HGGC Adds To Talent Pool As Growth Expectations Rise
Bloomberg provides a corporate snapshot of HGGC LLC, billing it as a private equity firm. The report shows HGGC specializes in a broad range of investment endeavors covering a comprehensive number of sectors. The firm’s ventures range from leveraged buyouts, acquisitions, and investments to recapitalization and restructuring. Sectors include business and financial services, manufacturing and industrial concerns, technology and software development, and healthcare. Although the firm primarily invests in North American companies, it is open to global opportunities.
The firm invests with the intention of HGGC LLC taking a majority position or controlling rights with a minority position. The investments typically range from $25 million to $125 million in companies with an EBITDA of $15 million to $75 million and a worth of at least $100 million.
Bloomberg lists the firm’s key executives and founders. Among them are Richard Franklin Lawson Jr., co-founder and chief executive officer, Robert Christopher Gay, co-founder, executive director, and senior adviser, and Lance Riley Taylor as chief financial officer.
In October 2018, BusinessWire announced that HGGC LLC added two new executive members and four associates to its team. The executives are Colin Phinisey, investment banking professional, and Christopher Guinn, executive director. The firm chose the additional members, all from blue-chip company backgrounds, to strengthen its talent pool for expected growth.
The announcement focuses on Colin Phinisey, the appointed capital markets expert. Phinisey comes most recently from Deutsche Bank Securities Inc., where he spent more than eight years. The firm expects Phinisey to guide them in developing best practices to further their financing efforts. Phinisey specializes in mergers and acquisitions, debt finance, and leveraged buyouts.
The interview reports that Lawson states his firm, HGGC LLC, has been involved in financing $4.3 billion in transactions, and he expects transactions to surpass that amount in 2019. Founded in 2007, the Palo Alto-based firm has additional offices in West Palm Beach, Florida, Salt Lake City, Utah, and Foxborough, Massachusetts