KKR acquires Gen II Fund Services from Hg for $5.1B
The acquisition supports Gen II's expansion into AI-enabled solutions and global markets. The deal is expected to close in 2027 after regulatory approvals.
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Private equity firm focused on enterprise software and AI transformation
hgcapital.comLast updated
In short: Hg agreed to sell Gen II to KKR for $5.1 billion, with closing expected in 2027
The acquisition supports Gen II's expansion into AI-enabled solutions and global markets. The deal is expected to close in 2027 after regulatory approvals.
This marks Hg's first investment in Greece. The capital supports cloud transition and AI development via Hg Catalyst.
The sale includes a 30% uplift to Hg's book value and is expected to close in Q3 2026.
OneStream shows strong growth with 2x AI bookings, 4x Gartner leadership, 1,800+ customers, and 18% Fortune 500 usage. Hg partners to accelerate innovation.
KKR has agreed to acquire Gen II Fund Services from Hg, General Atlantic and other minority investors for a total enterprise value of $5.1 billion...
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Investment trust HgCapital Trust said on Monday that estimated net asset values were broadly unchanged in the second quarter, as strong trading across its portfolio...
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