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HGGC highly backs MyWebGrocer. It recently appointed a new president named Eric Healy. Initially, he worked at Rosetta where he served as the CEO. Situated in Winooski, MyWebGrocer is a primary provider of digital marketing as well as e-commerce solutions for consumer packaged goods sectors.

Press Release

MyWebGrocer has appointed Eric Healey as the new president. He brings to the extensive firm experience having worked on leading consumer brands across the world, marketing as well as technology organizations. Healey joins the company from Publicis Groupe, where he was the CEO and was in charge of accelerating the company’s position as the head of customer engagement agency that offers a broad spectrum of customized content and global e-commerce to Fortune 1000 customers. Moreover, Eric is a multi-skilled executive with a vast history of garnering and driving new business ideas and relationships as he delivers revolutionary generation marketing ideas as well as e-commerce solutions.

Leadership Position and Key Responsibilities

Healy has been a holder of multiple senior positions in interactive as well as full-service marketing companies. Before working at Rosetta, he was vice president and lead at Sapient Corporation, where he served as the co-leader at the Boston office. Earlier in his job, he held various roles at The Rockport Company as well as Reebok International Ltd, where he served as a director of global e-commerce. In his role as the president, Healy will share his responsibility for implementing MyWebGrocer’s strategic vision for the general growth as well as the management of the company while overseeing primary functional aspects of the firm. He shall also serve as a board member of the company along the founding members of HGGC, initially known as Huntsman Gay Global Capital.

Why Healy Was Appointed

Healy is familiar with the challenges that CPG brands face when it comes to building highly personalized relationships with consumers, as they demonstrate business value by the growing use of omnichannel as well as digital experience platforms. Although grocery e-commerce is gaining mainstream traction, many retail companies are being encouraged to anticipate consumer’s needs by delivering personalized communications that enhance consumer’s shopping experience. By addressing such issues, MyWebCrocer is making it possible for grocers as well as partners to monetize their interaction with shoppers.

HGGC’s Profile

HGGC is a middle-market private equity company that has more than $4.3 billion not only in cumulative capital commitments but in advantaged investing. The company has a model that enables the company to source and acquire scalable businesses at attractive multiples via collaborations with management teams, sponsors, and reinvest with various management teams. HGGC has also completed over forty platforms of investments and add-on acquisitions.

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

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