HGCapital Trust (HGT)

Sector:

Investment Firms

Index:

FTSE 250

506.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 515.00p
  • 52 Week Low: 357.50p
  • Currency: UK Pounds
  • Shares Issued: 457.73m
  • Volume: 1,145,937
  • Market Cap: £2,316.11m
  • RiskGrade: 124

HgCapital invests £21.3m into Focus Group

By Josh White

Date: Monday 15 Apr 2024

LONDON (ShareCast) - (Sharecast News) - HgCapital Trust announced an investment in prominent UK essential business technology provider Focus Group on Monday.
The FTSE 250 company said that while the specific terms of the transaction would remain undisclosed, it was investing around £21.3m in Focus, with other institutional clients of Hg participating through the Hg Genesis 10 Fund.

With liquid resources estimated at £670m, comprising announced transactions, undrawn bank facilities, and the full-year dividend payable in May, HgCapital's investment in Focus Group would reduce its outstanding commitments to invest in Hg transactions to around £927m.

Focus Group, founded in 2003 by Ralph Gilbert and Chris Goodman in Brighton and Hove, serves around 30,000 small-to-medium enterprise (SME) customers with digital workplace solutions, offering communications and software solutions, connectivity, and value-added IT services.

Hg's investment in Focus Group was intended to support its organic growth plan, merger and acquisition ambitions, and product development initiatives, bolstering its capacity to deliver solutions for the UK SME sector.#

"The long-term trends in small business technology adoption offers Focus a great opportunity to continue its impressive growth trajectory by offering a one-stop-shop for ICT for UK SMEs," said Hg partners Nick Jordan and Joris Van Gool in a joint statement.

"In partnering with the Focus leadership and close to 1,000 exceptional colleagues we are excited about the opportunity to build a national champion in this industry."

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HGCapital Trust Market Data

Currency UK Pounds
Share Price 506.00p
Change Today -2.00p
% Change -0.39 %
52 Week High 515.00p
52 Week Low 357.50p
Volume 1,145,937
Shares Issued 457.73m
Market Cap £2,316.11m
RiskGrade 124

HGCapital Trust Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.23% below the market average69.23% below the market average69.23% below the market average69.23% below the market average69.23% below the market average
91.25% below the sector average91.25% below the sector average91.25% below the sector average91.25% below the sector average91.25% below the sector average
Price Trend
79.59% above the market average79.59% above the market average79.59% above the market average79.59% above the market average79.59% above the market average
96.32% above the sector average96.32% above the sector average96.32% above the sector average96.32% above the sector average96.32% above the sector average
Income
99.75% below the market average99.75% below the market average99.75% below the market average99.75% below the market average99.75% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
6.55% below the market average6.55% below the market average6.55% below the market average6.55% below the market average6.55% below the market average
7.96% below the sector average7.96% below the sector average7.96% below the sector average7.96% below the sector average7.96% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 3
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HGCapital Trust Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 28-Sep-23
Paid 21-May-24 27-Oct-23
Amount 4.50p 2.00p

Trades for 23-Jul-2024

Time Volume / Share Price
10:05 296 @ 506.58p
10:01 3 @ 506.59p
10:01 20 @ 506.59p
10:00 394 @ 506.60p
09:59 2,160 @ 506.47p

HGCapital Trust Key Personnel

Chair Jim Strang

Top of Page