26th Apr 2018 10:38
LONDON (Alliance News) - HgCapital Trust PLC said Thursday that it has sold consultancy Radius to Vistra Holdings Sarl, a provider of corporate services include international incorporations, trust, fiduciary, and fund administration services.
The investment company will realise estimated cash proceeds of GBP18.8 million on completion, representing an uplift of GBP2.9 million, or 8 pence per share, over the carrying value of GBP15.9 million in the net asset value of the company at March 31.
US-headquartered Radius provides solutions for companies looking to expand into international markets. It helps companies to set up required international entities then integrating a company's legal, accounting, payroll, tax and human resources services.
Jefferies International Ltd acted as financial adviser to Radius and Hg. Skadden also advised on the transaction.
Shares in HgCapital were trading 1.4% higher at 1,845.00 pence on Thursday.
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