PE Deals

Hg buys technology provider TrustQuay

Hg will support the company’s next phase of growth as TrustQuay rolls-out its new SaaS offering TrustQuay Online.

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  • TrustQuay works with over 360 customers across 11 global offices
  • The company provides entity management, client accounting, practice management, compliance and workflow software for trust, fund and corporate service providers
  • Hg bought the company from Silverfleet Capital

Hg on Tuesday announced the purchase of TrustQuay from Silverfleet Capital. TrustQuay, headquartered in Fleet, England, provides entity management, client accounting, practice management, compliance and workflow software for trust, fund and corporate service providers. Hg will support TrustQuay’s next phase of growth as the company rolls-out its new Software as a Service (SaaS) offering, TrustQuay Online.

“At Hg we focus on SaaS and technology businesses that are leading their sector towards change and a better way of working,” said Richard Earnshaw, director at Hg. “To date we’ve aggregated over a decade of experience in fintech, investing over $1 billion in more than 10 fintech leaders in the last five years alone.”

“Our mission is to automate and digitalise the trust, corporate and fund services software sector – offering our customers the combination of best functional capabilities with the most modern, up-to-date technology,” said Keith Hale, executive chairman of TrustQuay.

Hg targets technology buyouts primarily in Europe and the US. It has over $55 billion in funds under management and has headquarters in London, Munich and New York.