The global private equity firm HGGC made it more than 10 years already. During this time, the company accumulated more than $4.3 billion in capital. These funds were raised via financial commitments made with corporations such as FPX, which is a cloud-based solutions company, and Denodo, which is a data virtualization company.
Other financial investments included those made with AutoAlert, MyWebGrocer, Hybris and Integrity. HGGC also has completed a variety of other transactions such as acquisitions, recapitalizations and liquidities. They also have completed a variety of platform investments. Transaction values of these funds totals about $17 million.
Additional Recent Deals
On January 23, 2019, HGGC decided to facilitate a deal with Davies Group Ltd., a UK digital solutions and tech management provider. A minority stake of Davies was sold to Alberta Investment Management Corporation. The move was made with AIMCo’s clients in mind, and HGGC will still hold majority ownership in the company. This transaction involves the oversight of financial, insurance and communications needs as well as marketing and organizational services for hundreds of clients.
About two months prior, Davies Group acquired Veriphy Limited, which is a check verification service, and the Know Your Customer and Anti Money Laundering technologies. This places an increased focus on regulation of funds transmitted from one hand to the next while improving customer service platforms.
HGGC also had a hand in guiding the merger of Mi9 and MyWebGrocer. Mi9 offers a range of retail solutions, and MyWebGrocer is a digital media and software provider. This transaction took place to improve the quality of available retail software platforms.
They constantly search for ways to build partner relationships. Through these connections, they capitalize on the strengths of every organization involved. This provides a strong bond within a network system that also fosters strong reference relationships and improves customer service to clients.