Hg Is Said to Consider Sale of French Software Firm SmartTrade

Private equity firm Hg is weighing a sale of French software firm smartTrade Technologies, according to people with knowledge of the matter.

Hg is working with advisers to prepare the company for an auction process next year, the people said, asking not to identified as the information isn’t public. SmartTrade could be valued at about €1 billion ($1.1 billion) in any deal, the people said.

Hg first invested in smartTrade in 2020 when it bought stakes from Keensight Capital and Pléiade Venture. It may still retain a minority stake in the business after the potential transaction, the people said. ...