Hg

• Hg Capital Makes $500 Million Growth Investment in Rightsline

  May 28, 2026

  Buyer

  Hg Capital

  Target

  Rightsline

  Industry

  Cloud & SaaS

  Location

  California, United States

  Type

  Growth capital

  Rightsline, a rights and royalties management software provider, announced a $500 million strategic growth investment from Hg to accelerate AI innovation and international expansion. Klass Capital (majority owner since 2020), Salem Partners, and the broader management team will also invest alongside Hg as part of the transaction.

• Hg Leads Growth Investment in Teamworks

  April 28, 2026

  Buyer

  Hg, AllianceBernstein

  Target

  Teamworks

  Industry

  AI & Machine Learning

  Location

  North Carolina, United States

  Type

  Growth capital

  Teamworks, the operating system for elite sports, announced a growth investment led by Hg that more than doubles Hg’s total investment in the company to $200 million. The round, which also includes participation from AllianceBernstein, pushes Teamworks’ valuation to above $1.5 billion and is aimed at accelerating AI and data infrastructure and further sports-tech acquisitions.

• Hg (Saturn Fund) Acquires OneStream in $6.4 Billion All-Cash Take-Private

  January 6, 2026

  Buyer

  Hg, Onward AcquireCo, Inc., Onward Merger Sub 2, LLC, Onward Merger Sub, Inc.

  Target

  OneStream, Inc., OneStream Software LLC

  Seller

  KKR (funds managed by KKR & Co. Inc.)

  Industry

  Software

  Location

  Michigan, United States

  Type

  Buyout

  Hg, through its Saturn Fund, entered into a definitive agreement to acquire OneStream in an all-cash transaction valued at approximately $6.4 billion, with shareholders receiving $24.00 per share. OneStream’s Class A common stock stopped trading on Nasdaq following deal completion on April 1, 2026, and OneStream continues under CEO Tom Shea and the existing leadership team.

• Hg Invests in Parte to Accelerate Benelux and DACH Expansion

  September 23, 2025

  Buyer

  Hg

  Target

  Parte

  Seller

  Around Partners

  Industry

  Real Estate

  Location

  Belgium

  Type

  Growth capital

  Hg has made a growth investment in Parte to accelerate the company's expansion across the Benelux and DACH regions and to scale its AI-enabled property management platform. Parte, founded by Around Partners in 2020, manages more than 5,000 buildings and has over 450 employees across 27 regional offices.

• Hg Acquires Majority Stake in A-LIGN from Warburg Pincus

  July 8, 2025

  Buyer

  Hg, HgCapital Trust plc (HgT), Hg Genesis Fund (institutional clients)

  Target

  A-LIGN

  Seller

  Warburg Pincus

  Industry

  Cybersecurity

  Location

  Florida, United States

  Type

  Buyout

  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.

• Hg, ADIA and CPP Investments acquire minority stake in IFS at €15 billion valuation

  April 9, 2025

  Buyer

  Hg, A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Canada Pension Plan Investment Board (CPP Investments)

  Target

  IFS

  Seller

  EQT (selling via EQT VIII and EQT IX funds), TA Associates, Other minority investors

  Industry

  Software

  Location

  Sweden

  Type

  Growth capital

  Hg has increased its stake in enterprise software provider IFS to become a co-control shareholder alongside EQT, as new minority investors — a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments) — buy shares from EQT, TA Associates and other minority holders. The transaction values IFS at over EUR 15 billion and supports the company’s continued AI-driven growth after surpassing €1 billion in ARR and more than 7,000 employees globally.

• Hg Partners with Scopevisio AG to Accelerate Growth in DACH

  March 14, 2025

  Buyer

  Hg

  Target

  Scopevisio AG

  Industry

  Cloud & SaaS

  Location

  North Rhine-Westphalia, Germany

  Type

  Growth capital

  Hg has taken a stake in Bonn-based cloud business automation provider Scopevisio AG, partnering with founder and CEO Dr. Jörg Haas as joint shareholders. The minority growth investment (terms undisclosed) will support product innovation and expansion across the DACH region; Scopevisio serves over 7,500 customers and employs more than 300 people.

• Goldman Sachs Alternatives Acquires Majority Stake in Trackunit

  February 10, 2025

  Buyer

  Private Equity at Goldman Sachs Alternatives, Hg (reinvesting investor)

  Target

  Trackunit

  Seller

  Funds advised by Hg, GRO Capital

  Industry

  Cloud & SaaS

  Location

  North Jutland Region, Denmark

  Type

  Buyout

  Private Equity at Goldman Sachs Alternatives has agreed to acquire a majority stake in Trackunit from funds advised by Hg and GRO Capital, with Hg reinvesting alongside Goldman Sachs. Trackunit, a Denmark-headquartered SaaS and operating data platform for the construction ecosystem, will receive capital and strategic support to accelerate product development, international expansion and innovation; the deal is subject to customary regulatory approvals and expected to close in early summer.

• HarbourVest Partners Invests in Citation Group alongside KKR and Hg

  December 18, 2024

  Buyer

  HarbourVest Partners, KKR, Hg

  Target

  Citation Group

  Industry

  Cloud & SaaS

  Location

  England, United Kingdom

  Type

  Growth capital

  Citation Group, a UK-based provider of tech-enabled compliance and certification subscription solutions for SMEs, has welcomed a new investment from HarbourVest Partners. HarbourVest joins existing majority investors KKR and Hg to support Citation's international growth, AI product development and strategic acquisitions; financial terms were not disclosed.

• Téthys Invest and GIC take minority stakes in Septeo Group

  November 20, 2024

  Buyer

  Téthys Invest, GIC, Hg

  Target

  Septeo Group

  Industry

  Software

  Location

  Occitanie, France

  Type

  Growth capital

  French legal- and real-estate-focused software group Septeo has agreed to welcome two new minority investors — Téthys Invest (the Bettencourt‑Meyers family holding) and GIC — alongside existing majority investor Hg and management. The minority investment will fund continued R&D (including its AI "Brain" program) and support Septeo’s growth and expansion across France and Europe; the deal values the group at over €3 billion and Septeo reported ~€420m revenue and ~3,100 employees in 2024.

• Hg Invests in Empyrean Solutions with Spectrum Equity Participation

  November 20, 2024

  Buyer

  Hg, Spectrum Equity

  Target

  Empyrean Solutions

  Industry

  Software

  Location

  Massachusetts, United States

  Type

  Growth capital

  Hg has made a significant growth investment in Empyrean Solutions, a Woburn, Massachusetts-based provider of risk and performance management SaaS for banks and credit unions. Existing investor Spectrum Equity is participating alongside Hg and current shareholders including TechVenture Investors and management will remain invested; terms were not disclosed.

• Bowmark Reinvests in Focus Group as Hg Joins as Investor

  October 14, 2024

  Buyer

  Bowmark Capital, Hg

  Target

  Focus Group

  Industry

  IT Services

  Location

  West Sussex, United Kingdom

  Type

  Growth capital

  Bowmark Capital has reinvested in Focus Group alongside new investor Hg to fund the next stage of the company's growth. Focus Group, founded in 2003, provides digital workplace and managed IT solutions to approximately 30,000 SME customers, with revenues in excess of £250 million and over 900 staff; the investment will support further product, service and geographic expansion across the UK.

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