Hg Leads Growth Investment in Silverfin to Accelerate International Expansion

Visma Acquires Silverfin

September 25, 2023

Cloud & SaaS

Norwegian software group Visma has acquired Silverfin, a Ghent-based cloud accounting software provider, to strengthen its position in cloud accounting across Europe and expand its presence in the Belgian market. Silverfin — founded in 2013 with ~170 employees and ~850 direct customers — will continue to scale its cloud-native post-accounting platform within Visma, leveraging its AI capabilities and international customer base.

Hg Makes c.$1bn Strategic Investment in insightsoftware

July 13, 2021

Cloud & SaaS

Hg’s Saturn 2 Fund will make a c.$1bn equity investment in insightsoftware to become a significant minority shareholder alongside TA Associates, in a transaction valuing the business at an enterprise value of around $4.0bn. The investment will support insightsoftware’s continued scale as a cloud financial reporting and EPM platform, with existing minority shareholders Genstar and ST6 remaining supportive and TA and Hg sharing joint control.

Hg Acquires Majority Stake in Fonds Finanz

December 10, 2021

Financial Services

Hg has made a majority investment in Fonds Finanz, a Munich-based tech-enabled financial intermediary pool serving insurance brokers, distributors and banks across Germany. The partnership will fund further technology investment, capability expansion into additional customer segments and potential add-on acquisitions to broaden Fonds Finanz's service offering.

Hg Makes Strategic Growth Investment in CINC Systems

December 14, 2023

Cloud & SaaS

CINC Systems, a Duluth, Georgia–based provider of cloud-based accounting, banking integration and payments software for the community association management industry, has secured a strategic growth investment from Hg. The investment will see Hg join CINC's founder, management team and existing investor Spectrum Equity to accelerate product innovation, go-to-market expansion and continued growth following strong 2023 performance.

Hg Makes Growth Investment in JTL-Software-GmbH

October 12, 2023

Software

Hg has made an additional growth investment in JTL-Software-GmbH to support the German e-commerce ERP provider's product development and regional expansion. JTL, headquartered in Hückelhoven, Germany, serves ~50,000 SMB customers and employs over 200 people across four locations.

Hg Leads Majority Investment in Litera

November 5, 2021

Cloud & SaaS

Hg, a leading software-focused private equity firm, has made a further majority investment in Litera to support the legal-technology company's continued growth, product innovation, and geographic expansion. The funding will be used to accelerate expansion into new areas and invest in innovation to strengthen Litera’s legal workflow and document-management offerings.