HgCapital Trust (HGT.L) Agrees to Invest in Rightsline

HgCapital Trust (HGT.L), the London-listed vehicle for private equity firm Hg, said on May 27 it agreed to invest in Rightsline, a cloud-based rights and royalties management platform. Financial terms were not disclosed. The investment aims to accelerate Rightsline’s product development and geographic expansion, Hg said. Rightsline’s software helps media and entertainment companies manage complex intellectual property licensing, royalties and revenue workflows. Hg specializes in software and services buyouts. Shares of HgCapital Trust closed at 525p on May 26, valuing the trust at approximately £2.3 billion.