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Announced

Completed

HG Capital completed an investment in The Citation Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Minority

Acquisition

Completed

Private Equity

Single Bidder

Private

Management Consulting

compliance

health & safety law

employment law

hr law

United Kingdom

Domestic

Synopsis

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HG Capital, a private equity firm, completed an investment in The Citation Group, a subscription-based HR and Employment law, Health & Safety, and ISO services provider, from KKR. Financial terms were not disclosed. “Citation is very simply a high-quality business, demonstrated by around 20 years of year-on-year growth. Our experience of the business and its sector means that we recognise further opportunities for transformational growth, and we’re excited to make this new investment in the business. Now, together with KKR, Chris and a phenomenal team, we will continue to reinforce Citation as a truly trusted partner to SMEs,” Nick Jordan and Joris Van Gool, HG Capital Partners.

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