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HgCapital investment in STP

10 May 2016 08:15

HgCapital, the manager of HgCapital Trust plc, has announced an investment in STP Group, a leading provider of insolvency and law practice software, based in Germany. HgCapital Trust plc will invest in STP, alongside other institutional clients of HgCapital, who will participate through the Mercury Fund.

The trust, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all HgCapital's investments. The trust will contribute a total of approximately GBP6.6 million. This acquisition represents the ninth investment by the Mercury Fund and, following completion, the Fund will be approximately 64% invested.

At 8:15am: (LON:HGT) HG Capital Trust PLC share price was +6.5p at 1177.5p

Story provided by StockMarketWire.com

Related Company: HGT

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