Hg has entered into an agreement to invest in F24. Hg will invest in a stake currently owned by Armira and co-founder Ralf Meister, and will become the majority shareholder in the business. The investment in F24 will be made from Hg’s Mercury 2 Fund. F24 management will remain significantly invested in the business, alongside Hg.
F24 is a pan-European sector leader for emergency notification, crisis & incident management and critical communications with more than 2,500 clients in over 100 countries, headquartered in Munich, Germany. F24 partnered with Armira in 2017 and has since then more than doubled its sales by executing a successful growth strategy including three acquisitions and integrations. Hg’s investment now marks the starting point of the second phase of F24’s buy-and-build strategy to accelerate further growth of F24 and Hg’s continuation to focus on businesses providing critical SaaS solutions across Europe.
CODEX Partners supported the commercial due diligence of F24 for Hg.
CODEX Partners advises investors on commercial and vendor due diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experiences from over 500 projects.
