Information on the target
HgCapital Trust plc (“HgT”) has recently announced significant co-investments in OneStream, Inc (“OneStream”) and Septeo Group (“Septeo”), amounting to approximately £46 million. On January 6, 2026, HgT revealed its intention to invest around £93 million in OneStream, collaborating with other institutional investors through the Hg Saturn 4 fund. Following this, Hg successfully completed the over-subscribed syndication of $1.5 billion in OneStream equity, further solidifying its position in the market.
As part of this syndication, HgT will contribute an additional $9 million (approximately £7 million) in OneStream as a co-investor, raising its total investment in the company to about £100 million. In a separate transaction, Hg has executed a partial sell-down of over €500 million of equity in Septeo at the valuation as of December 31, 2025, to a consortium of institutional investors. This strategic move highlights HgT's proactive approach in navigating the investment landscape.
Industry overview in the target’s specific country
The private equity landscape in the United Kingdom has shown resilience and adaptability, particularly in the face of recent market volatility. Institutional investors are increasingly seeking opportunities in high-growth sectors, with technology and digital transformation leading the charge. Companies like OneStream and Septeo are well-positioned to capitalize on these trends, offering innovative solutions that address the evolving needs of businesses in a digital-first world.
OneStream, a leader in corporate performance management solutions, has experienced robust demand as organizations seek to streamline their financial processes and enhance decision-making capabilities. The growing emphasis on data-driven insights and operational efficiency has propelled OneStream's growth trajectory, making it an attractive target for investment.
Similarly, Septeo operates in a dynamic sector, providing essential services that cater to a diverse clientele. The company's ability to adapt to changing market conditions and leverage technology for improved service delivery has positioned it favorably among institutional investors. The ongoing digital transformation across various industries further underscores the potential for growth in this space.
Overall, the UK private equity market remains vibrant, with a strong appetite for investments in companies that demonstrate innovation, scalabili…