HgCapital Trust on Tuesday said its manager Hg has sold digital solutions provider Medifox Dan to San-Diego based medical device company ResMed.
The $1bn sale values HgCapital’s investment in Medifox Dan, a provider for German care & therapy sectors, at around £47.3m, the London-based investment firm explained. This would be an uplift of around £14.6m, or 45%, over the carrying value of £32.7m in net asset value of HgCapital at March 31, it added.
HgCapital Trust shares were 1.5% higher at 370.50 pence each in London on Tuesday morning.
Read more: MorningStar
