Hg

"Devin is the number one contributor to Devin, by a lot. You have people talk about recursively self-improving systems, and we actually already have them." Russell Kaplan shares a glimpse into the future of software development on the latest Orbit podcast with Jason Richards.   🤖 The Cognition Founding President, who previously led machine learning at Tesla's autopilot team and Scale AI, explains how their AI software engineer functions as "an infinite army of junior engineers," dramatically accelerating development cycles.    His perspective challenges conventional thinking about software engineering's future, suggesting we're entering an era of "software abundance" where customer expectations will rise dramatically.   🎙 Listen to the full conversation: https://lnkd.in/eppQ5i-F For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/g3dpzt2U

TECH in DACH 2025: Tech Entrepreneurs Club by Hg, the first Software Founders Gathering in Munich! 🚀    We are thrilled to have hosted c.30 top software CEOs and founders from across Germany, Austria, and Switzerland at our inaugural TECH 2025 event in our new Munich office!   TECH in DACH is a new community we created to enable peers in the software space to connect, learn from each other and hear about Hg’s latest market insights and portfolio trends. We launched TECH because we recognized the need for a focused forum where software leaders could exchange ideas in an intimate setting, away from the noise of larger industry conferences, and build meaningful relationships that drive growth.    Highlights included Hg’s Christopher Kindt & Tim Harrison on "Software Value Creation in 2025", and Elias Apel (Lucanet) discussing "SaaS getting ready for the AI Era". David Toms closed with Hg's comprehensive software market outlook. JTL founder Thomas Lisson shared his view on founder-led partnerships with Hg’s Benedikt Joeris.   The AI transformation in SaaS was a particularly hot topic, with heated discussions on how software companies must adapt their strategies in this rapidly evolving landscape. As Elias put it, "In AI, only one thing is for sure: the speed is unprecedented!"    The conversations continued at the new SAP Garden, where we enjoyed the match of FC Bayern Basketball vs. Fenerbahçe Istanbul.    👏 Special thanks our speakers and to all founders who joined us! The intimate setting fostered connections that aren't possible at larger industry events. As Hg strengthens its position as Europe's leading software investor, these focused gatherings prove increasingly valuable.  Looking forward to our next TECH event. Victor Werkmeister, Cecily Castell-Rüdenhausen, Sebastian Zureich, Martina Sanow.   If you're interested in learning more about Hg and the Hg network and would like to apply to join the next TECH in DACH event in our geographies, please reach out to us directly.

Howden to acquire Barnett Waddingham, creating one of the largest pensions and employee benefits consultancies in the UK. https://lnkd.in/d2zXD9Ya Visma strengthens presence in the DACH region with acquisition of leading pre-accounting provider Finmatics. https://lnkd.in/eBAtmSah Focus Group have announced the acquisition of Matrix247, a specialist in managed IT and communications services. https://lnkd.in/eF8wyxEJ For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/eVzmxFd8

Our latest quarterly update has been released highlighting 17 new platform investments worth over $60billion, including our most recent investments in Scopevisio AG, IFS and P&I Personal & Informatik AG. Read the update: https://lnkd.in/eXFDFbXb For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/edWb4q6x

IFS valued at €15 billion in minority stake sale, following investment from Hg and new minority investors.   Read the full announcement: https://lnkd.in/eX-Xi66X   Jonathan Wulkan, Partner at Hg, said: “Since our initial partnership in 2022 alongside EQT Group, Mark and the team have not only delivered impressive and consistent growth but have emerged as a global leader in Industrial AI - translating the promise of AI into practical solutions that drive efficiency and sustainability for essential industries, with significant potential for continued growth."   For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/edWb4q6x

Fusion has surpassed $1 billion in net asset value (NAV) after just 12 months since its launch. Justin von Simson, Managing Partner, at Hg added "This momentum underscores the value of specialisation in private markets. Our focus isn't just about picking sectors but about truly understanding how software businesses scale and providing the operational expertise to accelerate their growth." You can find out more about Hg Wealth and our private wealth offering here: www.hgwealth.com For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/edWb4q6x

The Citation Group has announced the acquisition of TrustID, a UK market leader in Right to Work (RtW) and identity verification services. TrustID serves over 3,000 clients across all sectors, including recruitment, healthcare, hospitality, and professional services, completing more than 3 million RtW checks annually. Chris Morris, Group CEO of The Citation Group, said: “The challenges SMEs face are growing, from navigating immigration checks to meeting an increasingly complex regulatory landscape. TrustID’s cutting-edge tech and expertise means we can offer simpler, faster, and more reliable solutions for businesses." Read the full announcement: https://lnkd.in/gZGFzXD9 For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/dSNa_xUa

"It’s not how fast you go into the corner it’s how fast you come out of it." (with thanks to Jim McGeever of NetSuite)   And with that, this year's Hg Digital Summit 2025 comes to an end. Day 2 saw 160+ technical leaders break out into smaller huddles and discussions from Plandek and Palo Alto Networks amongst others - but not before Intercom co-founder, Des Traynor, shared their AI transformation story with a nod to the future and Visma's Espen A. took on the ever-rising stakes around cybersecurity,   Thanks to all who attended and spoke, from yesterday's keynote from Russell Kaplan of Cognition to the final word from our very own Jason Richards and Dr Amr Ellabban.   Look out for more of the content of the summit over the coming weeks at www.hgcapital.com   For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/expFKSu9.   #HgDigitalSummit2025 #AI #DigitalTransformation #Innovation #TechLeadership

We're thrilled to share that Hg has been named Private Equity House of the Year - Large-Cap (EV on entry >€500m) at the Real Deals Private Equity Awards 2025.   Read the full list of winners: https://lnkd.in/e8wnUmxE    Congratulations to all other nominees and winners!

"Today, most great companies don't have great software. We're entering a golden age of software engineering. With AI agents, companies will be able to do 10x more, so the companies with the best products will win." Russell Kaplan, Cognition. What an incredible first day of the Hg Digital Summit 2025, connecting with 160+ technical leaders from across the portfolio and beyond! Today’s sessions took a look at the transforming technical landscape around us and the opportunities that lie ahead to drive meaningful growth within our businesses. Today's highlights included: Keynote by Russell Kaplan, Founding President at Cognition AI, who shared what’s next for Devin, the world's first AI software engineer. Hands-on hackathon hosted by Replit to experiment and build with their leading-edge AI product. Lessons from Hg first movers, a panel discussion between Marko Perisic, Kevin Smith and Bas de Vos on the GenAI products launched at their businesses. Tomorrow we'll move to explore the practical steps needed to transform AI potential into tangible business outcomes as we move to functional deep dives across Technology, Product, Data and Cyber, plus a keynote with Des Traynor, Co-founder of Intercom, on the future of AI-first customer support. Looking forward to Day 2 as we continue to build effective strategies to harness AI's capabilities. #HgDigitalSummit2025 #AI #DigitalTransformation #Innovation #TechLeadership