HgCapital Trust PLC

Regulatory Filings • Mar 16, 2023

National Storage Mechanism | Additional information

RNS Number : 2587T

HgCapital Trust PLC

16 March 2023

HgCapital Trust have launched new video content with Doceo.

HGT provides investors with a listed vehicle to invest in unquoted businesses managed by Hg, Europe's largest investor in software & technology-enabled services businesses.

The objective of HGT is to provide shareholders with consistent long‑term returns in excess of the FTSE All‑Share Index by investing predominantly in unquoted companies where value can be created through strategic and operational change.

Following HgCapital's results, Jim Strang, the Chairman of the Board, summarises the progress of the trust over the last year. Portfolio company performance has been remarkably resilient with the trust's top 20 companies generating 25-30% revenue and EBITDA growth over the last year and this is reflected in a 5% NAV uplift. Strang explains how portfolio health has allowed the team to seek out new investments while three successful exits at an average of 3.9 times the cost of investment have returned over £400m to shareholders. The fact that these businesses were also sold above the level of last valuation is an indication of robust process and underlying performance.

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For further information on doceo please visit www.doceo.tv or contact the team on info@doceo.tv

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