Hg, the Manager of HgCapital Trust plc ("HgT"), today announces an investment in Scopevisio AG, a leading innovator in cloud-based business automation.
The terms of the transaction are not disclosed.
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, 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 Scopevisio.
HgT's liquid resources available for future deployment (including all announced transactions, the undrawn bank facility and the proposed full year dividend payable in May 2025) are estimated to be £372 million (15% of the pro-forma 28 February 2025 NAV of £2.5 billion).
The investment will reduce HgT's outstanding commitments to invest in Hg transactions to approximately £1.4 billion (57% of the pro-forma 28 February 2025 NAV).
Scopevisio partners with Hg
to accelerate growth in DACH region
Bonn, Germany. 14 March 2025: Scopevisio AG, a leading innovator in cloud-based business automation, today welcomes Hg as a new partner. Hg is a leading investor in European and transatlantic software and services businesses.
Founded in 2007 in Bonn, Germany, Scopevisio serves mid-sized companies and business groups, offering a highly integrated Holistic Business Automation Platform for Commercial Solutions, with a particular strength in finance and accounting. This platform is designed to automate and optimise key commercial functions including finance, sales, procurement, organisation, document management and human resources. The fully unified system automates business processes and enhances efficiency through artificial intelligence.
The transaction will see Hg partner with Dr. Jörg Haas, Scopevisio's CEO and founder as joint shareholders in the business going forward. Hg brings a strong track record of backing software businesses in the ERP and accountancy space, having invested $28 billion over the past 20 years.
Dr. Jörg Haas, CEO and founder of Scopevisio, said: "We're thrilled to welcome Hg as our partner for Scopevisio's next growth chapter. Their deep expertise in ERP and accounting software, and experience in scaling cloud businesses, makes them the ideal partner as we look to expand our presence across the DACH region. Together, we'll accelerate product innovation and drive continued growth, while delivering exceptional value to our loyal customer base."
With more than 7,500 customers, primarily in the service sector, and over 300 employees across its group of companies, Scopevisio has established itself as an award-winning provider with a best-in-class product and high customer loyalty.
Benedikt Joeris, Partner at Hg, said: "Scopevisio sits right in our sweet spot, as a business with a compelling cloud-based product offering, high customer advocacy scores and strong recurring revenue. The DACH mid-market is picking up speed and embracing modern cloud solutions, creating an opportunity for significant growth potential. We're excited to partner with the Scopevisio team, to help build on their impressive foundation and continue scaling the business."
The transaction is subject to customary closing conditions. Terms of the transaction are not disclosed.
-Ends-
For further information, please contact:
HgCapital Trust
Laura Dixon and George Crowe
+44 (0)20 8396 0930
Cadarn
Lucy Clark
lucy@cadarncapital.com
+44 (0)7984 184 461
David Harris
david@cadarncapital.com
+44 (0)7368 883 211
Hg
Tom Eckersley
Sam Ferris
About HgCapital Trust plc
HgCapital Trust plc is an investment company whose shares are listed on the London Stock Exchange (HGT.L). HGT gives investors exposure, through a liquid vehicle, to a portfolio of high-growth unquoted companies, 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, see www.hgcapitaltrust.com and www.hgcapital.com
About Scopevisio
Scopevisio AG develops and operates a cloud-based business automation platform covering Finance, ERP, CRM, HCM, Payroll, POS, BI, and Organization. Designed for mid-sized companies across various industries, it simplifies and automates business processes while enabling seamless cross-location and cross-departmental collaboration.
Headquartered in Bonn, Germany, Scopevisio employs over 300 people in Germany and Austria and serves more than 7,500 customers with its innovative solutions.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come.
Hg's support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business - businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg's 400 employees and around $75 billion in funds under management support a portfolio of around 50 businesses, worth over $160 billion aggregate enterprise value, with around 120,000 employees, consistently growing revenues at more than 20% annually.
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