HgCapital Trust appoints John Billowits to its Board of Directors

– UK, London –  HgCapital Trust plc (LON: HGT) today announced the appointment of John Billowits to its Board of Directors.

“I am delighted that John will join the HgT Board. An experienced CFO and CEO, John is a highly regarded investor and operator in the software sector, and brings a unique combination of skills and personal strengths that are highly complimentary to HgT now, and as we continue to execute our strategy of investing in a portfolio of high-growth private companies in the software and services sector.” said Board Chairman, Jim Strang.

John Billowits will also join the Audit, Valuation & Risk Committee, the Nomination Committee, and the Management Engagement Committee.

About John Billowits

John Billowits has over 25 years of operational experience and a wealth of investment expertise in the software sector, he also brings a valuable international perspective, through his past roles and current appointments on Boards of US, Canadian, and European software companies. A past CFO and CEO, John is a Chartered Accountant with a depth of financial knowledge.

John Billowits is a Board Member of Constellation Software Inc., a global provider of software and services to several industries in both, the public and private sectors. He also sits on the Board of Togetherwork, a privately held vertical market software company, and Topicus.com Inc., a European provider of vertical market software and vertical market platforms to clients in both the public and private sectors. He is also a Partner at KingsPeaks Partnership and a Board member of Computer Modelling Group Ltd.

John Billowits joined CSI in 2004 as the President of the Jonas Operating Group of CSI, a role he held from 2004 to 2007. He went on to serve as CFO of CSI between 2007 and 2013 and then served as CEO of Vela Software, a subsidiary of CSI until 2020.

Before, John Billowits held several roles with Bain & Company, Dell Computers, and PwC.

John Billowits is a Chartered Professional Accountant, holds an MBA from the London Business School and an Honours BBA with Distinction from Wilfrid Laurier University.

About HgCapital Trust plc

HgCapital Trust plc gives investors exposure through a liquid vehicle to a portfolio of high-growth private companies in the software and services sector. The selection of new investments and creation of value in these businesses are managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors.

SOURCE: https://www.hgcapitaltrust.com/

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