HGGC, LLC is a California-based, middle market private equity firm. The firm was founded in 2007. They specialize in numerous financial activities performed for their private and public clients. Their areas of expertise include leveraged buyouts, add-on acquisitions, recapitalizations, growth equity, investments, corporate carve-outs, and corporate restructuring. The headquarters of the firm are located in Palo Alto, and they have additional locations in West Palm Beach, FL, Salt Lake City, UT, and Foxborough, MA.
HGGC, LLC invests in business and financial services and in industries such as manufacturing, consumer products, healthcare services, industrial companies, chemicals, infrastructure, and information services. The company previously operated under the name of Gay Global Capital, LLC. The company recently announced that a formal agreement has been entered into regarding merger plans for Mi9 Retail and MyWebGrocer, one of their portfolio companies and a software and digital media company. They cater to the grocery and consumer goods industries. Mi9 Retail is a leading service provider of omni-channel retail with hundreds of clients.
HGGC, LLC further reported that the merger will result in a significant expansion of software solutions at Mi9. The rapid growth of the company will also place them in the ranks of being one of the largest independent retail software providers. The force of the two companies combined will power the operations of an estimated 500 retail companies and consumer brand companies throughout the world. These include such prominent companies as Abercrombie & Fitch, BevMo!, ShopRite, Cole Haan, Giant Eagle, Levi’s, Nike, Shopko, and Tommy Bahama. The Mi9 Retail and MWG business estimates that between $250 million and several billion in revenue will be reached. Furthermore, the market segment is historically growing at a rate of five percent or more each year.
Richard F, Lawson, Jr. is the Chief Executive Officer and a co-founder of HGGC, LLC. The other key members of the company include Gregory M. Benson, Leslie M. Brown, Jr., Neil H. White, and J. Steven Young.