Since 2007, HGGC [https://www.crunchbase.com/organization/hggc] (Huntsman Gay Global Capital) has completed more than 100 platform investments with a total transaction value of more than $17 billion. The company is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments and was co-founded by Rich Lawson, Bob Gay and Greg Benson.

Recently the firm acquired RPX, a leading provider of patent risk and discovery management solutions, which marked HGGC’s second take-private deal, following the acquisition of Nutraceutical International Corporation, a manufacturer and distributor of natural vitamins, minerals, supplements and personal care products.

Based in Palo Alto, Calif., HGGC sources and acquires businesses through partnerships with management teams, founders and sponsors. The Silicon Valley firm is led by Rich Lawson, CEO, and Steve Young, managing director and former quarterback for the San Francisco 49ers[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=40266198].

HGGC's debut fund held a first close in March 2008 and a final close in March 2009. Fund I received $1.1 billion of investor commitments, ahead of its original $1 billion target. In May 2008, CalPERS made a $180 million commitment to this initial private equity fund.

HGGC's second fund held a first close in March 2014 and a final close in March 2015. Fund II received $1.3 billion of investor commitments, surpassing a $1 billion target and reaching a $1.25 billion voluntary hard cap, which excluded the firm's GP commitment of $80 million. Notable investors in HGGC Fund II include PKA-AIP of Copenhagen, Denmark, which committed $125 million and OPTrust of Toronto, Canada. Other investors in Fund II include Swedish public pension AP Fonden 3, Pennsylvania Public School Employees' Retirement System (PSERS), British public pension West Yorkshire Pension Fund, Belgian investment firm Brederode SA and French insurer CNP Assurances.

HGGC's third flagship fund launched on September 6, 2016 and held a final close on December 14, 2016, which represented only 99 days in market. Fund III received $1.84 billion of investor commitments, surpassing a $1.5 billion target and reaching a $1.75 billion voluntary hard cap, which excluded the firm's GP commitment of approximately $85 million.
Investment transactions to date include AutoAlert, which provides cloud-based data and analytics services to the automotive market; Pearl Holding Group, an insurance-services company; Serena Software, an information technology business; Survey Sampling International, which provides data and technology services for consumer and business-to-business research; MyWebGrocer; Citadel Plastics Holdings; Hollander Sleep Products; hybris, an
e-commerce business; and Sunquest Information Systems.

In October of 2018, HGGC announced the company had signed a definitive agreement to lead the merger of Mi9 Retail[https://www.linkedin.com/company/hggc], a prominent provider of omni-channel retail solutions, and HGGC portfolio company MyWebGrocer, a top software and digital media company. The combined company is expected to power retail operations for more than 500 retailers and consumer brands around the world including Abercrombie & Fitch, BevMo!, Cole Haan, Giant Eagle, Levi’s, Nike, Shopko, ShopRite and Tommy Bahama.

The firm was named 2014 M&A Mid-Market Private Equity Firm of the Year by Mergers & Acquisitions magazine.

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License