HGGC has invested in many types of deals over the years. Currently, the firm has been recognised as being on the lead when it comes to private equity. In all the acquisitions it has transacted, it has now over $4 billion worth of responsibility in investment capital
The company operates from Silicon Valley in the state of California.
The reinvestment model that it uses is unique since it allows the firm to acquire different assets at very favourable deals. The company partners up with key stakeholders and sponsors to wheel their design.
The growth of HGGC over the years
Hggg transacts in new acquisitions, financial services, asset management, investment banking, liquidations, recapitalisations, and reinvestments. In 2016, the company’s net worth was a total of $12B. There are more than ten acquisitions that it has transacted and here is a look at a few of these remarkable deals.
HGGC’s acquisition of the Davies group
Davies group is a European company in the insurance secrot. It is based inlonodn, and it offers insurance covers to clients in the United Kingdom as well as Ireland. In this acquisition deal, they hired PriceWaterCoopers to be their financial and tax advisors.
Davies Company is a big establishment as it processes claims that amount to huge sums of money annually. This move helped them to be established in the international business environment.
The CEO of HGGC Richard Lawson commented that Davies Group was not just another investment move, but a strategic investment because Davies Group was already established in its field with cutting-edge technology and systematic planning and research efficiency. Other companies in the health services sector that they have invited in include Pearl and Holding Group which is a company that provides insurance services and Integrity Marketing Group, a company which distributes health and life insurance in the senior market.
HGGC’s Steve Young – “HGGC chose to invest in @AventriSoftware because we believed in their team and their dedication to offering the market a data-driven platform to grow an organization’s revenue around events.” #software #PrivateEquity https://t.co/VfSsudtfI6
— HGGC (@HGGC_LLC) October 18, 2018
HGGC acquisition of RPX
The company acquired RPX in May 2018 under the Fund II. .RPX was acquired for $500M and all its sitting executives replaced by the executives at HGGC. This is because the company prefers controlled investments and being majority shareholders gives them the upper hand in the management of such acquisitions.