Investment Summary

HgCapital Invests In CaseWare

On October 27, 2020, private equity firm HgCapital invested in software company CaseWare

Investment Highlights
  • This is HgCapital’s 30th transaction in the Software sector.
  • This is HgCapital’s 3rd transaction in Canada.
  • This is HgCapital’s 1st transaction in Ontario.

Investment Summary
Date 2020-10-27
Target CaseWare
Sector Software
Investor(s) HgCapital
Deal Type Growth Capital

Target

CaseWare

Toronto, Ontario, Canada
CaseWare develops cutting-edge audit software solutions for accounting firms, corporations, and governments. CaseWare’s platforms – Working Papers and IDEA – aim to change the future of audit and audit analytics by adopting cloud technology as well as artificial intelligence and machine learning, enabling measurable returns on efficiency, quality and value, for customers and their clients. CaseWare was formed in 1988 and is based in Toronto, Ontario.

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Investor(S) 1

Investor

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 120 of 151
Sector (Software) 30 of 47
Type (Growth Capital) 18 of 27
State (Ontario) 1 of 2
Country (Canada) 3 of 4
Year (2020) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 A-Plan

Witney, United Kingdom

A-Plan Ltd. is a UK specialist multichannel insurance broking group with a focus on personal lines and a growing presence in specialized products such as SME policies. The group’s core proposition is a branch-led, service-driven offering, valued by its large base of loyal customers that today make up over 1.5 million policies nationally. A-Plan was formed in 1963 and is based in Witney, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 STP

Karlsruhe, Germany

STP is a one-stop-shop solution provider, empowering the digitization of insolvency and legal practitioners. It provides a fully integrated legal tech platform comprising workflow automation, ERP software, specialist technical outsourcing, and data businesses. STP’s solutions are deeply embedded in the insolvency ecosystem and commercial law segment, with a dedicated full-suite offering. STP was formed in 1993 and is based in Karlsruhe, Germany.

Sell -
Mergr

Product

Company

Legal