Hg Acquires Majority Stake in LucaNet AG

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.

Altor Acquires Majority Stake in F24 from Hg

July 1, 2024

Cloud & SaaS

Altor has acquired a majority stake in F24 AG from Hg, with F24's management reinvesting in the company. The private equity partnership is intended to accelerate F24's growth and support continued regional expansion of its Business Resilience SaaS offerings.

Hg Acquires CUBE from Bregal Milestone

March 20, 2024

Cloud & SaaS

Hg has acquired a stake in CUBE, a UK-headquartered leader in AI-driven automated regulatory intelligence and regulatory change management, with CUBE founder and CEO Ben Richmond investing alongside Hg. The transaction represents a full exit for Bregal Milestone; terms were not disclosed. Hg said it will support CUBE's next phase of growth to scale the product, expand globally and pursue complementary M&A.

Hg Acquires Majority Stake in Nomadia

July 20, 2023

Cloud & SaaS

Hg has made a majority investment in Nomadia, a Paris-based SaaS provider of smart mobility and field service management software. Nomadia's management team and former majority owners remain investors; Hg will support international expansion, R&D (including AI and IoT) and potential M&A to build a European leader. Terms were not disclosed.

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 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.