Altor Acquires Majority Stake in F24 from Hg

Hg Acquires Majority Stake in F24

July 7, 2020

Software

Hg has agreed to invest in F24, a Munich-headquartered pan-European leader in emergency notification, crisis and incident management, and critical communications, becoming the majority shareholder after purchasing stakes from Armira and co-founder Ralf Meister. The transaction (terms undisclosed) will support F24's second phase of its buy-and-build strategy to accelerate international growth; F24 serves 2,500+ clients, employs ~170 people across 12 locations, and will keep its executive board significantly invested.

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 Acquires Majority Stake in LucaNet AG

April 11, 2022

Cloud & SaaS

Hg has agreed to acquire a majority stake in Germany-headquartered financial consolidation and planning software provider LucaNet AG. The investment will support LucaNet's shift to a best-in-class SaaS product, accelerate international sales, and fund M&A to expand capabilities while the founders retain a substantial minority stake and Dominik Duchon will continue as CEO.

Hg Acquires Majority Stake in A-LIGN from Warburg Pincus

July 8, 2025

Cybersecurity

Hg has acquired a majority stake in A-LIGN from Warburg Pincus to support the cybersecurity compliance firm's next phase of global expansion. HgCapital Trust plc and other institutional clients of Hg (via the Hg Genesis Fund) are investing alongside Hg; terms were not disclosed. A-LIGN, headquartered in Tampa, Florida, is a tech-enabled cyber compliance and audit provider serving over 5,700 clients and will leverage Hg's resources to scale internationally and expand services.

F2 Strategy Acquires Aliter Investment Services

July 13, 2025

Financial Services

F2 Strategy, a Chicago-based wealth management technology and marketing services firm, has acquired Aliter Investment Services, a Boston-based professional services firm specializing in operations and technology transformation for investment managers and asset servicing providers. The acquisition establishes asset servicing as F2's third core vertical, expanding the firm's capabilities across pooled investment servicing and enhancing its strategic consulting and delivery across the financial services ecosystem.

Audax Private Equity Acquires 48forty Solutions from Grey Mountain Partners

December 1, 2020

Logistics & Distribution

Audax Private Equity has acquired a controlling interest in 48forty Solutions from Grey Mountain Partners. The investment positions 48forty — a leading North American pallet management and reverse logistics provider with a national network of facilities and over 2,400 employees — for continued organic growth and strategic add-on acquisitions to expand its product and service offerings.