Hg Acquires Majority Stake in F24
July 7, 2020
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.
- Buyers
- Hg
- Targets
- F24
- Sellers
- Armira, Ralf Meister
- Industry
- Software
- Location
- Bavaria, Germany
- Transaction Type
- Buyout
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