HGGC, LLC is a private equity investment firm that specializes in leveraged buyout deals, add-on acquisitions, growth equity and platform investments. Based in Palo, Alto, California, they also have offices located in West Palm Beach, Florida, Salt Lake City and Foxborough, Massachusetts. HGGC was founded in 2007 by Bob Gay, Richard Lawson, Gregory Benson and Steve Young, and the firm originally went by Huntsman Gay Global Capital, LLC before shortening their name.
The firm’s investment tendencies vary. They invest primarily in North American businesses, although they are also open to international opportunities, and they usually invest between 25 and 125 million in a given company. Based on their investment history, they also tend to prefer either a majority position in a company or a minority position with control rights. Sectors that HGGC has invested in include, but are not limited to, manufacturing, consumer products, healthcare, software and information services.
WATCH: Steve Young on his journey from @NFL‘s @49ers to co-founding a global @privateequity firm that oversees portfolio companies that employ more than 62,000 employees worldwide – https://t.co/ztKzHZHry0
— HGGC (@HGGC_LLC) May 10, 2018
Since the firm’s inception, they have made over a hundred portfolio investments, with the total value of these transactions reaching more than 18 billion dollars. Their most recent activity took the form of merger/acquisitions deals with RPX Corporation and MyWebGrocer, Inc., both of which took place this past year of 2018. In recent years they have also been the lead investor in transactions with companies such as FPX, Denodo Technologies, AutoAlert and hybris, and their current portfolio includes more than a dozen successful businesses in total.
HGGC is led by co-founder Richard Lawson, who currently serves as the firm’s CEO, while co-founders Mr. Gay and Mr. Young also occupy executive positions. HGGC has a stated middle-market focus, and they look primarily to invest in companies that they are confident have competitive positions in major defensible markets. This past October, they announced six new executive appointments, including a new Principal, Colin Phinisey, and a new Executive Director, Christopher Guinn.