- Hg, the Manager of HgCapital Trust, said Monday it had agreed to sell Lumesse, a provider of strategic HR software to medium and large sized enterprises, to Saba Software.

The terms of the transaction were not disclosed.

Based on HgCapital Trust's share of Hg's overall investment in Lumesse, the company was expected to realise estimated cash proceeds of approximately £1.5m on completion of the transaction.

The sale of Lumesse represented the 18th sale completed by Hg across all funds over the last 18 months, during which time the firm had returned total proceeds of more than £3.2bn to investors.

At 9:05am: [LON:HGT] HG Capital Trust PLC share price was +2.5p at 1992.5p

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