HGGC

HGGC is a prominent middle-market private equity firm based in Palo Alto, California, with over $7 billion in cumulative capital commitments. The firm focuses on leveraged buyouts, recapitalizations, and growth equity investments, primarily targeting companies with annual revenues between $100 million and $1 billion. HGGC has completed transactions with an aggregate value exceeding $50 billion since its inception in 2007.

The firm's investment strategy is centered on partnering with management teams, founders, and sponsors who reinvest alongside HGGC, fostering a strong alignment of interests. HGGC's portfolio spans various industries, including business services, consumer products, defense, energy, financial services, information technology, life sciences, manufacturing, media, retail, and software. The firm typically invests between $25 million and $100 million in equity per transaction.

HGGC's leadership includes CEO Rich Lawson and Managing Director Steve Young, a former NFL quarterback. The firm has a history of successful investments, such as the majority stake in iQor Holdings Inc., a global provider of business process outsourcing services, and the acquisition of a majority stake in Grand Fitness Partners, a franchisee of Planet Fitness clubs. These investments highlight HGGC's commitment to partnering with strong management teams to drive growth and value creation in its portfolio companies.