HG Capital acquires European SaaS business
19th Aug 2013 11:31
HgCapital, a private equity investor, has acquired e-conomic, which provides of software as a service (SaaS) for SMEs in Europe. The purchase was made to further HgCapital's investment in growth mid-market companies within the SME software sector, which it believes will continue to grow strongly i
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreSmall caps round-up: AEA Tech, Expansys, HgCapital ...
17th Aug 2012 13:37
Trading since April 1st at AEA Technology Group has remained challenging, as expected, but the energy and sustainability consultancy stressed that good progress is being made in the implementation of the business plan. Discussion over the firm's strategic options to realise its value are on-going wi
Read moreHgCapital slashes divi after treading water in 2011
16th Mar 2012 10:39
HgCapital Trust, the listed arm of private equity firm HgCapital, said 2011 was all about protecting shareholder value in a tough year for equity markets. The firm's diluted net asset value (NAV) per share eased 2.0% to 1,069.3p at the end of 2011 from 1,090.7p a year earlier, but with dividend pay
Read moreBramson tightens hold on FCAM
4th Nov 2011 17:31
Activist investor Edward Bramson effectively staged a board room coup earlier this year at F&C Asset Management, but having installed himself as chairman, he has continued to build up his interest in the company. On Friday, he acquired a beneficial interest of 200,000 shares in the asset management
Read moreBench still in fashion, says HgCapital
18th Mar 2011 14:53
Americana, the Mancunian clothing group behind the Bench fashion label, continued to grow sales and earnings in the six months to 31 December, according to its private equity backer. Germany in particular was a good market for Americana, said HgCapital Trust, which owns 45% of the business. HgCap
Read moreHgCapital Trust's £6m gain
10th Feb 2011 12:45
HgCapital Trust has made a £6m gain on the sale of its stake in SiTel Semiconductor. The investment will raise cash of £9.6m, against a book value of £3.6m at the end of November 2010. The uplift is worth an additional 16.3p a shave in net asset value - on a fully diluted basis. The investment was
Read moreIncoming Whitbread boss takes another slice
17th Nov 2010 17:56
Whitbread's incoming chief executive Andy Harrison has continued signalling his commitment to his new employers, spending nearly £500,000 on shares in the hotel and coffee shop operator. He bought 29,439 shares at 1,685.74 a time and now has 161,673. Harrison, who used to be chief executive at eas
Read moreResults round-up: Psion, Penna, 4imprint ...
4th Nov 2010 16:48
International mobile computing solutions company Psion said that trading is being negatively affected by current exchange rates affecting revenues and gross margins when compared with the first half. However, CEO John Conoley said the group has seen stronger demands for new products - with several
Read moreHG Capital's portfolio showing sales growth
6th Oct 2010 15:07
Private equity investment group HG Capital Trust has seen an improvement in the market for new buy-out investment in the last 12 months, with bank finance more freely available. Since 30 June 2010 the total return (net asset value - or NAV - per share plus dividend) increased by 2.2%, compared with
Read moreUPDATE: European Buyouts Power Ahead On Pass-the-Parcel Deals
2nd Aug 2010 16:11
(Adds detail.) By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European private equity buyouts continue to gather steam, with activity fueled by a string of "pass-the-parcel" deals in which private equity firms sell on to each other rather than trade buyers or to the public
Read moreEuropean Buyouts Power Ahead Boosted By Pass the Parcel Deals
2nd Aug 2010 13:28
LONDON (Dow Jones)--European private equity buyouts continue to gather steam with activity fueled by a string of 'pass the parcel' deals in which private equity firms sell on to each other rather than trade buyers or to the public markets in an initial public offering, according to a study released
Read moreHgCapital Beats Cinven For Bain's TeamSystem - Source
2nd Aug 2010 10:44
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Buyout firm HgCapital has beaten rival Cinven Group in bagging TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, a person familiar with the situation told Dow Jones Newswires on
Read moreSage Pulls Out Of Auction For Bain's TeamSystem - Source
30th Jul 2010 18:05
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--In a surprise move, Sage Group PLC (SGE.LN) has withdrawn from the auction for TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, a person familiar with the company told Dow Jones
Read moreBuyout Firms Wary On Cleantech Deals, Want Govt Assurance
29th Jul 2010 00:01
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Private equity firms want to invest in the cleantech sector but are holding back because a lack of regulatory control and government financial incentives makes it too risky, according to research released Friday. Investments in
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