HGGC, LLC is a privately owned equity firm with expertise in a variety of equity accounts to include leveraged buyouts, corporate carve-outs, and platform investments. The firm also has a diverse investment portfolio in business services, healthcare, and information services among many others. The company has the majority of its investments in North America but is also open to international opportunities. In most cases, the firm invests $25 million-$125 in a company that it feels has a potential for growth and success.
Recently, the firm made an announcement that it will be increasing the size of its team by adding six new hires in the financial, operations, and investment departments. The new hires come from highly successful companies and bring a wealth of knowledge and experience with them to help HGGC achieve its goals of continued growth. Colin Phinisey will be a Principal with the company and be in charge of capital markets accounts. He has a banking background and extensive experience in capital markets. Mr. Phinisey recently was a director at Deutsche Bank Securities Inc. for over eight years.
On September 27, 2017, FPX, announced that it had received an investment from HGGC. The amount of teh investment was not disclosed. FPX was acquired by HGGC in 2016. FPX specializes in Configure Price Quote(CPQ) solutions. HGGC is respected for its investment success in a variety of businesses. The company has aggregate investment values of over $15 billion and has notable investments in Hybris, MyWebGrocer, and Selligent. Richard Lawson COO of HGGC believes that FPX will soon dominate the CPQ market and that the investment will be well worth it. Prior to the investment, FPX had experienced tremendous growth and opened a European headquarters in Munich, Germany. During this same period, it expanded its operations in London. Senior Management leaders also created partnerships with SAP and Microsoft along with strengthening the international management team. FPX CEO Dave Batt commended the investment into the company and said it was a testament to the hard, success, and vision of the company. He feels that the market is constantly evolving and that more businesses will need CPQ solutions.