Co-Founded in 2007 by a NFL Hall of Fame quarterback, the middle-market private equity firm HGGC today reports an aggregate transaction value of more than $12 billion. That includes 60 individual investments and 46,000 portfolio company employees.
Steve Young found fame winning three Super Bowls with the San Francisco 49ers leading a team of superstars that included Jerry Rice and others. But now Mr. Young leads a team of financial superstars that have put together a groundbreaking financial firm that has earned wide recognition and accolades from media and industry observers.
For example, in 2014 HGGC was named the M&A Mid-Market Private Equity Firm of the Year by Mergers & Acquisitions Magazine. Ii is based in Palo Alto, California.
Young serves as managing director with Rich Lawson taking the helm of CEO. The company deals in leveraged buyouts as well as growth equity investments in middle market companies. A focus for HGGC are entities that are bogged down by out-of-date technology. Examples might be car dealers, grocery stores, insurance agents and marketing agencies.
HGGC has recently bolstered its bench with the addition of new talent. That includes Colin Phinisey who has come on as a principle. He will be responsible for taking the lead on efforts in capital markets across a range of company portfolio. Phinesey most recently served as a director for Deutsche Bank Securities. Before that he was senior financial analyst for Wachovia.
Also joining the team is Christopher Guinn who will hold an executive director position. His background includes a stint with the Golden Gate Capital company Ply Gem Industries. He also served as CFO for Atrium Corp and Neways International, both Golden Gate portfolio companies.
CEO Lawson called 2017 the “busiest year ever” for HGGC. The company put to bed seven platform investments and made 23 add-on transactions. It also conducted five liquidity events. During the last five years HGGC saw a 130 percent deal volume increase compared with the previous five-year period.
Finally, Randy Jacobs who is CEO of Idera, was named M&A Mid-Market Award for 2017 Dealmaker of the Year. Idera is an HGGC-backed operation.