Hg Invests in F24 to Accelerate Growth of a Pan-European Leader for Emergency Notification, Crisis and Incident Management and Critical Communications
Hg, Europe’s leading software investor, announces that it has entered into an agreement to invest in F24, a pan-European sector leader for emergency notification, crisis & incident management and critical communications, headquartered in Munich, Germany. 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 Executive Board, Dr. Jörg Rahmer (spokesperson), Christian Götz (co-founder and Executive Board member) and Jochen Schütte (Executive Board member) will remain significantly invested in the business, alongside Hg.
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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. This transaction marks the end of the first phase of F24’s buy-and-build strategy and a trusted cooperation between the two organisations. Following the transaction, the co-founder and Chairman of the Supervisory Board, Ralf Meister, will also be leaving the company.
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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.
Nick Jordan, Partner at Hg, states: “The effectiveness and speed with which businesses respond to crises can make or break their future success. Quality solutions that can add peace of mind, with a proven track-record, are highly valued by their customers. We recognise 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.”
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