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

Hg Makes c.$1bn Strategic Investment in insightsoftware

July 13, 2021

Cloud & SaaS

Hg’s Saturn 2 Fund will make a c.$1bn equity investment in insightsoftware to become a significant minority shareholder alongside TA Associates, in a transaction valuing the business at an enterprise value of around $4.0bn. The investment will support insightsoftware’s continued scale as a cloud financial reporting and EPM platform, with existing minority shareholders Genstar and ST6 remaining supportive and TA and Hg sharing joint control.

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.

Permira and Hg take co-controlling stakes in GGW Group

December 8, 2023

Insurance

Permira announced in December 2023 that a Permira-backed vehicle agreed to acquire GGW Group, the Hamburg-based insurance brokerage and MGA platform. In April 2024 Hg completed a new investment from its Hg Saturn fund and will own a co-controlling stake alongside Permira; GGW operates more than 60 brokerages and MGAs and employs over 1,700 people as it scales across Germany and Europe.

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 Becomes Significant Shareholder in Pirum Systems

December 10, 2021

Cloud & SaaS

Hg will become a significant shareholder in Pirum Systems, sharing joint control with existing backer Bowmark Capital while Pirum's management retains a significant stake. The investment will support Pirum's global expansion and further product and capability development across its post-trade automation and collateral management platform.

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.