HgCapital

HgCapital (rebranded as Hg) is a sector-specialist private equity firm focused exclusively on controlling equity buyout investments in software and services businesses headquartered in Europe and North America. The firm targets companies operating in defined "Hg clusters" — including automation and engineering software, ERP and payroll, healthcare technology, insurance technology, legal and regulatory software, tax and accounting software, and fintech — with deal sizes ranging from over €500 million in equity for its Genesis fund strategy to over $1 billion for its larger Saturn fund strategy, alongside smaller technology buyouts through its Mercury fund. Transaction types include public-to-private leveraged buyouts, management buy-ins, divestitures, and turnarounds, with the firm primarily pursuing majority control positions while considering select minority investments. Hg applies deep sector specialization and a dedicated operational support team to implement organic growth initiatives and roll up fragmented sectors over typical hold periods of approximately five years, having led more than 200 software and services investments over three decades. The firm traces its origins to Mercury Private Equity, the private equity arm of Mercury Asset Management, which gained independence from Merrill Lynch in December 2000 as a fully partner-owned firm. Hg manages approximately $75 billion to $110 billion in assets under management on behalf of more than 200 institutional limited partners. Founded in 2000 (with predecessor roots dating to 1985), the firm is headquartered in London, United Kingdom, with additional offices in Munich, San Francisco, Singapore, and New York.