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Hg Acquires Armira Stake in F24 Critical Communication Provider
Friday 10 July 2020

Germany-based software investor Hg has become the main shareholder in F24, a Munich-based SaaS provider for critical communication, emergency and incident notifications, the company said.

The terms of the transaction are not disclosed.

Hg will invest in a stake currently owned by Armira and co-founder Ralf Meister.

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

Hg was advised on the investment by Latham and Watkins, Deloitte, E and Y, McKinsey, PWC, Codex and GCA Altium. The former shareholders were advised by Raymond James as exclusive M and A advisor as well as Gleiss Lutz and Taxess.
Date Published: 10/07/2020