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HgCapital investment in Esendex

19 June 2017 08:08

HgCapital - the nanager of HgCapital Trust - has announced an investment in Esendex, a leading provider of mission-critical business messaging services across Europe.

HgCapital said the investment was being made from its Mercury Fund which focused on growth buyouts in the technology sector across Europe.

The terms of this transaction were not disclosed.

HgCapital said that on completion of the transaction, Esendex would be merged with existing Mercury portfolio company Mobyt, which provided similar business messaging services in Italy and France.

HgCapital Trust will invest approximately £8.9m in Esendex (including £5.5m in co-investment), in addition to the £2.7m of equity already invested in Mobyt.

Other institutional clients of HgCapital will invest alongside the company through the HgCapital Mercury Fund.

At 8:08am: (LON:HGT) HG Capital Trust PLC share price was -1p at 1557p

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