Houlihan Lokey Advises Hg

Houlihan Lokey is pleased to announce that Hg has acquired Ideagen, a leading regulatory and compliance software provider.

Established in 1993 and headquartered in Nottingham, UK, Ideagen's software helps companies comply with regulation and manage risk. It is a leader in the +$30 billion regulatory and compliance software sector, serving highly regulated industries such as life sciences, healthcare, banking and finance and insurance. Ideagen has a global footprint with hubs across UK, US, Middle East, Australia and Southeast Asia, and its wide portfolio of solutions are used by over 10,000 customers globally. Ideagen has a diversified customer base that includes blue chip, global brands such as Heineken, British Airways, Aggreko, Bank of New York and Johnson Matthey.

The new partnership with Hg will enable support and capital required to propel future growth, including investments in product, technology, talent and further acquisitions.

Hg is a platform for software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $40 billion, with an investment team of over 160 professionals, including a portfolio team of almost 50 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 45 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 65,000 employees globally, growing at over 20% per year.

Following support from the Ideagen shareholder meeting on 23 June 2022, Ideagen delisted from the London Stock Exchange’s AIM market on 8 July 2022.

Houlihan Lokey served as the joint financial advisor to Hg. This transaction exemplifies the continued success of Houlihan Lokey’s Technology and Equity Capital Markets groups, which have extensive experience within the governance, risk & compliance sectors, alongside expertise in public company takeover execution.