From Nasdaq:



Hg has agreed to a partial sale of IRIS Software Group to U.S.-based private equity firm Leonard Green & Partners. The financial terms of the deal have not been disclosed, but the transaction values HGT’s investment in IRIS at around 99.8 million pounds.

HGT will receive a net distribution of approximately 42.1 million pounds from IRIS, and as part of the transaction, Hg’s Saturn 1 fund will fully exit its remaining position in IRIS.

HGT’s exposure to IRIS will be 57.7 million pounds at closing, representing around 2.5 percent of NAV.



Read more: HGT Announces Partial Sale Of IRIS Software To LGP; Terms Undisclosed