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HGGC is a successful private equity firm that is a leader in its industry. Due to its recent growth and profit, more qualified personal and promotion within the company was needed. Thanks to sizeable investment from a private donor, new hires and promotions were possible. A 2018 merger between My Web Grocer (MWG) a HGGC subsidiary, and Mi9, has brought large profits to HGGC.

Company Background

Located in Palo Alto, the heart of the Silicon Valley, HGGC was founded in 2007 by Steve Young, Bob Gay, Richard Lawson, and Gregory Benson. A venture capital financial services company that specializes in privately funded investments and mergers, this company has now $3.2 billion from 2 investment funds. Their investments are often in technology based companies, but they work with partners from all over the private sector and work to make their investors portfolio’s profitable and successful.

Hires and Promotions

On March 26, 2019 Dyal Capital Partners made an important investment that allowed HGGC to promote several of their internal personnel and hire some new employees. A few of the new employees promoted to partner include:

Harv Barinz sources new platform investments as well other duties within the company. Les Brown is Chairman of the Board of Directors for the Fund III investment. John Block is now instrumental in several investment funds throughout the company. Steven Leistner is active with investments for the company, especially with the Fund III investment. Lance Taylor serves as Chief Financial Officer for the firm and several investments funds.

Others promoted are: Kurt Krieger, Chris Schulze, Jay Tabu, Peter Cozzi, and Neha Vaidya.

New hires selected to join the company are: Lindsay Sparks new Executive Director, Greg Catabiano new Executive Director, Mo Gulamhusein new Vice President, Holland Reynolds new Investment Associate, and Chandni Shah new fund Accountant in the Operations Team.

On October 15, 2018 HGGC merged with Mi9 Retail. This merger now powers retail operations for brands like Nike and Levi’s, over 500 brands in total. This merger is projected to earn billions of dollars for the respective companies.

https://www.bloomberg.com/profile/company/3069467Z:US

The Palo Alto-based private equity firm HGGC reports a huge growth in overall volume transaction during the past five years. Since the beginning of 2017 alone, HGGC closed seven platform investments and 23 add-on transactions. The firm also conducted five liquidity events. Company officials say deal volume over the past five years doubled that of the previous five years of operation.

HGGC was founded in 2007. One it’s famous co-founders if the former NFL quarterback Steve Young. He led the San Francisco 49ers to three Super Bowl Championships in the 1980s and 1990s. He was inducted into the NFL Hall of Fame in 2005.

Other co-founders are equally famous on the field of finance. They include legendary names such as John M. Huntsman and Robert C. Gay. Other co-founders were Richard Lawson and Gregory Benson.

From the beginning, this super team was determined to create a different kind of company. It was focused on bringing cutting edge technologies to sectors of the economy that lagged behind in terms of using IT and high tech to bolster business. Examples of where HGGC operates are car dealerships, grocery stores, marketing firms an insurance operators. The company invests in middle-market entities in these categories and others using leveraged buyouts, recapitalization and growth equity investments to reshape their models.

HGGC has completed acquisitions, recapitalizations, platform investment with a total transaction value north of $12 billion. That represents 60-plus investments and 46,000 portfolio employees. Additionally, the company was recently named the M&A Mid-Market Private Equity Firm of the Year by Mergers & Acquisitions Magazine.

HGGC has also been in the news recently for bringing an array of new talent into the firm. They include Colin Phinisey who joins the team as a principal. He will lead capital markets across the firm’s portfolio. Phinisey is the former director of leveraged finance with Deutsche Bank Securities. He also previously served as senior financial analyst for Wachovia.

Another talent add-on is Christopher Guinn. He will be executive director working within the firm’s growing portfolio. He formerly headed acquisition integration Ply Gem Industries, a Golden Gate Capital firm.

https://www.nytimes.com/2015/03/05/business/dealbook/private-equity-firm-hggc-raises-1-3-billion-for-new-fund.html