Hg Invests in European Emergency Notification Firm F24
Wednesday, July 08, 2020 | Comments

Hg, a European software investor, entered into an agreement to invest in F24, a pan-European provider of emergency notification, crisis and incident management and critical communications based in Munich. Hg will invest in a stake owned by Armira and co-founder Ralf Meister, and will become the majority shareholder in the business.

The executive board of Jörg Rahmer, Christian Götz and Jochen Schütte will remain significantly invested in the business, alongside Hg.

F24 partnered with Armira in 2017 and has since more than doubled its sales by executing a growth strategy including three acquisitions and integrations. This transaction marks the end of the first phase of F24's buy-and-build strategy and a trusted cooperation between the two organizations. Following the transaction, the co-founder and chairman of the supervisory board, Ralf Meister, will also be leaving the company.

With F24, Hg continues its focus on businesses providing critical software as a service (SaaS) solutions across Europe. Hg's investment in F24 will be made from the Mercury 2 Fund.

"The effectiveness and speed with which businesses respond to crises can make or break their future success," said Nick Jordan, partner at Hg. "Quality solutions that can add peace of mind, with a proven track-record, are highly valued by their customers. We recognize F24 as a true champion in this sector, with a global presence and serving clients across multiple industry verticals. We look forward to continuing their success and accelerating international growth." Hg's investment marks the starting point of the second phase of F24's buy-and-build strategy to accelerate further growth. F24 has an international customer base of more than 2,500 clients in over 100 countries served by more than 170 employees at 12 locations.

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