Investment in Blick Rothenberg

RNS Number : 0569F

HgCapital Trust PLC

25 July 2016

 

HgCapital, the Manager of HgCapital Trust plc ("The Trust"), today announces an investment in Blick Rothenberg, a leading provider of accounting, audit and tax services based in London. The terms of this transaction were not disclosed.

HgCapital Trust plc will invest in Blick Rothenberg alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. The Trust, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all HgCapital's investments. The Trust will contribute a total of approximately £2.8 million.

The investment in Blick Rothenberg represents the eleventh investment made by the HgCapital 7 Fund, and following completion, the Fund will be approximately 68% invested.

Based on the 31 May 2016 reported NAV, the Trust's liquid resources available for future deployment, including all announced transactions, are estimated to be £14.8 million (3% of the pro-forma 31 May 2016 NAV). In addition, the Trust has access to a £40 million standby facility, which is currently undrawn. The transaction will reduce the Trust's outstanding commitments to invest in HgCapital deals to approximately £95 million (18% of the pro-forma 31 May 2016 NAV).

For more information, please visit http://www.blickrothenberg.com/

-End-

For further details:

HgCapital

Laura Dixon

[phone]

Maitland

Tom Eckersley	[phone]
Jamie Dunkley	[phone]

About HgCapital Trust plc

HgCapital Trust plc is an investment trust whose shares are listed on the London Stock Exchange (ticker: HGT.L). The Trust is a client of HgCapital, giving investors exposure to a portfolio of high-growth private companies, through a liquid vehicle. New investments and existing portfolio companies are managed by HgCapital, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors. For further details, please see www.hgcapitaltrust.com.

Neither the contents of HgCapital Trust's, HgCapital's, or Blick Rothenberg's websites nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.

 

END

 

 

MSCRIMRTMBBTMJF