HgCapital Trust PLC HgCapital Trust results summary with Doceo
16 Março 2023 - 11:14AM
RNS Non-Regulatory
TIDMHGT
HgCapital Trust PLC
16 March 2023
HgCapital Trust have launched new video content with Doceo.
HGT provides investors with a listed vehicle to invest in
unquoted businesses managed by Hg, Europe's largest investor in
software & technology-enabled services businesses.
The objective of HGT is to provide shareholders with consistent
long--term returns in excess of the FTSE All--Share Index by
investing predominantly in unquoted companies where value can be
created through strategic and operational change.
Following HgCapital's results, Jim Strang, the Chairman of the
Board, summarises the progress of the trust over the last year.
Portfolio company performance has been remarkably resilient with
the trust's top 20 companies generating 25-30% revenue and EBITDA
growth over the last year and this is reflected in a 5% NAV uplift.
Strang explains how portfolio health has allowed the team to seek
out new investments while three successful exits at an average of
3.9 times the cost of investment have returned over GBP400m to
shareholders. The fact that these businesses were also sold above
the level of last valuation is an indication of robust process and
underlying performance.
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For further information on doceo please visit www.doceo.tv or
contact the team on info@doceo.tv
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March 16, 2023 10:14 ET (14:14 GMT)
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