24th Mar 2016 08:38
LONDON (Alliance News) - HgCapital Trust PLC on Thursday said manager HgCapital has made a majority investment in human resources services provider Raet in which the trust will participate.
HgCapital will take majority ownership of Netherlands-based Raet from current private equity owner CVC Capital Partners. Raet provides cloud software and services for the human resources industry.
HgCapital Trust will invest in Raet alongside other institutional investors and will contribute a total of around GBP16.2 million.
Shares in the trust were untraded Thursday morning, having last traded at 1,155.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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