Hg Capital Trust invests in cloud automation firm Scopevisio
Why we think this is neutral
The RNS announcement provides limited financial details about the investment in Scopevisio, making it difficult to assess the potential impact on HGT's financial performance. However, the partnership with Hg, a leading investor in the ERP and accountancy software space, suggests potential growth opportunities for Scopevisio and HGT.
Key Points
- HgCapital Trust plc (HGT) invests in Scopevisio AG, a leading cloud-based business automation platform
- HGT will invest approximately £4.8 million, with other Hg clients also investing through the Hg Mercury 4 Fund
- Hg, a leading investor in ERP and accountancy software, will partner with Scopevisio's CEO and founder to drive growth in the DACH region
- HGT's liquid resources available for future deployment are estimated at £372 million, with outstanding commitments of £1.4 billion
Summary
HgCapital Trust plc (HGT) has announced an investment in Scopevisio AG, a leading innovator in cloud-based business automation. HGT will invest approximately £4.8 million in Scopevisio, with other institutional clients of Hg investing alongside HGT through the Hg Mercury 4 Fund. HGT's liquid resources available for future deployment are estimated to be £372 million (15% of the pro-forma 28 February 2025 NAV of £2.5 billion), and its outstanding commitments to invest in Hg transactions are approximately £1.4 billion (57% of the pro-forma 28 February 2025 NAV).