HGGC
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| Private Ownership | |
| Industry | Private Equity |
| Founded | 2007 |
| Headquarters | Palo Alto, CA |
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Key people
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Gregory M. Benson, Leslie M. Brown, Jr., Richard F. Lawson, Jr., Neil H. White, J. Steven Young |
| Total assets | $4.3 billion |
| Website | www.hggc.com |
HGGC is a middle-market private equity firm based in Palo Alto, California, with over $4.25 billion of cumulative capital commitments. Since inception in 2007, HGGC has completed platform investments, add-on acquisitions, recapitalizations and liquidity events with aggregate transaction value of over $12 billion, representing more than 60 individual investments with more than 46,000 portfolio company employees. The firm was named 2014 M&A Mid-Market Private Equity Firm of the Year by Mergers & Acquisitions magazine.
HGGC is led by private equity executive Richard F. Lawson, Jr., who serves as CEO, former Bain Capital executive Gregory M. Benson, former Nutraceutical International (NASDAQ: NUTR) CFO Leslie M. Brown, Jr., and NFL Hall of Fame quarterback Steve Young.
HGGC was originally co-founded as H&G Capital Partners by Messrs. Benson, Lawson and Young alongside Jon M. Huntsman and Robert C. Gay. Prior to co-founding H&G Capital Partners, Huntsman founded Huntsman Chemical Corporation, the largest manufacturer of polystyrene in the United States. Gay was a long-time Bain Capital managing director, who gained additional prominence due to his connection to former Bain Capital alumnus and presidential candidate Mitt Romney.
Shortly after launching as H&G Capital Partners, the firm was sued in 2008 by H.I.G. Capital, which argued that the H&G name would cause confusion with H.I.G. in the marketplace. H&G Capital Partners agreed to change its name to Huntsman Gay Global Capital in recognition of two of its most senior founding partners.
Gay, who had served as CEO of Huntsman Gay Global Capital since inception, accepted a calling in March 2012 to serve full-time as a general authority of The Church of Jesus Christ of Latter-day Saints. Following Gay’s departure, Gary Crittenden assumed the role of CEO at Huntsman Gay Global Capital. A year later, in 2013, Huntsman Gay Global Capital rebranded itself once again to the simpler HGGC, along with making some top management changes. Lawson became CEO, taking over from Crittenden, who became Chairman.
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