|
HgCapital Trust on Monday noted its manager, HG, has agreed to a part realisation of its investment in Azets Group. The London-based investment vehicle that provides shareholders access to the unquoted businesses managed by New York-based Hg said Pai Partners has joined Azets as a new investor and will hold an equal and controlling stake in the company alongside Hg. Aztes is a London-based provider of business-critical accounting, tax, payroll, audit and advisory services to small and medium-sized enterprises. Pai Partners is a London-based equity firm. Details of the transaction were not disclosed, and completion is subject to regulatory approvals. HG Capital Trust’s investment in Azets is approximately £54.3 million. Shares in HG Capital Trust were up 1.4% at 395.00 pence each in London on Monday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
