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HgCapital investment in Evaluate

08 November 2016 08:02

HgCapital, the manager of HgCapital Trust, has announced an investment in Evaluate Group, a London-headquartered provider of commercial intelligence to the global life sciences industry. The terms of this transaction have not been disclosed.

HgCapital Trust plc will invest in Evaluate, 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 £3.7 million.

This acquisition represents the eleventh investment by the Mercury Fund and, following completion, the fund will be approximately 72% invested.

At 8:02am: (LON:HGT) HG Capital Trust PLC share price was +9.5p at 1393.5p

Story provided by StockMarketWire.com

Related Company: HGT

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