StockMarketWire.com - Hg said it planned to invest approximately £32.1m in Chicago-based Litera, a provider of end-to-end document lifecycle solutions to the legal and life sciences industries worldwide.

Terms of the transaction were not disclosed, but other institutional clients of Hg would be investing alongside the company through the Hg Genesis 8 Fund, Hg said.

Litera had developed a suite of legal document productivity applications, delivered as an end-to-end platform to more than 1,300 organisations across the globe, the company added.

'The investment in Litera follows one of Hg's core investment theses, focused on the secular growth of software suppliers for business-critical functions in the legal and regulatory compliance sector. Hg has been actively following this theme for over 15 years, with Litera representing the sixth legal and compliance business currently in Hg's portfolio...,' the company said.




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