Barings Backs Hg Capital’s Rightsline Acquisition with Senior Secured Credit
Event summary
- Barings provided senior secured credit facilities to support Hg Capital’s acquisition of Rightsline.
- Rightsline is a global provider of rights and royalties management software, processing $40B in royalties annually.
- Hg Capital manages over $110B in assets as of May 2026, with a portfolio spanning 60 businesses worth $190B in aggregate enterprise value.
The big picture
Barings’ financing for Hg Capital’s acquisition of Rightsline underscores the growing demand for specialized software solutions in IP-intensive industries. The deal highlights Hg Capital’s strategy of investing in technology and services businesses that drive intelligent automation, as well as Barings’ role in providing flexible financing solutions to support private equity acquisitions.
What we're watching
- Execution Risk
- How Hg Capital will integrate Rightsline into its existing portfolio and drive growth in the IP management sector.
- Market Expansion
- Whether Rightsline can expand its client base beyond media and entertainment into other IP-intensive industries.
- Competitive Dynamics
- The pace at which competitors in the rights management software space will respond to Hg Capital’s acquisition of Rightsline.
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