Hg has announced the partial exit of Trackunit, a SaaS and operational data platform provider for the global construction industry, to the PE business at Goldman Sachs Alternatives.

The transaction values HgT’s investment in Trackunit at approximately £53.4 million. This would represent an uplift of £2.8 million (6% or 0.6 pence per share) over the carrying value of £50.6 million in the estimate Net Asset Value of HgT at 31 December 2024. HgT will receive a net realisation of approximately £21.1 million from Trackunit, having re-invested a portion of its proceeds in the business alongside other institutional clients of Hg. HgT’s exposure to Trackunit will be £32.3 million at closing representing approximately 1.3% of NAV.

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