Share Name Share Symbol Market Type Share ISIN Share Description
Hg Capital Trust Plc LSE:HGT London Ordinary Share GB00BJ0LT190 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.3% 329.50 349,571 09:51:00
Bid Price Offer Price High Price Low Price Open Price
328.50 329.50 331.00 327.00 327.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 24.68 16.81 4.11 80.2 1,362
Last Trade Time Trade Type Trade Size Trade Price Currency
09:51:56 O 3,743 329.00 GBX

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Date Time Title Posts
15/3/202115:02HgCapital Trust plc, conservative, methodical and most importantly profitable90
11/7/201411:01HG Capital Investment Trust104

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Hg Capital Daily Update: Hg Capital Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker HGT. The last closing price for Hg Capital was 330.50p.
Hg Capital Trust Plc has a 4 week average price of 312.50p and a 12 week average price of 308p.
The 1 year high share price is 353.50p while the 1 year low share price is currently 206p.
There are currently 413,274,808 shares in issue and the average daily traded volume is 710,731 shares. The market capitalisation of Hg Capital Trust Plc is £1,361,740,492.36.
chrysalis99: It's an interesting looking share price chart! Still waiting for the market pull back before dipping my toe here. Been waiting a while!
tykethat: As usual when my monthly buy order goes in the price goes up! HGT are a genuine high quality outfit whose long term record is very good.
mrscruff: Makinbuks your not on your own now and yes we need to trust them. With private equity you are really buying into the company HG. Just like you would with HarbourVest. Both have strong track records with HG in London and HarbourVest in the US. The fees are there because private equity actively participate in the running of the business even after the intensive due diligence. In a way both can't be looked at like a fund like BMO Private Equity or Pantheon who tend to simply buy a fund. This is more like a Microsoft or Google who own lots of companies. The listed SAAS sector has risen strongly. Europe stocks have rallied. HGT will catch up on performance chasing alone. I suspect as much as 20 percent before H2 presuming equity markets remain strong.
makinbuks: Appreciate I'm talking to myself here but todays announcement is also somewhat questionable. If I read it correctly, they sold this business some time ago to another PE house but retained a minority stake. Now that other PE manager is selling it internally between his funds at a price which is greater than our last valuation (but so what? We're not receiving any cash) and we have increase our stake at that higher price, again through a later vehicle within our structure. You could go on like this for years convincing yourselves this business is worth more and more and indeed it might be, but as we can't see any actual numbers we have to take it on trust. A lot of fees racking up through all this churn
makinbuks: Again, is it a little incestuous? They sell A Plan to Hyperion, trumpet it as a great deal having recognised fantastic returns. They then "churn the sale proceeds into Hyperion at an undisclosed price. I agree they don't seem to put a foot wrong and I also hold a (for me) decent amount but these last two deals don't sit quite right with me
lasata: Is this bullish news for HTG? NS Number : 4973A HgCapital Trust PLC 29 September 2020 Hg, the Manager of HgCapital Trust plc ("HGT"), today announces an investment in Hyperion Insurance Group Limited ("Hyperion"), the international insurance intermediary. The full terms of the transaction are not disclosed. HgCapital Trust plc will invest approximately GBP33.1 million in Hyperion, with other institutional clients of Hg investing alongside HGT through the Hg Saturn 2 Fund. HGT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments. Note that these figures only relate to HGT's share of Hg's overall investment in Hyperion. HGT's liquid resources available for future deployment (including all announced transactions and the interim dividend payable in October 2020) are estimated to be GBP278 million (24% of the 31 August 2020 pro-forma NAV of GBP1.16 billion, including the increase in equity via tap equity issues over the third quarter of 2020). The investment will reduce HGT's outstanding commitments to invest in Hg transactions to approximately GBP759 million. Hg invests in Hyperion in a transaction valued at US$5 billion Transaction and debt raise will provide up to $1.5bn to accelerate strategic growth and Hyperion's focus on technology and data London, UK. 29(th) September, 2020 - Hg, a leading European investor in software and tech-enabled services businesses, today announces that it will make a significant long-term equity investment in Hyperion Insurance Group Limited ("Hyperion"), the international insurance intermediary. The transaction values the business at an enterprise value of around US$5 billion. In conjunction with an additional debt raise and existing resources, the investment will provide Hyperion with up to $1.5bn to accelerate its growth with both selective acquisitions and investments in data and technology. Hg will join Hyperion as an aligned, long-term, growth partner alongside General Atlantic, which invested in Hyperion in 2013, and CDPQ, which invested in Hyperion in 2018. Both General Atlantic and CDPQ remain committed to being partners of Hyperion alongside Hg. The Hyperion management team and employees will remain the largest shareholder group in the company, with more than 1,000 individuals now owning shares. The transaction establishes a sustainable, long-term capital model with core employee ownership supported by collaborative investment partners, enabling Hyperion to build out Howden as a leading international challenger broker and DUAL as an international specialist MGA. The full terms of the transaction are not disclosed and closing is subject to obtaining relevant regulatory approvals. Founded in 1994 and headquartered in London, Hyperion is a leading international insurance distribution group. Through its core activities of retail, speciality & reinsurance broking and through DUAL, one of the world's leading international MGAs, it facilitates the provision of B2B insurance across a wide geographic footprint. The Group operates across 200+ global offices in 40 countries and employs c.6,000 people to manage c. $9.0 billion of Gross Written Premium ("GWP") on behalf of its clients. It is the 5(th) largest employee-owned business in the UK and has a differentiated position as a leading international insurance intermediary. The investment continues Hg's focus on insurance distribution and insuretech. Hyperion will represent Hg's sixth investment in the wider sector over the last 5 years - with these businesses together totalling over $1 billion of invested client capital. Hyperion's broking arm, Howden, recently announced it had reached agreement to acquire A-Plan Group from Hg. Hg helped to drive a focus on embedding data and technology in A-Plan Group's best-in-class service model over its investment period. This experience in technology will also benefit Hyperion X, the Group's digital, data and analytics business. David Howden, Chief Executive Officer of Hyperion, said: "I am thrilled to welcome Hg as a long-term partner. During our conversations on A-Plan Group it was clear that Hg and Hyperion share an understanding of what building a business to last means for employees and clients. This, the quality of the Hg team, their support for our core employee ownership and our culture of empowerment, and the desire of the Hg partners to contribute to our digital and data strategy, makes them an excellent partner to join General Atlantic and CDPQ as we continue our journey." Andrew Land, Partner at Hg, said: "It is a privilege for Hg to back David and his fantastic team through this investment in Hyperion. The company is a unique and special business, driven by its outstanding culture and quality of talent, and it has a significant growth opportunity across the global insurance sector in the coming years. We got to know David during the recent sale by Hg of A-Plan Group to Hyperion, and it became clear that our long-term investment approach and specialism in technology were a great match for him and his team. In addition to providing capital, Hg's deep knowledge of software and data will help Hyperion stay at the forefront of technology adoption across the insurance sector." Nic Humphries, Senior Partner at Hg, said: "This long-term investment in Hyperion reflects Hg Saturn's strategy of backing entrepreneur-led growth businesses in software and tech-enabled services that are sector champions. In Saturn's recent investments in Visma, P&I, Argus Media, Sovos and now Hyperion, we developed a trusted relationship with the founder or CEO over a long period, enabling us to offer them the investment structure they needed to meet their long-term plans. David and his team have built one of the global leaders in insurance distribution and we are excited in supporting them for many years to come." Dominic Collins, Chairman of Hyperion, said: "I am delighted that Hg have chosen to become a partner alongside General Atlantic and CDPQ. It is a privilege to work with three partners who embrace our core ambition to build a sustainable and successful business, and who will help us to deliver on our strategy over the coming years at this very exciting time in the industry. The Hg team bring not only significant capital, but also considerable expertise and I look forward to welcoming them to the Board."
tykethat: Pleased to see NAV back above the share price! I don't like premia!
technovator: I see HGT is still defying gravity with it's non-independent valuations of it's unlisted holdings. Reminds me some of Neil Woodford's funds! GLG opened a short over the last couple of weeks.
andyj: I agree, but I cannot see that price being reached as much as I hope it is.
psync: Impressive results in the Q3 report this morning. NAV is given as 249.8p so the share price might be toppy but perhaps not out of touch with reality. This sounds a little bit forboding: "Despite the persisting heat of the current market, we do continue to see attractive investment opportunities in our target clusters, just as we did in the closing stages of the last period of high valuations, in 2005 to 2008" games - I also bought Pantheon along with HGT, though much more recently. Good to hear you're still holding. Have you trimmed those positions back over the years?
Hg Capital share price data is direct from the London Stock Exchange
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