- HgCapital, the manager of HgCapital Trust, has announced an investment in Mobyt, a provider of application-to-person SMS services to enterprises, headquartered in Italy, subject to regulatory approval. The terms of this transaction have not been disclosed.

HgCapital Trust plc will invest in Mobyt, alongside other institutional clients of HgCapital, who will participate through the Mercury 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 £2.7 million.

This acquisition represents the 10th investment by the Mercury Fund and, following completion, the fund will be approximately 66% invested.

At 8:47am: [LON:HGT] HG Capital Trust PLC share price was +6p at 1334p

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