Announced
Completed
Financials
Tags
France
fintech company
Acquisition
software development
Private
Friendly
financial software
Private Equity
Single Bidder
FinTech
Completed
Minority
Venture Capital
Cross Border
Disposal
Synopsis
Private equity firm Hg Capital completed an investment in smartTrade Technologies, a managed services and hosted software provider for trading desks. Financial terms were not disclosed. "Welcoming Hg, a real expert in software and technology in this sector, creates a truly compelling offering. I am personally very excited about the prospects of the business. Keensight Capital and Pléiade Venture have played a decisive role in our growth to date, and we are grateful of their involvement. Now, with Hg's support, alongside the smartTrade team, I am committed to further developing a great service for our customers, as they look to modernise their own systems," David Vincent, smartTrade Technologies Chief Executive Officer and Co-Founder.
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