HG Capital

Optimising exits in an environment where liquidity is challenging has become a mainstay in some managers’ playbooks.

Hg increased its stake in German HR software firm P&I in March, while Permira fully exited its position.

Muted appetites have led to steep discounts, leaving some listed private equity trusts vulnerable to shareholder activism and an incoming tide of potential competitors.

Portfolio companies increasingly want to 'work with the best of the best', according to research from consultancy firm Nepean.

European private equity firm Hg Capital has acquired a majority interest in Prophix, a Mississauga, Ontario-based provider of corporate performance management software.

Cinven said June 29 that it sold its 40 percent stake in Visma to an investor group led by HgCapital. Cinven said it would retain a minority stake in the group. The total transaction is valued at 4.7 billion euros ($5.36 billion). Visma provides software to SMBs in the Nordic and Benelux region. Cinven was advised on this transaction by Freshfields Bruckhaus Deringer.

Fe3 Medical, a San Antonio, Texas-based company developing a transdermal patch that delivers iron for patients suffering from iron-deficiency anemia, closed an $11 million Series B financing round led by Jianmin Pharmaceuticals, HG Capital and PingAn Ventures. Existing investor InCube Ventures also participated in the round. Fe3 was spun out of InCube Labs, an incubator for medical and technology companies.

Nair & Co., a portfolio company of HG Capital, said Friday that it has named Chris Stone as CEO, effective immediately. Prior to joining Nair & Co., Stone served as CEO at Northgate Information Services. Headquartered in Bristol, UK, Nair & Co., is a provider of international business expansion services.

The £108bn pension pool expanded its private markets portfolio during the financial year ending 31 March, with co-investment remaining a key area of focus, according to its latest annual report.

LPs are keeping a close eye on trade and tariff developments, but are not changing their allocation strategies and investment portfolio mix yet.

NAV terms appear to be more conservative than some might have assumed. Plus: New Mexico's sovereign wealth fund is pivoting towards venture capital. Here's today's brief, for our valued subscribers only.

The sale comprised 13 fund investments, eight of which held vintages of 2013 or earlier, with the funds offloaded for an adjusted purchase price of $737.1m, according to documents seen by Buyouts.

Via its Capital Constellation platform, the NY alternative manager is adding a European software data-focused PE firm to its sizable portfolio of GP investments.

Welkin China Private Equity Limited will seek $300m to invest in a mix of secondaries, co-investments and growth equity opportunities.

The tech-focused investor is expected to hold the final close on Saturn 3 by next quarter and is seeking €5.5bn for its latest mid-cap vehicle.

Chicago-based legal technology company Litera has agreed to acquire Kira Systems, a Toronto-based provider of machine learning contract review and analysis software.