Hgcapital in talks to buy back ias financial times. In march 20, the company was sold to advanced computer software for an enterprise value of. Advanced market focused software solutions and services. Today, advanced announced that it has acquired tikit, a global legal, accounting and professional services software business, from bt group plc bt. Jonathan boyes, partner at hgcapital llp relationship. Private equity firm hgcapital has sold its uk back office software company computer software holdings csh to the uks advanced computer software group acs for. Hgcapital llp free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. The acquisition is hgcapitals fifth investment in software for small and mediumsized businesses across europe, after computer software group and iris in the uk, addison in germany and visma in. The objective of the company is to provide shareholders with consistent longterm returns in excess of the ftse allshare index by investing predominantly in unquoted companies where value can be created through strategic and operational change. The knutsford company has been bought by advanced computer software group, which is listed on the alternative investment market. Hgcapital acquired csh as part of its purchase of iris software group in 2011 and has now succeeded in separating csh out from iris and selling it on to a strategic buyer. Over the past seven years hgcapital has completed five sme software investments operating in four geographic markets. Hg focuses on investments in technology, services and industrial technology sectors. Alexander leslie john king, former partner at hgcapital.
Csh provides accountancy software to small and mediumsized businesses as well as back office software to uk professional services firms. It top sector for european private equity deals in 2019. Silicon valley bank is pleased to announce its joint lead. Software computer group, incorporated swcg, a west virginia corporation, is an organization that has been providing expertise in effectively applying computers to the access, analysis and use of information since the mid1970s. Crescent capital group said its european specialty lending strategy provided a paymentinkind financing for the foundry, a u. Alex, director, tmt hgcapital has nine years experience of tmt private equity and venture capital. It has a strong position in accounting software for smes, ticketing, software modernisation, and compliance. Vinodka vin murria obe born 1962 is a british businesswoman and founder of advanced computer software plc where she served as ceo until it was acquired in 2015. Hgcapital will continue to work with the buyout team to develop the group through supporting its organic and acquisitive growth and by further investing in its technologies. Mar 08, 20 advanced computer software group plc acs said it bought accounting and back office software provider computer software holdings for 110 million pounds in a deal that would add to earnings. Hgcapital reinvests in the uk business software firms, iris accountancy solutions and iris software group. Hgcapital llp overview free company information from. The access group buys corehr the access group, a london, ukbased provider of business software to midsized uk organizations, acquired corehr, a uk and ireland market leader in hr and payroll software for midmarket and enterprise level businesses.
Csh has 23 offices across the uk, 30,000 customers and around 700 employees across the group. Deja vu vin murria bighand in us move as in iris legal deal. Iris software limited company profile slough, united. Projectminder acquired by advanced computer software group. Jonathan boyes, partner at hgcapital llp relationship science. Advanced computer software group plc acquires computer. The deal represents a return to her roots for advanced ceo vin murria, who ran several of cshs health and notforprofit nfp divisions until her computer software. Intermediate capital group and hgcapital trust plc are the most recent investors. He is currently a director on the boards of access group and sovos and foundry. Software group is a global technology company that is specialized in delivery channel and integration solutions for institutions that provide financial services.
Advanced computer software gulps down computer software. In 1968, capital software established and registered ccb as an information technology company. Jul 03, 2007 computer software group was acquired with the backing of european private equity investor hgcapital. Advanced computer software group plc acs said it bought accounting and back office software provider computer software holdings for 110 million pounds in. Following her time at kewill, she started her own company, computer software group.
Hg is europes largest investor in private software business and has supported vismas management to build a worldclass company through several stages of growth and innovation since 2006. Hgcapital sells iris software and computer software group to. Hgcapital acquired iris in july 2004 and csg earlier this year. Ms murria previously netted investors in computer software group a 10fold return when she sold the business to hg capital in 2007 for. Hgcapital, the manager of hgcapital trust, has completed the sale of its clients investment in computer software holdings ltd to advanced computer software. Advanced computer software buys accounting software firm for. One of the early pioneers in south african computing, the company has grown together with the information technology sector, absorbing and indeed improving on the revolutionary transformations seen in the computer industry over the past five decades.
An investment in hgcapital trust plc provides exposure to a portfolio of more than 30 fast growing. Hg is a private equity firm targeting middlemarket buyouts primarily in europe. Hg aim is to partner with great businesses across the technology and, services space. Hgcapital sells visma to kkr at an enterprise value of. Connecting decision makers to a dynamic network of information, people and ideas, bloomberg quickly and accurately delivers business and financial information, news and insight around the world. In march 20 today hgcapital sold computer software holdings which includes the iris software group and iris legal for. Computer software group limited overview free company. Hgcapital to buy software maker for 565m financial times. Advanced computer software group plc acs to provide extensive experience in the legal software marketplace march 20 on friday 8th march 20, advanced computer software group plc acs announced the purchase of computer software holdings ltd. North west business software firm computer software holdings. Computer software group limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. The group was sold to hg capital for 150p a share, and ultimately. Advanced is a consolidator in the healthcare and business solutions sector and the third largest. Csg was one of four acquisitions made by iris during its ownership by hgcapital.
The group s client list has included npower, the liverpool football club, connaught, electrolux s uk operations, and wadsworth. Alexander leslie john king, former partner at hgcapital llp. Hgcapital sells visma to kkr at an enterprise value of nok11. Advanced computer software buys computer software holdings. Hg, the manager of hgcapital trust plc, today announces that it has agreed to make a further investment in visma, a leading provider of businesscritical software to private and public enterprises in the nordic, baltic and benelux regions. Home capital software where creativity meets technology. Crescent provides financing for hgcapitalbacked foundry wsj. He started his career at spectrum strategy consultants, an advisor to companies across the tmt sector. Hgcapital profits on sale of norways visma financial times. Mar 08, 20 advanced computer software group has hoovered up accounting software outfit computer software holdings from hgcapital llp for. Hgcapital sells iris software and computer software group.
In 2008 vin founded advanced computer software plc. Hgcapital acquired csh as part of its purchase of iris software group in 2011 and has now succeeded in separating csh out from iris and selling it on to a strategic. Cogitalgroup is an international business services group supporting entrepreneurial businesses and their owners and managers in achieving long term, sustainable success through the provision of critical business support, bpo and advisory services the entrepreneurial and private company business segments are the growth engines of the economies of developed countries. In 2018, murria received an obe for services to the british digital economy, as well as for advancing women in the software sector. He was previously with kennet capital where he led investments in the software, semiconductor and internet services sectors. The access group is a software consultancy and developer company that provides fully integrated business management software. As previously announced by quiz, the group is continuing to take steps to preserve cash by eliminating nonessential spend, postponing capital. If you would like to access this article you must become a premium subscriber.
Iris software group was formed by the 2007 merger between iris software group and computer software group. Mar 08, 20 the knutsford company has been bought by advanced computer software group, which is listed on the alternative investment market. Hgcapital reinvests in the uk business software firms, iris. North west business software firm computer software. View alexander leslie john kings professional profile on relationship science, the database of decision makers. Hgcapital, the ukbased private equity group, is on tuesday expected to announce the acquisition of teamsystem, the italian accounting software maker. Cinven, the global private equity firm, will sell its entire shareholding in visma as part of this. Advanced computer software group plc acs to provide. Csh provides software to the uk legal and notforprofit markets. Computer softwares chief executive, vin murria, said this new. Hgcapital s tmt team identified regulatorydriven, subscription. Computer software group csg, which owned the majority of the present csh businesses including the aim, videss, laserform and mountain legal software arms prior to the sale of csg to hgcapital in 2007. Sovos compliance was founded in 2012 and is based in boston, ma, with operations worldwide.
This transaction has been financed through advanceds. Feb 12, 2020 a number of largecap deals bolstered the it sector figures, including thoma bravo llcs 3. Lead or colead investments have included epyx a private electronic marketplace business servicing the vehicle leasing industry hg invested in 2009, computer software group plc sold together with iris software for. The groups client list has included npower, the liverpool football club, connaught, electrolux s uk operations, and wadsworth. European midmarket private equity investor hgcapital has sold iris software, a uk provider of software to accountancy p. Hg purchases cinven stake in visma company announcement. Computer software group was acquired with the backing of european private equity investor hgcapital. Apr 18, 2019 hg, the manager of hgcapital trust plc, today announces that it has agreed to make a further investment in visma, a leading provider of businesscritical software to private and public enterprises in the nordic, baltic and benelux regions. Aug 02, 2010 hgcapital, the ukbased private equity group, is on tuesday expected to announce the acquisition of teamsystem, the italian accounting software maker, from bain capital in a deal worth about. Iris software group is a ukbased enterprise software provider. European midmarket private equity investor hgcapital has sold iris software, a uk provider of software to accountancy practices and their customers, and. Cogitalgroup is an international business services group supporting entrepreneurial businesses and their owners and managers in achieving long term, sustainable success through the provision of critical business support, bpo and advisory services.
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