Hg to Acquire AuditBoard for Over $3 Billion

AuditBoard to Acquire FairNow to Expand AI Governance Capabilities

October 22, 2025

Cloud & SaaS

AuditBoard, an AI-powered global platform for connected risk, audit, and compliance, announced it has reached a definitive agreement to acquire FairNow, an end-to-end AI Governance platform. The integration is intended to expand AuditBoard’s AI-first GRC offering with step-by-step, intelligent compliance guidance and governance tooling such as an AI registry and dynamic risk assessments.

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.

GB Group plc Acquires Acuant from Audax Private Equity

November 18, 2021

Cybersecurity

GB Group plc (GBG) has agreed to acquire Acuant, a leading identity verification and KYC/AML provider, for a cash-free, debt-free enterprise value of $736 million. The acquisition—sold by Audax Private Equity—adds Acuant's ~200+ employees and ~1,000 customers to GBG, accelerating GBG's expansion into the US and strengthening its global identity verification and fraud-prevention product suite.

Hg Recapitalises Riskalyze

August 25, 2021

Software

Hg, a leading investor in software and services, has agreed to acquire a majority interest in Riskalyze, the Auburn, California–based risk-centric wealth management SaaS platform. Founder and CEO Aaron Klein will reinvest a majority of his holdings and remain CEO as Riskalyze gains capital and support to scale its product, pursue organic growth and potential acquisitions.

FiscalNote Acquires Board.org

June 16, 2021

Professional Services

FiscalNote, a Washington, D.C.-based provider of policy and market intelligence, has acquired Board.org, an Austin-based operator of vendor-free, peer-to-peer executive communities. FiscalNote plans to expand Board.org's communities and introduce them to its existing customer base to enhance its suite of intelligence and workflow solutions.

Hg Acquires Majority Stake in GTreasury

May 18, 2023

Cloud & SaaS

Hg has made a majority investment in GTreasury, the Chicago-based treasury, payments, and risk management SaaS provider. GTreasury's management team and former majority owner Mainsail Partners will remain investors; Hg's capital and software operating expertise will support product development and geographic expansion. Terms were not disclosed.