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HgCapital doubles money on first exit from TMT fund

The sale comes as HgCapital looks to return money to investors before coming back to market to raise a £2 billion fund

HgCapital doubles money on first exit from TMT fund

HgCapital has doubled its money on the sale of Irish software provider Relay Software, marking the first exit for the buyout firm's specialist technology fund which was raised in 2012.

Relay Software has been sold to Applied Systems, a provider of cloud-based software to insurance brokers, according to a statement from HgCapital.

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