Allocate is pleased to welcome a new investment from Hg. Hg initially invested in Allocate at the end of 2014, completing a public-to-private transaction from the London Stock Exchange. In April 2018, Hg announced the sale of Allocate to Vista Equity Partners (“Vista”).
Recognising Hg’s considerable expertise in healthcare software and its pan-European footprint, Vista provided Hg with an option to reinvest in the next phase of Allocate’s growth. Today Hg has announced that it has exercised that option to re-invest and partner with Vista by acquiring a co-controlling stake in Allocate.