Hg Makes c.$1bn Strategic Investment in insightsoftware

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 Major Growth Investment in Hyperion Insurance Group

September 29, 2020

Insurance

Hg has made a significant long-term equity investment in Hyperion Insurance Group, valuing the business at an enterprise value of about US$5 billion and providing up to $1.5 billion to fund selective acquisitions and investments in data and technology. Hg will join existing investors General Atlantic and CDPQ as a long-term partner while Hyperion's management and employees remain the largest shareholder group; the transaction is subject to regulatory approvals.

Hg Leads Majority Investment in Sovos; TA Associates Joins as Minority Investor

August 20, 2020

Cloud & SaaS

Hg will lead a new majority investment in global tax software provider Sovos through its Hg Saturn 2 Fund, with TA Associates joining as a significant minority investor. The capital will support Sovos' geographic expansion, partner ecosystem growth and product/capability development as digital tax and regulatory transformation accelerates globally; terms were not disclosed and the deal was expected to close in H2 2020.

Hg Saturn Fund Acquires Personal & Informatik (P&I) from Permira

December 23, 2019

Cloud & SaaS

Hg (via its Saturn 1 Fund) has acquired a majority stake in Personal & Informatik AG (P&I), a Germany‑headquartered provider of cloud‑based HR software, from funds advised by Permira for an enterprise value of €2 billion. Permira funds retain a substantial minority stake and Hg-managed funds will be the majority shareholder, marking the fourth investment from the Hg Saturn 1 Fund and reinforcing Hg's focus on cloud HR/SaaS businesses.

Genstar Capital and TA Associates Invest in insightsoftware

August 14, 2019

Software

Genstar Capital has made a strategic growth investment in insightsoftware, the Raleigh-based provider of ERP and EPM reporting software, joining existing investor TA Associates. The capital will support insightsoftware’s product expansion and global growth into EMEA and APAC while the company continues to scale its cloud reporting and financial reporting solutions.

Hg Increases Ownership in Visma; Cinven Sells Remaining Stake

April 18, 2019

Software

Hg Saturn (Hg) and its investors agreed to a further ~€640 million equity investment in Visma, with the Canada Pension Plan Investment Board (CPPIB) committing ~€110 million. As part of the transaction Cinven sells its remaining stake, valuing Visma at an enterprise value of over €6.5 billion and leaving Hg-managed funds with about a 63% ownership alongside co-investors including GIC, ICG and Montagu.