HgCapital is perceived by experts from the technology and business sectors, as one of the top investors in European software.
London, England – Under the terms of the deal, HgCapital will assume majority ownership from The Carlyle Group for an enterprise value of £200 million ($312 million). Even though HgCapital is the sole equity investor, it’ll be working alongside management to ensure the most direct lines for communication and decision making.
Their ethos is one of partnership – to be a supportive and knowledgeable investor behind management teams with whom we share a close cultural fit – after all we are the owners of our own business.
The Foundry’s development philosophy centres on the needs of the artists, designers and storytellers identified through their incredibly collaborative customer relationships. Solutions, whether built from the ground up, acquired or developed with partners, will always focus on today’s business challenges and future opportunities.
“Knowing the direction we plan to take The Foundry, we identified that HgCapital was the ideal partner to build on what The Carlyle Group have helped us achieve,” said Bill Collis, chief executive officer, The Foundry.
“There are so many elements about The Foundry that we find attractive, not the least of which is the core management team. This is a company that constantly innovates, both in terms of their technology, as well as their business. Bill and his team love nothing more than running head on into the challenges facing creative industries, developing exciting disruptive technologies that have huge potential.” – said Nic Humphries, managing partner of HgCapital and the head of the TMT team.
With this deal The Foundry will remain one of the few independent companies solely focused on creative industries. It will continue leadership in emerging trends around collaborative ideation, the automation of creativity, concurrent marketing and manufacturing, as well as new behaviors in storytelling, media collaboration, creation and consumption, such as VR and AR.
For more information about The Foundry, please click here.