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LONDON - HgCapital Trust plc (LSE:HGT) announced Tuesday it will invest approximately £48 million in A-LIGN, a provider of cyber compliance services, as part of a larger acquisition by Hg.
The investment will be made alongside other institutional clients through the Hg Genesis Fund, according to a press release statement. The terms of the transaction were not disclosed.
A-LIGN, headquartered in Tampa, Florida, offers technology-enabled cybersecurity compliance services including SOC 2, ISO, HITRUST, FedRAMP, CMMC and PCI standards audits. The company currently serves over 5,700 clients.
Hg will acquire a majority stake in A-LIGN from previous investor Warburg Pincus. The transaction comes amid increasing cyber-attacks and growing complexity in compliance requirements.
"This new partnership comes at the perfect time as we enter our next phase of growth," said Scott Price, CEO of A-LIGN, in the press release.
Following this investment, HgCapital Trust’s liquid resources available for future deployment are estimated to be £412 million, representing 17% of its pro-forma March 31, 2025 NAV of £2.4 billion. The investment will reduce HgT’s outstanding commitments to approximately £1.4 billion, or 57% of its pro-forma NAV.
Jefferies LLC served as lead financial advisor to A-LIGN and Warburg Pincus, with Guggenheim Securities, LLC as additional financial advisor. Harris Williams acted as financial advisor to Hg.
A-LIGN has reported over 50% compounded annual growth over the past 15 years, according to the company.
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