Private equity firm Hg is planning to increase its ownership stake in its London-listed investment trust after a recent selloff in technology and software-related stocks, according to a report by Bloomberg citing a company statement.
Hg said HgCapital Trust is currently trading at a valuation that “materially undervalues” both its underlying portfolio and long-term growth prospects. The firm intends to raise the combined ownership of its partners, employees and balance sheet exposure in the trus...
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