Firm at a glance
HG Capital is a platform private equity firm, per its own website [S1].
What they buy
HG Capital’s portfolio reflects a concentration in business software and professional services, with particular emphasis on tax and accounting, ERP and payroll, and legal and regulatory technology [S2]. The firm’s recent transaction history shows acquisitions spanning enterprise resource planning, compliance software, and vertical-specific SaaS platforms [S3]. Portfolio companies appear to serve B2B markets with recurring revenue models across Europe and North America.
Portfolio
Tax & Accounting
Azets, Caseware, Bright (also ERP & Payroll) [S2]
ERP & Payroll
Benevity, Blinqx, Bright [S2]
Legal & Regulatory
A-LIGN (acquired July 2025) [S2]
Insurance
Ascendia Gruppe [S2]
Automation & Engineering
AMDT, Athletics Sport Sponsoring [S2]
Other
Trackunit, Visma [S2]
Recent activity (last 24 months)
* Rightsline acquisition, May 27, 2026 [S3]
* Teamworks acquisition, April 28, 2026 [S3]
* Geomatikk exit, March 31, 2026 [S3]
* OneStream acquisition, January 6, 2026 [S3]
* Intelerad exit, November 20, 2025 [S3]
* Diamant Software acquisition, November 10, 2025 [S3]
* GTreasury exit, October 16, 2025 [S3]
* Parte acquisition, September 23, 2025 [S3]
* Payworks acquisition, September 8, 2025 [S3]
* A-LIGN acquisition, July 8, 2025 [S3]
* IFS acquisition, April 9, 2025 [S3]
* smartTrade exit, April 3, 2025 [S3]
* P&I acquisition, March 31, 2025 [S3]
* Scopevisio acquisition, March 14, 2025 [S3]
* Citation exit, December 19, 2024 [S3]
* Empyrean Solutions acquisition, November 21, 2024 [S3]
How this firm fits a seller
HG Capital’s transaction history suggests an active buyer of software platforms serving enterprise and mid-market customers, particularly in financial operations and compliance verticals [S3]. The firm’s recent exits (Geomatikk, Intelerad, GTreasury, smartTrade, Citation) demonstrate liquidity events across multiple portfolio companies within the trailing 24 months, indicating portfolio turnover [S3]. For owner-operators in tax and accounting software, ERP and payroll systems, or legal and regulatory technology, HG Capital’s existing portfolio concentration in these sectors may signal operational expertise and buy-and-build strategies. The firm’s acquisition pace (approximately 11 platform acquisitions in the last 24 months) suggests ongoing deployment activity [S3].
Sources
[S1] https://hgcapital.com (as of 2026-07-15)
[S2] https://hgcapital.com/portfolio (as of 2026-07-15)
[S3] https://hgcapital.com/insights (as of 2026-07-15)
Frequently asked questions
Does HG Capital buy Tax & Accounting businesses?
Yes, per publicly available portfolio data. HG Capital holds at least three companies in the tax and accounting sector: Azets, Caseware, and Bright [S2]. The firm acquired Diamant Software in November 2025 and Scopevisio in March 2025, both of which appear to serve financial software markets [S3].
What companies has HG Capital acquired recently?
Recent acquisitions include Rightsline (May 2026), Teamworks (April 2026), and OneStream (January 2026) [S3]. Additional 2025 transactions include A-LIGN in July, Payworks in September, and IFS in April [S3].
Where is HG Capital based and how big is the firm?
Headquarters location and fund size data were not surfaced in publicly available materials reviewed as of July 2026. The firm maintains a portfolio page listing approximately 11 current holdings [S2].
Is HG Capital still actively acquiring?
Yes, based on recent transaction history. The firm completed acquisitions in May 2026 (Rightsline) and April 2026 (Teamworks), indicating active deployment as of mid-2026 [S3]. The firm completed approximately 11 acquisitions in the trailing 24 months through July 2026 [S3].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.