M&A Deal Summary

HgCapital Acquires Focus Group

On April 15, 2024, private equity firm HgCapital acquired communications company Focus Group from Bowmark Capital

Acquisition Highlights
  • This is HgCapital’s 2nd transaction in the Communications sector.
  • This is HgCapital’s 59th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-04-15
Target Focus Group
Sector Communications
Buyer(s) HgCapital
Sellers(s) Bowmark Capital
Deal Type Secondary Buyout

Target

Focus Group

London, United Kingdom
Focus Group is a provider of communications and IT solutions. Focus provides a range of integrated technology solutions including hosted voice, cloud applications, mobile, connectivity, and IT services. Focus Group was founded in 2003 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B 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 149 of 152
Sector (Communications) 2 of 2
Type (Secondary Buyout) 49 of 50
Country (United Kingdom) 59 of 59
Year (2024) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Cube

London, United Kingdom

Cube offers a comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. The company's regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe. Cube was founded in 2011 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-23 AuditBoard

Cerritos, California, United States

AuditBoard is a cloud-based platform transforming audit, risk, compliance, and ESG management. AuditBoard was founded in 2014 and is based in Cerritos, California.

Buy $3.0B

Seller(S) 1

SELLER

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bowmark Capital is a private equity firm that targets investments in smaller, growth-oriented companies based in the UK. Bowmark considers investments across a range of industries with a strong interest in Business & Financial Services, Consumer & Leisure, Education & Training, Healthcare, Media, and Technology. Bowmark funds individual equity investments of up to £200 million and focuses on investing in UK companies which are valued between £25 million and £300 million. Bowmark was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 30 of 30
Sector (Communications) 2 of 2
Type (Secondary Buyout) 16 of 16
Country (United Kingdom) 28 of 28
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 CubeLogic

London, United Kingdom

CubeLogic is a supplier of risk management software solutions for the energy, commodity, and financial markets. The company's software uses business intelligence to enable clients to monitor and manage exposures arising from market risk, credit risk, liquidity risk, and regulatory compliance. It addresses the increasing demand for robust, cost-effective solutions for risk management. CubeLogic was formed in 2009 and is based in London, United Kingdom.

Buy -