HGGC’s growth into the leading middle market privately owned firm can be attributed to the exceptionally talented team of professionals working in the firm. The team has members who have gained much-needed experience after working in the private sector for several years. The firm’s main aim is to bring their partners interests in line with the firm’s interests so that they realize success as a team. The framework of HGGC is set up in a way that they bring in the best practices from global and private equity corporations to create the best performing middle market businesses.
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
The firm is based in Palo Alto Calif. The main investments of the firm are located in North America. However, it also considers investing in international businesses. HGGC is uniquely renowned by its Advantage Investing approach. The approach empowers the company with the ability to not only source but also acquire scalable businesses that attract numerous businesses. This is realized through partnerships with founders, sponsors, and management teams, who in turn reinvest with the firm, hence, coming up with strongly aligned interests. In the course of its existence, HGGC has been involved with over 130 platform investments, liquidity events, and add-on acquisitions with an estimation of over $20 billion in transactions.
Recently, the firm partnered with Dyal Capital Partners as they acquired a minority interest in the firm. Besides, the firm in January 2017 invested in Davies Group, which is an insurance provider. Since the investment, the group has done over 11 transactions and are in the course of delivering double-digit in terms of annual organic growth. HGGC power when it comes to attracting investors is what led to a minority investment in Davies Group by AIMCO (Alberta Investment Management Corporation).
HGGC has a minority investment in Idera Inc. Idera is also in partnership with other investors, such as Company Management and TA Associates. The firm aims to be in numerous investments ranging from business services, financial services, infrastructure, chemicals, industrial services, software and technology field, consumer products, and healthcare. For instance, Idera Inc is a company that develops software and has over 50,000 clients in different industries such as energy, education, healthcare, media, technology, and retail.
HGGC is one of the most celebrated companies within the field of business investment today. They have shown that collectively, they have a very powerful feel for what moves will generate a profit in business. Because of their inherent abilities as individuals, they are able to work even better as a group. Each one brings their own knowledge and experience to the table, but when all that knowledge and experience groups up together, the result is a genuine force to be reckoned with.
Because there are so many people with years of experience within HGGC, it is hard for them to come across a situation they have not seen before. As a result of this, they are able to deduce what the very best route to take is on any situation in a very short period of time. That period of time, while it may seem insubstantial, is actually very important for middle market private equity firms.
Quickness is always a priority for HGGC, and if it was not, they probably would not have been able to attain the success they see today. Within their field, if a company is sluggish in deciding what to do next, they will usually be wiped out of the competition. There will always be another business working faster than you if you are not willing to keep up with the times.
HGGC is well aware of how quickly progress takes place, and they have learned long ago that rather than oppose it, it is best to go along with it. If one does not, how can they be expected to keep up in the constant race of business? People are always trying to one-up one another, and it is this spirit that allows us as human beings to grow so exponentially. This is the cause HGGC fights for on a daily basis. They are perfectly aware of the impact they have on the world, and they want to use that impact to help out those in need. It is not because of their business intuition but rather because of their moral strength that people have so greatly praised HGGC throughout its years of running.