HgCapital Trust To Sell Achilles To Bridgepoint - Quick Facts

Hg, the Manager of HgCapital Trust PLC (HGT.L), announced Wednesday that it has agreed the sale of Achilles, a provider of supply chain risk and performance management, to Bridgepoint, a private assets fund management group.

The terms of the deal have not been disclosed. The company expects to complete the sale subject to closing conditions.

The transaction values HGT's investment in Achilles at around 24.0 million pounds. This would represent an uplift of 4.0 million pounds, or 20% or 0.9 pence per share, over the carrying value of 20.0 million pounds in the Net Asset Value of HGT as of August 31.

Based on the August 31, 2021 reported NAV, the pro-forma NAV of the Trust is expected to be 1.65 billion pounds or 374.3 pence per share.

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