HGGC was founded in 2007 and is located in Palo Alto, California. The founders of the firm are Bob Gay, Steve Young, Richard Lawson, and Gregory M. Benson. The firm has more than 10,000 employees. It is a top private equity firm that has a talented team of experts with many years of operational experience. The firm has made seven major investments. Its most recent investment was in FPX in 2017. The firm has also invested in Hybris, MyWebGrocer, Denodo Technologies, Integrity Marketing Group, and more. It specializes in corporate carve-outs, growth equity, recapitalizations, public to private investments, platform investments, and the reconstruction of middle market private and public companies.
The firm has raised an estimated $3.2 billion with two funds. The most recent fund was HGGC Fund III, which was announced in 2016. This fund has raised $1.8 billion. The other fund is known as HGGC Fund II LP, which was announced in 2015 and has raised an estimated $1.3 billion. The firm has acquired 14 organizations. Its latest acquisition was RPX Corporation in 2018. The RPX Corporation was acquired by the firm for $555 million. The firm has also acquired Idera Inc., HelpSystems, AIMC, Nutraceutical International, StrongView, Davies Group, and more.
In October of 2018, the firm expanded its team with the addition of six new employees. These employees specialize in operations, financial, and investment functions. The current CEO is Richard Franklin Lawson, and the chief financial officer is Lance Riley Taylor. Annie Loosie is the operations manager of HGGC, and the managing director of the firm is Steven Young.
The firm invests in companies that are in leading competitive positions. HGGC helps these companies succeed through the team’s operating skills and relationships. The firm has a total transaction value of $19 billion and $4.3 billion in cumulative commitments. The company currently has 116 portfolio investments.