HgCapital Trust Plc to invest around £17.5 million in smartTrade Technologies

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HgCapital Trust Plc to invest around £17.5 million in smartTrade Technologies

HgCapital Trust Plc (LON: HGT) has reported about an investment in smartTrade Technologies.

  • The company has reported that it will invest around £17.5 million in smartTrade Technologies, a leader in multi-asset electronic trading solutions. The company will acquire stakes from Keensight Capital and Pléiade Venture.
  • The investment will be through the Hg Mercury 2 Fund, while there will be other institutional clients of the company as well.
  • The investment marks the 7th investment of the company in technology businesses serving the Capital Markets and Wealth and Asset Management sectors.
  • On 7th February 2020, at the time of writing, GMT 08:05 AM, HGT shares were trading at GBX 270.00, unchanged against the previous day closing price.

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