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HgCapital's Mercury Fund sells Relay Software

09 August 2016 07:41

HgCapital has sold Relay Software, a leading provider of software to insurance brokers, underwriters and insurers in the Republic of Ireland, to Applied Systems, the leading global provider of cloud-based insurance broker management software. HgCapital partnered with Relay Software in early 2014, representing the third investment for Mercury, HgCapital's specialist lower mid-market TMT fund. This exit marks the first full realisation for the Mercury fund, following four prior successful recapitalisations across the portfolio.

Story provided by StockMarketWire.com

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