TIDMHGT
RNS Number : 5856G
HgCapital Trust PLC
20 July 2023
Hg, the Manager of HgCapital Trust plc ("HGT"), today announces
an investment in Nomadia, a leading European SaaS provider of smart
mobility solutions.
The terms of the transaction are not disclosed.
HGT will invest approximately GBP6 million in Nomadia, with
other institutional clients of Hg investing alongside HGT through
the Hg Mercury 3 Fund.
HGT, whose shares are listed on the London Stock Exchange, gives
private and institutional investors the opportunity to participate
in all Hg's investments.
Note that these figures only relate to HGT's share of Hg's
overall investment in Nomadia.
HGT's liquid resources available for future deployment
(including all announced transactions, the undrawn bank facility)
are estimated to be GBP659 million (30% of the pro-forma 31 March
2023 NAV of GBP2.2 billion).
The investment will reduce HGT's outstanding commitments to
invest in Hg transactions to approximately GBP1.0 billion (47% of
the pro-forma 31 March 2023 NAV).
HGT will be announcing its interim results to 30 June 2023 on 18
September 2023.
Nomadia secures investment from Hg
to help build a European leader in smart mobility and field
service management software
Paris, France. 20(th) July 2023. Nomadia, a leading European
SaaS provider of smart mobility solutions, announced that it has
secured a majority investment from Hg, a leading investor in
European and transatlantic software and services businesses. As
part of this transaction, the Nomadia management team and former
majority owners will continue as investors in the business.
Headquartered in France, Nomadia's mobile applications and SaaS
solutions enable companies to plan and optimize their mobile
workers' travel and activity in real-time. Its solutions address
the daily needs of mobile professionals such as technicians, sales
representatives and delivery drivers. Nomadia delivers tangible ROI
to its clients including material productivity gains and can reduce
CO2 emissions by up to 30%. It serves over 2,200 clients and more
than 188,000 users across 28 countries.
Fabien Breget, CEO of Nomadia, said: "This investment from Hg is
both a testament of Nomadia's leading position and a recognition of
the great work from our team. We were impressed by Hg's depth of
expertise, agility in execution and partnership mindset. Hg brings
a network of talent, significant financial capital and decades of
experience in scaling premium software businesses. This partnership
represents a formidable springboard to accelerate our development,
product innovation and international ambition."
Nomadia sits at the core of Hg's experience in ERP & Payroll
software, where it currently has over EUR7 billion capital at work.
Over the past 12 months, Hg has raised over EUR20 billion
additional capital for new investments and recently opened an
office in Paris, France, to further accelerate its activity in the
region.
Alexandre Flavier, Partner at Hg, said: "We are delighted to
partner with Fabien and his talented team. We were impressed by the
quality of their products, the strength of their clients' feedback,
and the impact of their mission: to enable mobile workforces to
gain productivity while increasing safety standards and reducing
CO2 emissions. We look forward to helping them build a European
champion, accelerating their growth at scale and beyond
borders."
Going forward Hg's investment and expertise will be used to
support Nomadia's investment in R&D and product innovation,
including in AI, IoT and machine learning. The company will be able
to leverage best practices from the Hg portfolio, notably in
go-to-market, operational excellence, and tech platform roadmap,
and capitalize on access to Hg's deep network of talent. Hg will
also support Nomadia's international growth, both organically and
via acquisitions, to reinforce the business' leadership position in
Europe.
For further details:
Hg
Tom Eckersley +44 (0)208 148 5401
HgCapital Trust
Laura Dixon +44 (0)20 8396 0930
Brunswick
Azadeh Varzi +44 (0)207 404 5959
Hg@brunswickgroup.com
About HgCapital Trust plc
HgCapital Trust plc, whose shares are listed on the London Stock
Exchange (ticker: HGT.L), gives investors exposure through a liquid
vehicle to a portfolio of high-growth private companies in the
software and services sector. The selection of new investments and
creation of value in these businesses are managed by Hg, an
experienced and well-resourced private equity firm with a long-term
track record of delivering superior risk-adjusted returns for its
investors. For further details, please see
www.hgcapitaltrust.com.
The contents of the Hg, HgCapital Trust and Nomadia websites are
not incorporated into, and do not form part of, this
announcement.
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