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HgCapital Trust PLC - London-based investor providing access to the private equity investments of New York-based manager Hg - Says Hg will invest approximately £8.1 million in Huckelhoven, Germany-based JTL-Software-GmbH. JTL is an enterprise resource planning software provider specialising in e-commerce solutions for small and medium-sized companies. It currently serves around 50,000 German businesses, achieving ‘strong customer advocacy and retention rates’. Other institutional Hg clients will also invest through the Hg Mercury 4 fund. Hg Partner Benedikt Joeris says: ‘ERP software is an area we know very well and we have been focused on this sector for almost two decades. This helps us to spot leading high-quality businesses that have further potential. This is precisely what JTL represents - a great business, with a very high-quality software product and new opportunities for further expansion.’ Current stock price: 384.91 pence 12-month change: up 18% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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