HGGC is a private equity firm that works with middle market companies to help them increase performance and encourage growth. They have a team of highly experienced and trained industry professionals who deliver results to clients.
A Major Merger
One of their most recent major consolidation efforts was between RPX and Riptide Parent LLC. The merger would consist of RPX becoming part of Riptide Parent which is an affiliate of HGGC. The shares of RPX were offered for $10.50 per share during the proposed merger agreement. Once the transaction was completed, RPX would officially become a privately held company.
Branching Out And Growing Consistently
Currently, HGGC has $4.3 billion in total investments and has a total transaction value of $17 billion. The company is currently by Richard F. Lawson Jr. who serves as the company’s CEO. Gregory M. Benson, Leslie M. Brown Jr., and Steve Young make up the remaining list of executives responsible for leading the company to such success. The company invests in a variety of different markets including industrial, consumer, and tech-enabled services. Their primary focus right now is technology, however, and they are focusing on helping companies update their current technology resources to keep them competitive. Most of the investments are located in the United States, but they are also branching out to other countries.
The company was originally called H&G capital Partners in 2008 but was forced to change their name in light of legal action taken against the company due to their name. They changed it to Huntsman Gay Global Capital but were forced to once again Change their name to the abbreviated HGGC version when the CEO Robert Gay left to become the general authority to The Church of Jesus Christ of Latter Day Saints. Since then the company has been simply known as HGGC and have been dominating the field since.