HgCapital boosts senior team

The London and Munich-based sector specialist has made four new appointments.

HgCapital has promoted two to partner and hired two senior investment professionals ahead of an expected return to market with its eighth flagship vehicle later this year.

Amanda Good, who joined the firm in 2013 from Bain & Company and is a member of the firm’s 11-strong portfolio team, has been promoted to partner, it said. Good also chairs the firm’s portfolio review committee.

Sebastien Briens sits on the firm’s TMT team and leads investments for the Mercury Fund, the firm’s small TMT buyout vehicle. Briens joined the firm in 2011 from Quadrangle.

The promotions of Good and Briens brings the total number of partners at HgCapital to 15.

The Mercury Fund, which targets buyouts in TMT companies with an enterprise value of up to £100 million ($146 million; €130 million) in Europe, is now 64 percent invested following its ninth acquisition earlier this month of German insolvency and law practice software provider STP Group, according to Numis Securities.

HgCapital Mercury is a 2011-vintage vehicle that raised £380 million, according to PEI Research & Analytics. Its investors include Pantheon Ventures, Aberdeen Asset Management and Partners Group.

Florian Wolff has joined the firm’s Munich office as an investment director, arriving from Advent International, the firm said. Enrico Grasso, previously at KKR, has been recruited to the TMT team in London. The firm now has 125 people in London and Munich.

HgCapital, which specialises in TMT, business services and industrials, is also investing from HgCapital 7, a £2 billion, 2013-vintage vehicle that targets businesses with an enterprise value of more than £100 million. The firm invests in renewable energy, through a dedicated fund, HgCapital Renewable Power Partners.

The firm appointed its first head of portfolio talent, Tom Maddison, in August, to focus on developing talent within its portfolio companies and the firm itself, as reported by Private Equity International.