HgCapital Trust plc announces investment in Scopevisio AG

LONDON: HgCapital Trust plc (HgT) today announced an investment in Scopevisio AG, a leading innovator in cloud-based business automation.

The terms of the transaction were not disclosed. HgT will invest approximately £4.8 million in Scopevisio, with other institutional clients of Hg investing alongside HgT through the Hg Mercury 4 Fund.

HgT, whose shares are listed on the London Stock Exchange, provides private and institutional investors the opportunity to participate in all Hg’s investments. The investment figures relate only to HgT’s share of Hg’s overall investment in Scopevisio.

HgT’s liquid resources available for future deployment, including all announced transactions, the undrawn bank facility, and the proposed full-year dividend payable in May 2025, are estimated at £372 million (15% of the pro-forma 28 February 2025 NAV of £2.5 billion). The investment will reduce HgT’s outstanding commitments to invest in Hg transactions to approximately £1.4 billion (57% of the pro-forma 28 February 2025 NAV).

Hg is a prominent investor in European and transatlantic software and services businesses.

Founded in 2007 in Bonn, Germany, Scopevisio serves mid-sized companies and business groups, offering a highly integrated Holistic Business Automation Platform for Commercial Solutions, with particular strength in finance and accounting. The platform is designed to automate and optimize key commercial functions, including finance, sales, procurement, organization, document management, and human resources. The fully unified system automates business processes and enhances efficiency through artificial intelligence.

The transaction will see Hg partner with Dr. Jörg Haas, Scopevisio’s CEO and founder, as joint shareholders in the business going forward. Hg brings a strong track record of backing software businesses in the ERP and accountancy space, having invested $28 billion over the past 20 years.

Dr. Jörg Haas, CEO and founder of Scopevisio, said, “We’re thrilled to welcome Hg as our partner for Scopevisio’s next growth chapter. Their deep expertise in ERP and accounting software, and experience in scaling cloud businesses, makes them the ideal partner as we look to expand our presence across the DACH region. Together, we’ll accelerate product innovation and drive continued growth while delivering exceptional value to our loyal customer base.”

With more than 7,500 customers, primarily in the service sector, and over 300 employees across its group of companies, Scopevisio has established itself as an award-winning provider with a best-in-class product and high customer loyalty.

Benedikt Joeris, Partner at Hg, commented, “Scopevisio sits right in our sweet spot, as a business with a compelling cloud-based product offering, high customer advocacy scores, and strong recurring revenue. The DACH mid-market is picking up speed and embracing modern cloud solutions, creating an opportunity for significant growth potential. We’re excited to partner with the Scopevisio team, to help build on their impressive foundation and continue scaling the business.”