout (lbo, mbo, mbi) (24%). In total, HgCapital has invested in 11 US states and 17 different countries. Its largest (disclosed) acquisition occurred in 2023 when it acquired IRIS Software Group for $4.8B.

In the last 3 years, HgCapital has exited 14 companies. The Firm’s most common exit type is trade sale (48%). HgCapital’s largest (disclosed) exit occurred in 2023 when it sold IRIS Software Group for $4.8B.

Join Mergr to view HgCapital’s full profile and discover more mega-sized private equity firm investors just like it.

M&A Summary

  • M&A Total Activity239
    • M&A Buy Activity147
    • M&A Sell Activity92
  • Total Sectors Invested 32
  • Total Countries Invested 17
  • M&A Buy/Sell Connections 70
  • M&A Advisors 47

HgCapital

HgCapital LLP

2 More London Riverside,
London, SE1 2AP
United Kingdom
+44 (0)20 8396 0930
www.hgcapital.com
info@hgcapital.com

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.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Automotive, Beverages, Business Services, Communications, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Environmental, Food, Furniture, Gaming, Healthcare Services, Information Technology, Infrastructure, Internet Software and Services, Leisure, Life Science, Machinery, Manufacturing, Marketing, Media, Medical Products, Metals/Mining, Publishing, Real Estate, Renewable Energy, Restaurants, Retail, Safety/Security, Semiconductors, Software, Staffing, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Special Situations/Distressed, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (7.0/yr) # 112 9 12 5 3 6 147
vol $8.7B $1.7B $3.0B $13.4B
Sell (3.8/yr) # 73 5 4 5 3 2 92
vol $10.6B $1.6B $3.1B $5.2B $20.4B
  239

Most Recent M&A

Company Date Value Type
Ncontracts LLC 2024-09-04 - Secondary Buyout
Brentwood, Tennessee · www.ncontracts.com
Grupo CTAIMA 2024-08-02 - Growth Capital
Tarragona, Spain · www.ctaima.net
F24 AG 2024-07-01 - Secondary Sale
Munich, Germany · www.f24.com
AuditBoard, Inc. 2024-05-23 3.0B USD Buyout (LBO, MBO, MBI)
Cerritos, California · www.auditboard.com
Focus Group 2024-04-15 - Secondary Buyout
London, United Kingdom · www.focusgroup.co.uk
Cube Content Governance Global Ltd. 2024-03-20 - Secondary Buyout
London, United Kingdom · www.cube.global
Induver Group 2024-03-04 - Buyout (LBO, MBO, MBI)
Antwerp, Belgium · www.induver.be
MeinAuto GmbH 2024-01-02 - Trade Sale
Cologne, Germany · www.meinauto.de
IRIS Software Group Ltd. 2023-12-23 4.8B GBP Secondary Sale
Slough, United Kingdom · www.iris.co.uk
JTL-Software-GmbH 2023-10-12 - Growth Capital
Huckelhoven, Germany · www.jtl-software.de
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Access Group 2015-01-19 Paytronix Systems, Inc. 2024-11-01 18
Loughborough, United Kingdom · www.theaccessgroup.com Newton, Massachusetts · www.paytronix.com
Access Group 2015-01-19 QikServe Ltd. 2024-09-25 17
Loughborough, United Kingdom · www.theaccessgroup.com Edinburgh, United Kingdom · www.qikserve.com
Ncontracts LLC 2024-09-04 Venminder, Inc. 2024-09-04 1
Brentwood, Tennessee · www.ncontracts.com Elizabethtown, Kentucky · www.venminder.com
Industrial & Financial Systems IFS AB 2015-11-30 EmpowerMX 2024-07-10 14
Linköping, Sweden · www.ifs.com Frisco, Texas · www.empowermx.com
Mitratech Holdings, Inc. 2021-05-18 HotDocs Ltd. 2024-06-10 10
Austin, Texas · www.mitratech.com Scotland, United Kingdom · www.hotdocs.com
Access Group 2015-01-19 Sceptre Hospitality Resources LLC 2024-06-06 16
Loughborough, United Kingdom · www.theaccessgroup.com Houston, Texas · www.shr.global
Cube Content Governance Global Ltd. 2024-03-20 Thomson Reuters - Regulatory Intelligence Business 2024-05-16 1
London, United Kingdom · www.cube.global Toronto, Ontario
IRIS Software Group Ltd. 2023-12-23 SwipeClock LLC 2024-05-15 1
Slough, United Kingdom · www.iris.co.uk South Jordan, Utah · www.swipeclock.com
Mitratech Holdings, Inc. 2021-05-18 Mineral, Inc. 2024-01-09 9
Austin, Texas · www.mitratech.com Portland, Oregon · www.trustmineral.com
Mitratech Holdings, Inc. 2021-05-18 Syntrio, Inc. 2024-01-09 8
Austin, Texas · www.mitratech.com Northbrook, Illinois · www.syntrio.com

M&A by Sector

Sector Current # Value All-time # Value
Software 27 (48%) 8.1B (59%) 47 (31%) 10.9B (55%)
Internet Software and Services 9 (16%) 5.3B (38%) 25 (17%) 5.5B (28%)
Business Services 5 (9%) - 14 (9%) 77M (< 1%)
Information Technology 7 (13%) - 12 (8%) -
Healthcare Services - - 6 (4%) 363M (2%)
Renewable Energy 1 (2%) - 5 (3%) -
Insurance 3 (5%) 385M (3%) 4 (3%) 385M (2%)
Distribution - - 3 (2%) 664M (3%)
Automotive 1 (2%) - 3 (2%) 190M (1%)
Electronics - - 3 (2%) 130M (1%)
Communications 1 (2%) - 2 (1%) 244M (1%)
Machinery - - 2 (1%) 231M (1%)
Publishing 1 (2%) - 2 (1%) 115M (1%)
Consumer Services - - 2 (1%) -
Staffing - - 2 (1%) -
Technology Hardware 1 (2%) - 2 (1%) -
Test/Measurement Equipment - - 2 (1%) -
Manufacturing - - 1 (1%) 366M (2%)
Apparel/Textiles - - 1 (1%) 292M (1%)
Life Science - - 1 (1%) 101M (1%)
Leisure - - 1 (1%) 62M (< 1%)
Infrastructure - - 1 (1%) 54M (< 1%)
Media - - 1 (1%) 52M (< 1%)
Consumer Products - - 1 (1%) -
Digital Media - - 1 (1%) -
Electrical Equipment - - 1 (1%) -
Energy Services and Equipment - - 1 (1%) -
Food - - 1 (1%) -
Information Services - - 1 (1%) -
Metals/Mining - - 1 (1%) -
Restaurants - - 1 (1%) -
Semiconductors - - 1 (1%) -
Total 56 $13.7B 151 $19.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United Kingdom 14 (25%) 6.9B (50%) 59 (39%) 10.0B (51%)
Germany 9 (16%) 2.3B (16%) 28 (19%) 2.9B (15%)
United States 15 (27%) 4.6B (33%) 19 (13%) 4.6B (23%)
  New York 2 (4%) - 3 (2%) -
  California 2 (4%) 3.0B (22%) 2 (1%) 3.0B (15%)
  Massachusetts 2 (4%) - 2 (1%) -
  Illinois 2 (4%) - 2 (1%) -
  Texas 1 (2%) 1.6B (11%) 2 (1%) 1.6B (8%)
  Georgia 1 (2%) - 2 (1%) -
  Florida 1 (2%) - 2 (1%) -
  Tennessee 1 (2%) - 1 (1%) -
  Pennsylvania 1 (2%) - 1 (1%) -
  North Carolina 1 (2%) - 1 (1%) -
  New Jersey 1 (2%) - 1 (1%) -
Netherlands 1 (2%) - 8 (5%) 490M (2%)
Ireland 2 (4%) - 5 (3%) -
Canada 4 (7%) - 4 (3%) -
  Ontario 2 (4%) - 2 (1%) -
  Quebec 1 (2%) - 1 (1%) -
  Alberta 1 (2%) - 1 (1%) -
France 3 (5%) - 4 (3%) -
Belgium 2 (4%) - 4 (3%) -
Italy 1 (2%) - 4 (3%) 637M (3%)
Norway 2 (4%) - 3 (2%) 588M (3%)
Spain 1 (2%) - 3 (2%) -
Denmark 1 (2%) - 3 (2%) -
Sweden 1 (2%) - 2 (1%) -
Switzerland - - 2 (1%) 366M (2%)
New Zealand - - 1 (1%) 255M (1%)
Australia - - 1 (1%) -
Finland - - 1 (1%) -
Domestic 14 (25%) 6.9B (50%) 59 (39%) 10.0B (51%)
Cross-border 42 (75%) 6.8B (50%) 92 (61%) 9.8B (49%)
Total 56 $13.7B 151 $19.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 22 (39%) 9.0B (66%) 50 (33%) 12.0B (61%)
Buyout (LBO, MBO, MBI) 11 (20%) 3.0B (22%) 36 (24%) 3.7B (18%)
Growth Capital 11 (20%) - 27 (18%) -
Stake Purchase 3 (5%) - 12 (8%) 54M (< 1%)
Divestiture 1 (2%) - 10 (7%) 1.3B (7%)
Going Private 2 (4%) 1.7B (12%) 8 (5%) 2.7B (14%)
Consolidation 4 (7%) - 4 (3%) -
Recapitalization 2 (4%) - 3 (2%) -
PIPE - - 1 (1%) -
Total 56 $13.7B 151 $19.8B

Exits by Deal Type

Type Total # Value
Secondary Sale 33 (36%) 12.5B (61%)
Trade Sale 25 (27%) 1.5B (7%)
Trade Sale - Public Company 23 (25%) 6.4B (31%)
Merger 5 (5%) -
IPO 2 (2%) -
Sold to Management 2 (2%) -
Bankruptcy 1 (1%) -
Unknown 1 (1%) -
Total 92 $20.3B

Top M&A Advisors

Financial Deals
Deloitte
 8
Rothschild Global Advisory
 6
Robert W. Baird & Co., Inc.
 4
Legal Deals
Clifford Chance
 9
Linklaters
 6
Skadden, Arps, Slate, Meagher & Flom
 5

Deal Values

buy # Total
> $1B 5 $13.3B
$100M to $1B 20 $6.0B
< $100M 7 $449M
TOTAL $19.8B
Largest IRIS Software Group Ltd.
$4.8B (2023-12-23)
sell # Total
> $1B 6 $12.0B
$100M to $1B 22 $8.0B
< $100M 6 $394M
TOTAL $20.4B
Largest IRIS Software Group Ltd.
$4.8B (2023-12-23)

M&A Connections

Deals
Acquired from
Investor(s)
36%
55 (36%)
Strategic(s)
7%
10 (7%)
Exited to
Investor(s)
35%
32 (35%)
Strategic(s)
53%
49 (53%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

70.0B USD

Established

2000

Specialist/Generalist

Generalist

Leadership

Justin von Simson

Managing Partner

Matthew Brockman

Managing Partner

Vijay Bharadia

CFO

Polly Dean

Head of Central Operations

Amr Ellabban

Head of Data & AI

FAQ

When was HgCapital founded?

HgCapital was founded in 2000.

What type of investor is HgCapital?

HgCapital is a private equity firm.

Where is HgCapital headquartered?

HgCapital is headquartered in London, United Kingdom.

How much capital does HgCapital have under management?

HgCapital has 70.0B USD under management.

 Subscribe to unlock this and 208,107
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal