Communication Software | Nottingham, UK | Secondary Buyout
HgCapital has acquired a majority stake in business messaging services provider Esendex and plans to merge it with existing portfolio companies Mobyt and SMSenvoi. Under the deal, the buyout firm will invest around £8.9 million in the company, in addition to the £2.7 million already invested in Mobyt. The combined entity will generate more than €75 million in annual revenue. Esendex was previously owned by Darwin Private Equity, which acquired it for £11 million in 2013.