(Alliance News) - HgCapital Trust PLC on Friday said it made a GBP4.8 million investment into Bonn, Germany-based cloud-based business automation firm Scopevisio AG.
London-based HgCapital Trust provides access to the private equity investments of manager Hg.
Hg said the investment is being made alongside other institutional clients of Hg, through the Hg Mercury 4 Fund.
"Scopevisio sits right in our sweet pot, as a business with a compelling cloud-based product offering, high customer advocacy scores and strong recurring revenue," said Hg Partner Benedikt Joeris.
"The DACH mid-market is picking up speed and embracing modern cloud solutions, creating an opportunity for significant growth potential. We're excited to partner with the Scopevisio team, to help build on their impressive foundation and continue scaling the business."
The deal is subject to the usual regulatory closing conditions, and neither Scopevisio nor Hg on Friday disclosed the terms of the transaction.
Shares in HgCapital Trust were up 0.6% at 510.00 pence in London on Friday morning. The stock has risen 11% over the past 12 months.
By Emily Parsons, Alliance News reporter
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