HGGC is a leading private equity company based in California. It was named as the Equity Firm of the Year in 2014 by Mergers and Acquisitions magazine. It is prominent because of its “Advantaged Investing” model, and this involves investing through affiliations.
Let us learn more about the investment strategies of this company.
On Business Wire
October 1st, 2018 Business wire reported: HGGC has announced six new members are joining their team to boost financial and investment operations. The new team would bring in great talent and experiences which would assist HGGC to implement its prolific investment strategy and accelerate growth.
They included: ColinPhinisey – to lead capital market, Christopher Guinn-Executive Director, 4 Associates-to support continued Growth.
It has $ 4.3 billion in cumulative capital commitments, more than 100 completed portfolio investments and more than $ 17 billion aggregate transaction value.
It mainly targets investments across its funds-rollover investment; this is through alignment with sellers and business founders and limited partners through co-investment.
On 15th Oct 2018, PRNewswire reported: HGGC has announced about a new agreement it has signed with Mi9. Respida Capital and Mi9’s owners-General Atlantic were going to invest alongside HGGC. However, the terms and conditions involved were not revealed.
This was a merger of Mi9- a popular omnichannel retail solutions provider and MyWebGrocer (MWG)-HGGC Portfolio Company which is a prominent digital media and software company.
The merger would power retail operations, over 500 retailers and different consumer brands all over the world.
The CEO Rich Lawson was very confident with the new merger as he quoted Mi9’s records were very successful.
This merger between MWG and Mi9 would be a prominent software provider in the market with over $250 million revenue, approximately $1 billion market segment t growing with over 5% annually.
This was a very favorable market trend.
The company’s Advantaged Investing model has proven to be productive in the financial and investment markets. It invests in companies which have competitive positions in the market and adds value through skills and relationships. HGGC is led by paramount leaders with extensive experiences and skills to spark growth.