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HgCapital Trust PLC on Friday said its manager Hg will invest in European insurance brokerage platform, GGW Group GmbH. HgCapital Trust is a London-based investor that provides access to the private equity investments of London-based manager Hg. GGW is based in Hamburg with offices also in Austria, Switzerland and Turkey. It describes itself as a partnership of owner-managed insurance brokers and underwriting agents. HgCapital Trust said the deal will close in the second quarter of 2024. Financial terms were not disclosed. HgCapital Trust itself will invest around £44.2 million in GGW. Shares in HgCapital were up 1.5% at 430.46 pence each in London on Friday. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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