HgCapital Trust offloads stake in F24

(Sharecast News) - Private equity firm HgCapital Trust has agreed to sell its stake in European software-as-a-services business F24 to Altona. HgCapital said on Monday that the transaction valued its investment in F24 at approximately £18.4m, representing an uplift of approximately £800,000.

Terms of the transaction were not disclosed.

The London-listed trust added that based on based on its 31 March reported net asset value, its pro-forma NAV was expected to be £2.3bn, or 511.0p per share, while available liquid resources, which includes its undrawn bank facility of £375.0m for future deployment, were estimated to be £582.0m.

As of 0850 BST, HGCapital shares were up 0.28% at 486.36p.











Reporting by Iain Gilbert at Sharecast.com