Hg is considering a possible sale of its portfolio company F24, which focuses on emergency notification software, according to a report by Reuters.
Citing unnamed sources familiar with the matter, the report said that the company could be valued at up to $1.1bn and that Hg is also weighing only selling part of its majority stake in the process, which may target other private equity firms.
The report also noted that Hg has not disclosed the exact size of its stake in F24 and that sale plans may not materialise if market conditions deteriorate
