HGGC’s Success, Promotions, and Hires

HGGC is a leading middle-market private equity firm in Palo Alto, California. Originally established in 2007 under the name H&G Capital Partners, the firm currently has about $4.3 billion in cumulative capital commitments. The firm rebranded itself to HGGC in 2013, making some top management changes along the way. They were named the 2014 M&A Mid-Market Private Equity Firm of the Year by Mergers & Acquisitions magazine, and is currently led by private equity executive and CEO Richard F. Lawson, Jr.

The firm mainly focuses on technology investments, though it also has investments in business and financial services, as well as consumer, and industrials. It specializes in leveraged buyouts, recapitalization, growth equity in the middle market and mid-cap private and public companies. HGGC’s debut fund, or Fund I, held closes in March 2008 and 2009, receiving $1.1 billion investor commitments. Its following two funds, including the firm’s flagship Fund III, also surpassed their targets with $1.3 billion and $1.84 billion investor commitments respectively. Last October, HGGC announced a merger between Mi9 Retail and MyWebGrocer, one of the firm’s portfolio companies and a leading provider of retail software solutions, in a marked effort to revolutionize the retail industry.

HGGC recently announced a series of ten promotions and five hires in March, expanding its operational team after an investment from Dyal Capital Partners. These moves help expand the firm and implement their strategy of ‘Advantaged Investing.’ The members of their team promoted to Partner are Les Brown, John Block, Steven Leistner, Harv Barenz, and Lance Taylor. Some of these team members, such as Les Brown, have been a part of the firm since as early as 2007.

Other promotions include Kurt Krieger to Chief Legal Officer, Jay Tabu to Principal, Chris Schulze to Vice President, and Neha Vaidya and Peter Cozzi to Senior Associates. Newly joining the HGGC team are Greg Caltabiano, Lindsay Sparks, Mo Gulamhusein, Holland Reynolds, and Chandni Shah. Caltabiano and Sparks will work as Executive Directors and directly support the firm’s portfolio companies. President and Co-founder Steve Young has expressed great pride in the firm’s existing team and welcomed the new members.

https://www.crunchbase.com/organization/hggc

HGGC on Employment and Expansion

One of the most divisive industries in America’s modern market today is that of middle market private equity. Many people accuse companies of being corrupt and not treating their customers as though they are valuable. Because of this, a corporate entity like HGGC tends to stand out quite a bit in this instance. They have built their reputation on treating other people with respect, and for this reason, they have expanded their empire quite a bit within the past few years of operation.

This is something that they plan on continuing to do for as long as they have influence in the private equity industry, as they believe that it is the responsibility of a corporation to do so. Expansion, to them, is not a selfish endeavor. HGGC does not want to expand because they believe that it is the best for them; they believe that their expansion will enable them to give people the most opportunities to succeed. It is no secret that HGGC is one of the most philanthropic businesses within their field of work, so it should come as no surprise to consumers that they are continually representing values for integrity in the human condition and are doing their best to employ as many people as possible. Their employment process, though it is extremely strict and well-filtered, has given many people chances who might not have ordinarily found one available to them.

This is due to the fact that HGGC does not only consider a person’s talent or work experience when they are hiring; they are also determining the level of passion an individual is willing to present every day. If someone does not seem as though they are passionate in the work they do, there is not a single chance in the world that they will find a position among the ranks of HGGC. That being said, on the other side of the spectrum, if there is someone who shows that they are capable of chasing improvement even throughout the hardest of times, they are more likely to get hired even over someone who has a bit more work experience than them.

https://www.prnewswire.com/news-releases/rpx-corporation-to-be-acquired-by-hggc-for-10-50-per-share-300639821.html

HGGC Takes a Cautious Approach to Investing

Companies that make their money investing have various strategies that they use. Some are much better than others. The companies that stay around the longest are usually the ones that do not rush into foolish investments. The Palo Alto private equity firm HGGC has always been very careful about any potential investment opportunity. This is because there is so much at stake. Possibly losing money is only part of the problem. There is also the chance that they could get the reputation for being very reckless investors if they do not carefully research all of the potential outcomes before investing money.

HGGC lays out all of the possible scenarios at meetings with all of the corporate executives. These people have literally decades of experience working for some of the most successful investment companies all over the world. These people would never throw money away on an investment that has no chance of making a profit. This is why the people and companies that choose to invest with HGGC have the utmost confidence that their money is in the right hands. They are confident that they will see a nice return on their investment without their money being put at risk unless it is necessary.

One of the things that HGGC is known for is being extremely cautions. There are many private equity firms that want to get the jump on their competition. They think the best way to do this is to be the first to make an investment that no other company has done yet. There are times when this strategy will pay off. However, it is also common for the investment to go nowhere and a large amount of money is lost. Therefore, the cautious approach that is taken by HGGC is one that proves to be successful more times than not.

After a decade, HGGC has many satisfied clients who are all too happy to sing their praises. This speaks volumes about the quality of work that they have done since they opened for business 12 years ago. The company continues to get bigger based on their history of success.

 

https://www.nytimes.com/2015/03/05/business/dealbook/private-equity-firm-hggc-raises-1-3-billion-for-new-fund.html