Investment Summary

HgCapital Invests In Trace One

On March 8, 2016, private equity firm HgCapital invested in internet software and services company Trace One

Investment Highlights
  • This is HgCapital’s 9th transaction in the Internet Software and Services sector.
  • This is HgCapital’s 1st transaction in France.
Investment Fate
  • Trace One was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2016-03-08
Target Trace One
Sector Internet Software and Services
Investor(s) HgCapital
Deal Type Growth Capital

Target

Trace One

Paris, France
Trace One is a collaborative retail business platform for consumer-packaged-goods (CPG). The company provides one SaaS inclusive platform with multiple interlocking business applications, including product lifecycle management, sourcing, and compliance. It enables customers to create higher quality, trusted, and compliant own-branded goods faster, delivering benefits to their consumers and the environment. Trace One was formed in 2001 and is based in Paris, France.

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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 86 of 152
Sector (Internet Software and Services) 9 of 25
Type (Growth Capital) 10 of 28
Country (France) 1 of 4
Year (2016) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Citation

Wilmslow, United Kingdom

Citation is a partner to UK small and medium-sized enterprises in the areas of employment law, HR, and health & safety compliance. Citation offers a cost-efficient, effective solution that makes even smaller employers compliant with best practices in H&S and HR, with measurable results in improving workplace safety. Citation was established in 1995 and is based in Wilmslow, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 Raet

Amersfoort, Netherlands

Raet is a provider of HR cloud software and services. The company provides a cloud-based, integrated HR software suite covering the Human Capital Management needs of both large and small businesses globally. Raet was founded in 1965 and is based in Amersfoort, Netherlands.

Buy -