HgCapital Investment in Nair & Co

RNS Number : 7873K

HgCapital Trust PLC

02 August 2013

 



HgCapital ANNOUNCES INvESTMENT IN NAIR & CO

2 August 2013

HgCapital, the Manager of HgCapital Trust plc, has today announced the acquisition of Nair & Co, a UK headquartered provider of tailored solutions for fast growing companies looking to expand into international markets. Nair & Co sets up the required international entities and integrates legal, accounting, payroll, tax and human resources services to ease the process of international expansion.

HgCapital Trust plc will participate in the acquisition of Nair & Co alongside other institutional clients of HgCapital. The Trust, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all HgCapital's investments. The Trust will contribute a total of approximately £20.0 million.

Based on the 31 May 2013 reported Net Asset Value and adjusting for the impact of all post May reported transactions, including this acquisition, liquid resources are estimated to be £122.2 million (26% of the 31 May 2013 pro-forma NAV). The transaction will reduce the Trust's outstanding commitments to HgCapital funds to £313.5 million.

Please find the text of a press release issued today by HgCapital announcing the transaction via the following link:

http://www.hgcapital.com/content/news-media/news.

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For further details:

HgCapital

Stephen Bough                         [phone]

Maitland

Peter Ogden                             [phone]

About HgCapital Trust plc

HgCapital Trust plc is an investment trust whose shares are listed on the London Stock Exchange (ticker: HGT.L). The Trust is a client of HgCapital, giving investors exposure to a portfolio of high-growth private companies, through a liquid vehicle. New investments and existing portfolio companies are managed by HgCapital, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors. For further details, please see www.hgcapitaltrust.com

Neither the contents of HgCapital's, HgCapital Trust's nor Nair & Co.'s websites nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.

 

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