289:-based private equity firm H.I.G. Capital sent a letter to H&G Capital Partners in March 2008 demanding that the firm change its name. H.I.G., which also makes private equity investments in middle market companies in the United States, claimed that the similarity of the two names would cause confusion in the market. H.I.G. subsequently sued H&G Capital Partners, hoping to prevent H&G Capital Partners from using the name. Previously, H.I.G. had been at the receiving end of similar litigation in Europe. In 2007, HgCapital, a European private equity firm had launched a trademark infringement lawsuit against H.I.G. Capital after it intensified its efforts in Europe.
278:
270:
179:
2021, it was reported that HGGC and investment firm
Snapdragon Capital Partners invested $ 240 million in online supplement dispensary firm Fullscript. As of July 2022, the company's portfolio also included automotive industry data-mining company AutoAlert, vitamin and supplement business Better Being, and property-management software firm Entrata.
256:
Early Fund II investment transactions include AutoAlert, which provides cloud-based data and analytics services to the automotive market; Pearl
Holding Group, an insurance-services company; Serena Software, an information technology business, which sold to Micro Focus International Plc (LSE: MCRO.L)
225:
HGGC's second fund (Fund II) held a first close in March 2014 and a final close in March 2015. Fund II received $ 1.3 billion of investor commitments, surpassing a $ 1 billion target and reaching a $ 1.25 billion voluntary hard cap, which excluded the firm's GP commitment of $ 80 million. Notable
178:
In August 2021, it was reported that the company had a minority stake in the hair extension product company Beauty
Industry Group (BIG). In November 2021, it was reported that HGGC had purchased a majority stake in Grand Fitness Partners, a franchisee with 42 Planet Fitness clubs. Also in November
239:
HGGC's third flagship fund (Fund III) launched on
September 6, 2016, and held a final close on December 14, 2016, which represented only 99 days in market. Fund III received $ 1.84 billion of investor commitments, surpassing a $ 1.5 billion target and reaching a $ 1.75 billion voluntary hard cap,
260:
Representative Fund I investments include MyWebGrocer; Citadel
Plastics Holdings, which sold to A. Schulman (NASDAQ: SHLM) for $ 800 million; Hollander Sleep Products, which sold to Sentinel Capital Partners; hybris, an e-commerce business that was sold to SAP for over $ 1 billion; and Sunquest
202:
HGGC invests across a range of industry sectors, including tech and tech-enabled services, business services, financial services, consumer and industrials. HGGC's investing focus is typically on middle-market companies that have $ 100 million to $ 1 billion in annual revenues. HGGC primarily
192:
Technology, in and of itself, is invading every end market, and it is driving companies to be more competitive than their peers," says Rich Lawson, CEO of HGGC. "What's changed is the proliferation of a computer in everyone's pocket. There's a much more sophisticated end-user base, and that is
116:
based in Palo Alto, California, with over $ 7 billion of cumulative capital commitments. Since its inception in 2007, HGGC has completed transactions with an aggregate transaction value of $ 50 billion. The firm was named 2014 M&A Mid-Market
Private Equity Firm of the Year by Mergers &
187:
HGGC makes leveraged buyout, recapitalization and growth equity investments in middle market companies. HGGC looks to invest in companies involved in updating end markets that are still steeped in outdated technology, including grocery stores, car dealerships, marketing agencies and insurance
216:
HGGC's debut fund (Fund I) held a first close in March 2008 and a final close in March 2009. Fund I received $ 1.1 billion of investor commitments, ahead of its original $ 1 billion target. In May 2008, CalPERS made a $ 180 million commitment to this initial private equity fund.
230:
of
Toronto, Canada. Other investors in Fund II include Swedish public pension AP Fonden 3, Pennsylvania Public School Employees' Retirement System (PSERS), British public pension West Yorkshire Pension Fund, Belgian investment firm Brederode SA and French insurer CNP Assurances.
174:
assumed the role of CEO at
Huntsman Gay Global Capital. A year later, in 2013, Huntsman Gay Global Capital rebranded itself once again to the simpler HGGC, along with making some top management changes. Lawson became CEO, taking over from Crittenden, who became chairman.
27:
155:, which argued that the H&G name would cause confusion with H.I.G. in the marketplace. H&G Capital Partners agreed to change its name to Huntsman Gay Global Capital in recognition of two of its most senior founding partners.
144:, the largest manufacturer of polystyrene in the United States. Gay was a long-time Bain Capital managing director, who gained additional prominence due to his connection to former Bain Capital alumnus and presidential candidate
987:
654:
591:
992:
997:
167:
776:
198:"We're looking for business people using technology to disrupt or drive change in their respective industries," says Les Brown, Managing Director and COO of HGGC.
842:
834:
966:
566:"NFL MVP Steve Young's private-equity shop is betting big on Planet Fitness. Here's why he thinks gyms will win out over home workouts in the long run"
715:
Mary
Kathleen Flynn. "HGGC Closes Third Fund Speedily, as Buyers Seek New Technology for Old Markets." Mergers & Acquisitions, December 16, 2016.
422:
257:
for $ 540 million; and Survey
Sampling International, which provides data and technology services for consumer and business-to-business research.
565:
651:
1002:
539:
356:
Allison Collins. "HGGC's Final Close of Second Fund Illustrates Strength of Succession Plan." Mergers & Acquisitions, March 4, 2015.
314:
769:
449:
Mary Kathleen Flynn. "HGGC Thrived in Transition to Reap PRIVATE EQUITY FIRM OF THE YEAR." Mergers & Acquisitions, March 23, 2015.
688:
Jerry Soverinsky. "All for One – HGGC applies an old-school PE approach to acquiring MyWebGrocer. Middle Market Growth. May 1, 2014.
679:
Demetri Diakantonis. "Micro Focus Buys Serena Software from HGGC, as IT Demands Grow." Mergers & Acquisitions, March 22, 2016.
400:
847:
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121:
78:
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James Mawson and Paul Hodkinson. "HIG and HgCapital spat over name reaches court." Dow Jones Financial News, June 16, 2008.
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292:
H&G Capital Partners eventually renamed itself Huntsman Gay Global Capital, which it later changed to HGGC.
526:
369:
641:
Annabelle Ju. "HGGC expands LP base to Asia with Fund III." Private Equity International, December 15, 2016.
248:
HGGC's fourth fund (Fund IV) closed in June 2022 at $ 2.54 billion, after being targeted at $ 2.25 billion.
652:
http://www.calpers.ca.gov/eip-docs/about/board-cal-agenda/agendas/invest/200805/supplement-may08/part-d.pdf
918:
502:
132:
HGGC was originally co-founded as H&G Capital Partners by Messrs. Benson, Lawson and Young alongside
943:
697:
Iris Dorbian. "A. Schulman buys Citadel from HGGC and Charlesbank for $ 800 mln." PE HUB, June 1, 2015.
754:
159:
141:
277:
226:
investors in HGGC Fund II include PKA-AIP of Copenhagen, Denmark, which committed $ 125 million and
903:
113:
632:
Mary Kathleen Flynn. "EMBEDDED." Mergers & Acquisitions. February 2017, Volume 52, Number 02.
618:
HGGC Fund III hits hard cap in oversubscribed $ 1.84bn final close. AltAssets, December 16, 2016.
124:, Harv Barenz, Les Brown, David Chung, Bill Conrad, Steve Leistner, Lance Taylor and Neil White.
81:, Harv Barenz, Les Brown, David Chung, Bill Conrad, Steve Leistner, Lance Taylor, and Neil White
120:
HGGC is led by private equity executive Rich Lawson, who is CEO, NFL Hall of Fame quarterback
923:
814:
163:
133:
824:
724:"Roper Industries Completes Acquisition of Sunquest Information Systems." August 23, 2012.
269:
726:
http://www.roperind.com/roper-industries-completes-acquisition-sunquest-information-systems
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658:
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Gay, who had served as CEO of Huntsman Gay Global Capital since inception, accepted a
981:
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Information Systems, which sold to Roper Industries (NYSE: ROP) for $ 1.415 billion.
137:
65:
938:
893:
151:
Shortly after launching as H&G Capital Partners, the firm was sued in 2008 by
145:
706:
Iris Dorbian. "HGGC exits Hollander Sleep Products." PE HUB, October 22, 2014.
26:
462:
527:
https://blogs.wsj.com/privateequity/2013/08/29/hggcs-next-play-a-new-fund/
592:"Fullscript raises $ 250 million to expand digital supplement dispensary"
315:"Good guy investor HGGC wraps up fourth flagship vehicle at $ 2.5bn-plus"
670:
CalPERS commits nearly $ 1bn to TPG. Private Equity Online, May 8, 2008.
240:
which excluded the firm's GP commitment of approximately $ 85 million.
227:
140:. Prior to co-founding H&G Capital Partners, Huntsman founded
489:"H.I.G. Battles H&G In Name Dispute." Buyouts, April 28, 2008.
373:
286:
87:
203:
focuses on North American investments, although not exclusively.
423:"Steve Young the Investor Finally Stops Running From NFL Career"
758:
628:
626:
624:
540:"L Catterton Takes Majority Stake in Beauty Industry Group"
445:
443:
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Huntsman Gay Global Capital logo after the 2008 rebranding
273:
H&G Capital Partners logo prior to the 2008 rebranding
485:
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driving change in how businesses will have to compete."
101:
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650:CalPERS Alternative Investment Management Program.
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https://lpgp.net/sites/lpgp.net/files/lp-gp-mag.pdf
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71:
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614:
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988:Financial services companies established in 2007
285:After naming the firm H&G Capital Partners,
168:the Church of Jesus Christ of Latter-day Saints
497:
495:
843:History of private equity and venture capital
770:
342:Huntsman Gay Closes 1st Fund at $ 1.1 billion
8:
19:
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777:
763:
755:
392:
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18:
993:Private equity firms of the United States
503:"Exclusive: Bob Gay leaving Huntsman Gay"
337:
335:
998:Companies based in Palo Alto, California
457:
455:
276:
268:
300:
162:in March 2012 to serve full-time as a
590:St. Onge, Avery (November 30, 2021).
7:
564:Weinman, Aaron (November 18, 2021).
538:Melendez, John (August 12, 2021).
14:
344:. New York Times, July 15, 2009
313:Falconer, Kirk (June 16, 2022).
25:
848:Early history of private equity
421:Kelly, Jason (July 13, 2022).
1:
170:. Following Gay's departure,
142:Huntsman Chemical Corporation
112:is an American middle-market
1003:2007 establishments in Utah
863:Private equity in the 2000s
858:Private equity in the 1990s
853:Private equity in the 1980s
1019:
396:Limited Partner Magazine.
952:
914:High-net-worth individual
889:Corporate venture capital
24:
525:The Wall Street Journal
244:Fund IV ($ 2.54 billion)
235:Fund III ($ 1.8 billion)
16:American investment firm
221:Fund II ($ 1.3 billion)
117:Acquisitions magazine.
919:Institutional investor
282:
274:
212:Fund I ($ 1.1 billion)
200:
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962:Venture capital firms
944:Sovereign wealth fund
370:"PKA AIP – Portfolio"
280:
272:
207:Funds and investments
196:
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957:Private equity firms
967:Portfolio companies
798:Investment strategy
183:Investment strategy
114:private equity firm
21:
657:2011-07-19 at the
403:2015-04-18 at the
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975:
974:
924:Insurance company
751:(company website)
544:The Middle Market
265:Trademark dispute
164:general authority
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106:
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825:Leveraged buyout
792:investment firms
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134:Jon M. Huntsman
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879:Angel investor
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786:Private equity
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743:External links
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934:Merchant bank
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376:on 2015-04-18
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93:$ 6.8 billion
92:
89:
84:
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77:Rich Lawson,
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66:Palo Alto, CA
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939:Pension fund
894:Crowdfunding
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601:December 21,
599:. Retrieved
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575:December 21,
573:. Retrieved
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547:. Retrieved
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510:. Retrieved
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469:. 2023-05-24
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432:December 21,
430:. Retrieved
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374:the original
324:November 29,
322:. Retrieved
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102:www.hggc.com
88:Total assets
62:Headquarters
34:Company type
820:Secondaries
661:(May 2008).
252:Investments
188:providers.
146:Mitt Romney
122:Steve Young
79:Steve Young
982:Categories
512:2023-05-24
473:2023-05-24
380:2015-04-17
296:References
73:Key people
904:Endowment
872:Investors
815:Mezzanine
427:Bloomberg
110:HGGC, LLC
20:HGGC, LLC
655:Archived
463:"Stocks"
401:Archived
44:Industry
835:History
805:Venture
507:Fortune
319:Buyouts
228:OPTrust
160:calling
128:History
98:Website
54:Founded
38:Private
810:Growth
287:Miami
788:and
749:HGGC
603:2022
577:2022
551:2022
434:2022
326:2022
136:and
57:2007
166:of
984::
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778:e
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
