HgCapital invests £4.8m in Scopevisio to fund DACH expansion
Summary
Hg has a strong track record of backing software businesses in the ERP and accountancy space, having invested US$28bn over the past 20 years.HGT says that its liquid resources available for future deployment (including all announced transactions, the undrawn bank facility and the proposed full year dividend payable in May 2025) are estimated to be \xa3372m, equivalent to 15% of the pro-forma 28 February 2025 NAV of \xa32.5bn, and that the investment in Scopevisio reduces its outstanding commitments to invest in Hg transactions to approximately \xa31.4bn, equivalent to 57% of the pro-forma 28 February 2025 NAV.The company was founded in 2007 in Bonn, Germany and serves mid-sized companies and business groups, offering what Hg describes as a highly integrated Holistic Business Automation Platform for Commercial Solutions, with a particular strength in finance and accounting. Scopevisios platform is designed to automate and optimise key commercial functions including finance, sales, procurement, organisation, document management and human resources. The system automates business processes and enhances efficiency through artificial intelligence.Comments from Dr. J\xf6rg Haas, CEO and founder of ScopevisioWere thrilled to welcome Hg as our partner for Scopevisios next growth chapter. Their deep expertise in ERP and accounting software, and experience in scaling cloud businesses, makes them the ideal partner as we look to expand our presence across the DACH region. The DACH mid-market is picking up speed and embracing modern cloud solutions, creating an opportunity for significant growth potential.