- HgCapital, the manager of HgCapital Trust plc, has announced an investment into Trace One SA, a provider of software to the retail and private label goods sectors, headquartered in France. The terms of the transaction were not disclosed. HgCapital Trust plc will invest in Trace One, alongside other institutional clients of HgCapital, who will participate through the Mercury Fund.

The trust gives private and institutional investors the opportunity to participate in all HgCapital's investments. The trust will contribute a total of approximately GBP4.5 million. This acquisition represents the eighth investment by the Mercury Fund and, following completion, the Fund will be approximately 52% invested.

Story provided by