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New Deal


Announced

Hg Capital to invest in Benevity.

Financials

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

Tags

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Pending

cloud software

Cross Border

Canada

Private Equity

Acquisition

Software

Majority

Friendly

Single Bidder

Private

Synopsis

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Private equity investor Hg Capital agreed to invest in Benevity, a provider of corporate purpose cloud software. Benevity’s current investors, General Atlantic and JMI Equity, will remain significant investors in the business, alongside the Benevity management team. Financial terms were not disclosed. "It is truly exciting to partner with an organization that enables such positive impact to society, and we passionately believe in what Bryan, Kelly and their team are creating. Benevity is already a robust, high-growth business with a trusted platform for some of the world’s largest global brands looking to boost their purpose-driven activities. We look forward to working with the team to become even more pervasive and impactful," Nic Humphries, Hg Senior Partner.

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