SALE OF HEDGEHOG
In early December our shareholders signed a definitive sale & purchase agreement to sell 100% of Hedgehog Invest Limited, and its subsidiaries, to Inveniam Capital Partners.
The world has moved fast since I co-founded Hedgehog together with Michael Ward & family in 2021, and I believe this transaction is a fantastic outcome for all involved:
✅ For our investors — mainly family & friends — that helped fund our business for the last 3.5 years, this deal has a part-cash part-stock consideration mix that represents a valuation uplift on our 2022 funding round, and offers further upside potential in the Inveniam shares they will now hold;
✅ For our team, beyond the sense of reward for a lot of hard effort, there is genuine excitement at the prospect of integrating with Inveniam and joining the growing G42 stable of companies, securing the opportunity to work on industry-leading projects, and to promote our work to the global league in terms of potential impact;
✅ For Inveniam, who inherit a team and technology that has been diligently assembled based on deep understanding of the true problems to solve in private markets. Every Hedgehog employee has been with us for a minimum of two years and in that time we have been singularly focused on building digital solutions that can make a genuine difference to the true operational challenges in the industry.
Our new partners
👉 Inveniam is the foundational data layer that supports the digitisation of private markets with context, attribution and trust.
Inveniam has already built the next generation data management platform for private markets and, together with its partners, is involved in some of the most ambitious projects in the industry, driven by the convergence of generative AI, DLT and private asset data.
👉 G42 has built some of the most advanced AI systems in the world and works with leading organisations across the globe.
Based in Abu Dhabi and employing 25,000 people, G42’s mission is to apply cutting-edge artificial intelligence solutions to industries that are critical to global economies but remain underserved by technology. G42 recently announced a strategic investment in Inveniam.
The future we see
💡 We believe that the financing of the next generation of businesses and assets, and the overarching transformative trends of digitisation and energy transition, will be led by private markets rather than public markets.
💡 Driven by this role change as far as funding the real economy is concerned, we expect that the private markets asset class that has tripled in size every decade since 2000 will do so again by 2030.
💡 That growth will partly be accounted for by new entrants to the asset class: traditional asset managers and gatekeepers to private wealth that represent huge amounts of capital but are more accustomed to a public markets investment approach.
💡 The next generation will require another evolution of private markets asset management, with new strategies, products and possibilities. This all relies on technology infrastructure that enables the efficiency of public markets while maintaining the data privacy and control that private markets participants require.
Inveniam, and its ecosystem of partners led by G42, has a vision for the next evolution of private markets that is the same future we see.
We couldn’t be more excited about the opportunity to deliver that reality and to commit Hedgehog’s complementary expertise to that effort.
