Hg Capital Trust PLC, the Manager of HgCapital Trust plc, has announced an investment in CTAIMA and e-coordina, who are joining forces to create a leading Iberian contractor management, risk, and compliance software platform. The terms of the transaction were not disclosed, but HgT will invest approximately £11.5 million in CTAIMA and e-coordina, with other institutional clients of Hg investing alongside HgT through the Hg Mercury 4 Fund. This investment marks Hg's first platform investment in Iberia and continues its focus on mission-critical B2B compliance software.

CTAIMA, headquartered in Tarragona, Spain, was founded in 2003 as a consulting firm providing legal and health & safety advice. Today, it has evolved into an international SaaS platform and provider of contractor management software, connecting over 100,000 contractors and subcontractors with over 1,000 clients across 17 countries worldwide. Lorenzo Zavala, co-CEO of CTAIMA, expressed that the merger with e-coordina will create a contractor compliance champion in Spain and Portugal, with a highly complementary product suite and one of the largest combined networks in the region, connecting 2,000 buyers with over 160,000 suppliers across Iberia.

Luis de los Santos, co-CEO of CTAIMA, emphasized the significance of the merger, stating that it is an important milestone for both CTAIMA and e-coordina. The investment from Hg will further support the growth and expansion of CTAIMA into new countries across Europe, enhancing its product offering and reinforcing its position as a leading provider of environmental, risk, and safety management software. Hg's investment will also help to integrate GenAI and expand the reach of the businesses across Europe and LatAm.

Hg's Partner, Christopher Fielding, and Director, Louis Kinsella, expressed their excitement about the investment, highlighting CTAIMA and e-coordina as high-quality businesses with enormous potential to expand in the legal and compliance software sector. The terms of the transaction have not been disclosed. For further details, interested parties can contact Hg or HgCapital Trust plc for more information.