Hg

We are excited to announce our latest partnership with ReDI School of Digital Integration, supporting 750 places on its Digital Careers Programme in Hamburg over the next 3 years. With only 20% of refugees securing a job in Germany after two years of arriving in the country. ReDI aims to accelerate integration into the job market by providing participants with digital and soft skills, working alongside a network of tech leaders, students, and alumni to help identify employment and training opportunities. The Hg Foundation’s €500k grant will support the growth of ReDI’s Digital Career Programme in Hamburg, which has seen demand quadruple since its launch in 2022. Read more: https://lnkd.in/duk_D-ve Sign up to our newsletter: https://lnkd.in/ecfbKZng

FE fundinfo strengthens its financial advice offering through its acquisition of AdviserAsset. This acquisition will expand FE fundinfo's due diligence capabilities and will better help financial advisers successfully guide their clients through investment decision-making. Liam Healy, CEO at FE fundinfo said: "Through our recent growth and strategic acquisitions like AdviserAsset, we are building a suite of solutions that support each critical function of the profession, from onboarding and engagement to research and planning." Read more: https://lnkd.in/dSWwfGPH For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/dBwcqV_U

We are pleased to share that we have been shortlisted in GP Bullhound's 2024 AllStars Awards under the Growth & Buyout Fund of The Year category.    Matthew Brockman, Managing Partner at Hg, has also been nominated for the Investor of The Year award.    Good luck to all our fellow nominees!   Read the full list here: https://lnkd.in/dB2FvP8h   For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/esXyfRAv

Last week our Munich office hosted a group of 25 investors representing 20 leading PE and Growth funds for a relaxed wine tasting at WEIN-MOMENT München.   We enjoyed the opportunity to catch up with our network in an informal setting, make new connections and hear different perspectives on the current investment climate across Tech & Software in DACH.   Thanks to everyone who joined – we look forward to next time!

Visma expands its French ecosystem with acquisition of quarksUp. quarksUp offers an innovative human resources management and payroll preparation solution. Yvette Hoogewerf, Segment Director at Visma, said: "QuarksUp's expertise in developing custom HRIS software is a perfect complement to our existing portfolio. Their solutions will significantly strengthen our ecosystem in France, providing our customers with even more powerful tools to effectively manage their human resources." Read more: https://lnkd.in/e7Bxxusf For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/dBwcqV_U

Last week we welcomed our latest talent to The Hg Academy: a development programme with sessions covering various elements of the Hg deal cycle; including our strategy, fundraising, investing, and much more. Sessions were led by over 40 different professionals from various functions across the firm. We are thrilled to have them join our team of c.400 across London, Munich, Paris, New York, and San Francisco - thank you to everyone who participated! Learn more about life at Hg: https://lnkd.in/dUeeuDRb To keep up to date with Hg and portfolio news, sign up to our Monthly Update: https://lnkd.in/dgqQ3G9M

GTreasury has announced its acquisition of CashAnalytics. CashAnalytics provides a cash forecasting and AR/AP analytics solution to more than 1,000 business entities across 40+ countries, analysing and optimising over $100 billion in cash flow every day. Renaat Ver Eecke, CEO, GTreasury said “CashAnalytics is a perfect match for GTreasury and a very natural next step in the journey for our product, customers, and employees." Read more: https://lnkd.in/eeujUbqK For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/dBwcqV_U

"For us, the easiest place to invest is in vertical AI"   Nagraj Kashyap, Touring Capital Co-founder, sees the biggest potential in vertical AI, a second area of future innovation and investment opportunity within the next wave of generative AI, based on the view that LLMs will become commoditised.   Read more about the next wave of GenAI innovation: https://lnkd.in/eGaATD9b

The Access Group has announced its acquisition of Onboarded, an Australian-based technology provider of recruitment onboarding software, furthering Access’ ambition to help recruiters globally to benefit from usable AI daily. Emma de Sousa, Group Managing Director of Access, said: “We are delighted to welcome Onboarded and smartAI to the Access family, and we look forward to working alongside the Onboarded and smartAI teams to deliver an exceptional software experience that lightens the load for recruitment professionals and creates a seamless onboarding process for candidates changing roles or entering the world of work.” Read the full announcement: https://lnkd.in/dJ_Q5ssc For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/dBwcqV_U

Ncontracts announces the acquisition of Venminder to broaden its governance, risk and compliance solutions capabilities. Hg, a leading investor in software and services businesses, has become a new investor in the combined business, backing Founder and CEO, Michael Berman. Alan Cline, Head of North America at Hg, said: "We see Ncontracts swiftly becoming a ‘gold standard’ provider of highly automated, AI-enabled, integrated software solutions for the financial industry. The merger with Venminder creates a compelling platform with a comprehensive product suite that can deliver significant value to customers.” Alexander Johnson, a Director at Hg added: “We're excited to partner with Michael Berman as he continues to lead and scale the company for its next stage of growth." Read the full announcement: https://lnkd.in/d_ufTtkr For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/esXyfRAv