HgCapital Trust buys Dext for GBP10.5 million from Augmentum Fintech

(Alliance News) - HgCapital Trust PLC has acquired pre-accounting software firm Dext, it said on ...

Alliance News 13 April, 2021 | 10:26AM
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(Alliance News) - HgCapital Trust PLC has acquired pre-accounting software firm Dext, it said on Monday.

HgCapital Trust paid Augmentum Fintech PLC GBP10.5 million for Cheshire-based Dext while institutional clients of HgCapital will invest a further GBP2.1 million.

Private equity firm HgCapital Trust specialises in technology buyouts primarily in Europe and the US.

HgCapital Trust shares were quoted at 338.40 pence in London on Monday morning, up 0.7%. Augmentum Fintech shares were trading 0.2% lower at 167.65p each.

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Augmentum Fintech Ord 164.00 GBX 0.00
HgCapital Trust Ord 338.50 GBX 1.65

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Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

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