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HgCapital Trust plc

Overview

HgCapital Trust plc was established in 1989 and is an investment trust listed on the London Stock Exchange. HgCapital has managed the Trust since 1994 and seeks to meet the Trust’s investment objective through active management of a portfolio of businesses suitable for strategic and operational transformation that will grow revenues and profits, and thus create value for shareholders.

As at 31 December 2016:

  • An investment in the Trust currently provides exposure to an active portfolio of more than 30 companies with consistent strong growth in sales and profitability; and
  • The top 20 buyout investments accounted for 83% of the portfolio value.

Over the prior twelve months, these businesses had:

  • Aggregate sales of £2.7 billion;
  • Aggregate EBITDA of £650 million; and
  • EBITDA margins of 24%.

Key financials

Manager Overview

To select businesses where the Manager can add substantial value it applies a deep sector focus, primarily targeting:

  • Buyouts in TMT companies between £20 million and £500 million;
  • Buyouts in the Services and Industrials sectors between £100 million and £500 million; and
  • Renewable power generating projects using proven technologies.

These markets offer many companies with proven financial performance within their chosen industry.

Investments are made predominantly in unquoted companies across Northern Europe, where the Manager is confident that value can be created through a pro-active partnership with management teams, drawing on both sector and operational expertise to drive consistent growth.

HgCapital is one of the leading mid-market European private equity investors. The Manager is experienced and well-resourced, investing in growth companies with a strong record of returns across all economic cycles.

 

AWARDS

AIC Best Information to Shareholders ‘Best Website’, Specialist Manager winner 2012 and 2016

AIC Best Information to Shareholders ‘Best Report & Accounts’, Specialist Manager winner 2012, 2013 and 2014

Investment Week Awards, Private Equity Investment Trust of the Year 2005, 2006, 2007, 2008, 2009, 2010, 2011

Market commentary

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