Acquisition

HG Capital Trust PLC
03 May 2007


The following is the text of a press release issued by HgCapital, which manages
the investment portfolio of HgCapital Trust plc alongside those of other
institutional clients.

The Trust, which is a listed investment trust giving investors the opportunity
to participate in all of HgCapital's investments, will invest approximately £5
million in Computer Software Group plc.



         HgCapital completes acquisition of Computer Software Group plc


London, 3 May 2007. HgCapital, the sector-focused European mid-market private
equity investor, has completed the £100 million management buy-out of Computer
Software Group '(CS Group').

HgCapital is a leading provider of private equity finance to European mid-market
technology companies, with offices in the UK, Germany and the Netherlands and
over $3.5 billion funds under management.

HgCapital's key investments in software and technology include:

• IRIS Software (number one in the UK accounting practice software market)

• Addison Software (number one commercial player in German tax accounting
  software)

• Visma (the leading provider of accounting software and services to SMEs
  in the Nordic region)

• SHL (the leading provider of proprietary online psychometric testing
  software & services)

• Rolfe & Nolan (number one in Europe in the exchange-traded derivatives
  software market)

• Axiom (the leading provider of IP service provisioning software to
  European telecom companies)

CS Group comprises a market-leading Vertical Markets business unit, which
focuses on the Legal, Compliance and Not-for-Profit sectors, and a Business
Solutions unit, which provides business applications for midrange server users.

HgCapital will be working with the existing management team to continue to
develop CS Group as an independent business and a UK-based leader in its
selected market niches. HgCapital fully supports management's strategic
objectives of maintaining organic growth, continuing to grow by acquisition and
of further investing in CS Group's technology platforms to maintain its
competitive advantage.

Alex King, joining the board of CS Group on behalf of HgCapital, commented:
'We are delighted to be investing in the management buy-out of CS Group, a
business-critical, back-office vertical market software business. This is a
company which has an attractive combination of market leadership across its key
business units, together with a very successful track record of growth achieved
both organically and from judicious acquisitions. We plan to support the
management team in continuing to expand the business, whilst at the same time
integrating the acquisitions made in the last 24 months.'

Vin Murria, CEO of CS Group added:
'This new partnership will help us focus on building a truly great business. The
management team is passionately committed to developing the business and, in
HgCapital, we have secured an investor with longstanding experience of backing
business-critical application software companies. We are investing in the future
of our customers and they can expect continued excellence in service and product
development. This is just the start of a very exciting new chapter in the
history of CS Group.'


Contacts:
HgCapital
Alex King                                           Tel: [phone]
Kai Romberg                                         Tel: [phone]

Maitland
Peter Ogden                                         Tel: [phone]

Computer Software Group plc
Vinodka Murria (Chief Executive Officer)            Tel: [phone]

Financial Dynamics
Giles Sanderson / Juliet Clarke                     Tel: [phone] / 
                                                         [phone]



About HgCapital

HgCapital is a private-equity investor in the European mid-market. We focus on
investments with an enterprise value in the range of € 50-500 million. Our
business model combines sector specialisation with dedicated, pro-active support
to our portfolio companies as well as the corresponding management expertise
across all phases of the investment process. HgCapital manages more than € 2.7
billion for some of the world's most respected institutional and private
investors. Our goal is to achieve outstanding results for our investors,
management team and intermediaries.


For further details, click www.hgcapital.com.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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