HG Capital Trust offloads stake in TeamSystem

8th Jul 2024 07:52

(Sharecast News) - HgCapital Trust said it had agreed the sale of its remaining investment in business software company TeamSystem, to funds advised by Hellman & Friedman for an undisclosed sum

TeamSystem serves businesses and accountants in Italy, Spain and Turkey. Hg first invested in TeamSystem in 2010 as majority shareholder, before H&F acquired majority control in 2016.

The deal values HgT's investment in TeamSystem at around £24.3m, representing an uplift of £2.2m, or 10%, over the carrying value of £22.1m net asset value of HGT at the end of March.

Reporting by Frank Prenesti for Sharecast.com

Top Risers

Share	Price	Change
Ferrexpo (FXPO)	79.20	27.33%
Clontarf (CLON)	0.0455	16.67%
Braime Holdings (BMT)	1,100.00	15.79%
Reabold Resources (RBD)	0.0625	13.64%
Braveheart Investments (BRH)	4.25	13.33%

Top Fallers

Share	Price	Change
Alba Mineral Resources (ALBA)	0.0295	-32.44%
Surface Transforms (SCE)	0.175	-28.57%
Empyrean (EME)	0.1105	-25.76%
Westminster Group (WSG)	1.90	-24%
Microsalt (SALT)	72.50	-18.99%

Top By Volume

Share	Price	Volume
Tower Resources (TRP)	0.031	313,489,177
Mosman Oil Gas (MSMN)	0.0385	304,447,484
Reabold Resources (RBD)	0.0625	286,070,592
Clontarf (CLON)	0.0455	238,949,076
Alba Mineral Resources (ALBA)	0.0295	214,624,870

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.