24th Mar 2021 10:31
(Alliance News) - HgCapital Trust PLC on Wednesday said its investment manager has sold stakes in consumer-packaged goods firm Trace One and legal and compliance software company Mitratech.
Full terms of the transactions were not disclosed, though FTSE 250-listed HgCapital said the deals value its stake in Trace One at GBP5.8 million and its holding in Mitratech at GBP49.9 million. These represent a climb of 30% and 43%, respectively, from the end of February.
The Trace One sale to private equity firm Symphony Technology Group is subject to approval from the French Workers' Council, HgCapital said. Symphony Technology Group is based in California.
Mitratech meanwhile, agreed to a strategic investment from the Ontario Teachers' Pension Plan Board.
HgCapital shares were 2.0% higher at 324.50 pence each in London on Wednesday morning.
By Eric Cunha; [email protected]
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