- HgCapital, the manager of HgCapital Trust, has announced a majority investment in EidosMedia, a leading global provider of digital publishing solutions. The terms of the transaction were not disclosed.

HgCapital Trust plc will invest in EidosMedia, headquartered in Milan, alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. The Trust will contribute a total of approximately £8.3 million.

The acquisition of EidosMedia represents the sixth investment by the HgCapital 7 Fund and, following completion, the Fund will be approximately 46% invested.

Based on the 31 October 2015 reported NAV (including all announced transactions) the Trust's liquid resources available for future deployment are estimated to be £45.6 million (10% of the 31 October 2015 NAV, excluding a £40 million standby facility). The transaction will reduce the Trust's outstanding commitments to invest in HgCapital deals to approximately £157 million (33% of the 31 October 2015 NAV).

Story provided by