Méthode developer EidosMedia has a new majority owner following an investment by European mid-market private equity firm HgCapital.

While the terms of the transaction were not disclosed, it has been reported that UK headquartered HgCapital Trust plc will contribute a total of approximately GBP8.3 million ($17 million) alongside other institutional clients.

The company says EidosMedia's management team will be reinvesting in the business.

EidosMedia chief executive Gabriella Franzini says the company is delighted that HgCapital - which looks for companies in the sector aspiring to become industry champions with potential for further growth - has chosen to make the investment: "We have a closely shared vision of the company's future development and HgCapital will be able to provide the support and resources needed to achieve those objectives."

Jean-Baptiste Brian, a director in the HgCapital TMT team, describes EidosMedia as a "unique and high-quality business" offering flexible software solutions to some of the world's largest media and financial services companies.

"We look forward to working closely with the management team to expand their current offering," he says. "This is a fantastic addition to our portfolio of software assets."

The investment from HgCapital will enable EidosMedia to consolidate its position in digital publishing solutions within the news media and financial sectors, while continuing to work on a new generation of products in digital content management and delivery.

HgCapital invests in expanding segments of the TMT, services, industrials and renewable energy sectors across Western Europe. Based in London and Munich, it manages more than £5 billion for leading institutional and private investors.

The acquisition is the sixth investment by the HgCapital 7 Fund. EidosMedia joins other industry-leading technology companies in its TMT portfolio.