Hg, the Manager of HgCapital Trust plc (“HgT”), today announces an investment in Diamant Software.
The terms of the transaction are not disclosed.
HgT will invest approximately £19 million in Diamant Software. HgT invests alongside other institutional clients of Hg, which is investing from its Hg Genesis Fund.
Note that these figures only relate to HgT’s share of Hg’s overall investment in Diamant Software.
HgT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg’s investments.
HgT’s liquid resources available for future deployment (including all announced transactions, the interim dividend paid in October 2025, and the £329 million undrawn balance on the bank facility) are estimated to be £360 million (14% of the pro-forma 30 September 2025 NAV of £2.5 billion).
The investment will reduce HgT’s outstanding commitments to invest in Hg transactions to approximately £1.7 billion (69% of the pro-forma 30 September 2025 NAV).
Diamant Software welcomes Hg as a long-term partner
to accelerate innovation, future investment and growth
Bielefeld, Germany – 10th November 2025 – Diamant Software GmbH (“Diamant”), a leading provider of accounting and financial controlling solutions for mid-sized companies and public-sector organisations in Germany, today announced a strategic partnership with Hg, the largest software investor in Europe with over $100 billion in assets under management.
Hg has a 25-year track record of scaling software providers in the tax and accounting sector and will partner with Diamant’s founders, Peter Semmerling and Jan Semmerling, who will remain significant shareholders in the business.
Together, Hg and the Semmerling founding family will focus on delivering value for customers and partners, to secure and enhance Diamant’s long-term success. The partnership will accelerate development of Diamant’s cloud software in the age of AI, further enhance customer service, and strengthen the company’s network of sales partners.
Peter Semmerling, Founder of Diamant Software, said: “For 45 years, Diamant Software has stood for the highest quality, innovation and close partnership with our customers and employees. With Hg we have found a long-term partner and true software expert who shares our values and will support us in taking the next steps in our company’s development. Our customers, partners and employees can rely on continuity, dependability and future-readiness remaining at the centre of everything we do.”
Benedikt Joeris, Partner, Hg, said: “Diamant Software is an excellent example of a fast-growing German software company with clear technical differentiation and deep expertise in accounting and financial controlling. We’re excited to support the company and its people through the next phase of growth, and to invest together in innovation and outstanding customer service – while preserving Diamant’s unique entrepreneurial spirit as the foundation for the journey ahead.”
Terms of the transaction were not disclosed. The transaction is subject to customary closing conditions.