The HgCapital Trust has agreed the sale of European software-as-a-service provider F24 to Altor, a Stockholm-based private equity firm investing across Sweden, Denmark, Finland, Norway and the DACH region.
The terms of the transaction, which is subject to closing conditions, have not been disclosed.
This transaction values HgT’s investment in F24 at approximately £18.4m, which would represent an uplift of £0.8m (4% or 0.2 pence per share) over the carrying value of £17.6m in the net asset value (of HGT as of 31 March 2024).
These figures only relate to HgCapital Trust’s share of Hg’s overall investment in F24.
F24 was founded in 2000 and supports companies and organisations in more than 100 countries.
