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IN BRIEF: HgCapital Trust takes part in Hg investment in Rightsline

ALN

HgCapital Trust PLC - provides access to private equity investments of manager Hg - The London-listed investment trust will invest £11 million as part of an overall $500 million investment by Hg in Rightsline Software Inc. Rightsline is a Los Angeles, California-based provider of rights and royalties management software. Rightsline’s majority owner, Klass Capital, will invest alongside Hg, as will Salem Partners and the Rightsline management team. Hg says its investment is intended to ‘accelerate Rightsline’s product and AI roadmap and support the company’s international expansion’, and two Hg executives will join the Rightsline board.

Current stock price: 351.53 pence

12-month change: down 29%

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