- HgCapital, the manager of HgCapital Trust, has announced a majority investment in Citation, one of the UK's leading providers of Health & Safety, HR, Employment Law and ISO services to SMEs. The terms of this transaction were not disclosed.

HgCapital Trust plc will invest in Citation alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. The Trust, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all HgCapital's investments. The Trust will contribute a total of approximately GBP10.5 million.

The acquisition of Citation represents the ninth investment by the HgCapital 7 Fund, and following completion, the Fund will be approximately 60% invested.

At 9:50am: [LON:HGT] HG Capital Trust PLC share price was +7.25p at 997.25p

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