HGGC is a middle-market, privately-held equity firm that has over $15 billion in investment transactions under its belt. In April of 2016 it acquired FPX, a global leader in enterprise Configure Price Quoting. In September of 2017 HGGC made an additional investment in the globally-expanding FPX to help facilitate further growth and expansion. The amount was undisclosed, but both parties state that it will be a useful amount that will assist in FPX growth and the profit of both companies.
Known for a successful track record of making investments in companies that compete in e-commerce realms, HGGC maintains a solid footprint in the digital market. FPX was a leading innovator in Business to Business sales, simplifying the process and increasing the profit for all concerned. Their 2016 acquisition of FPX seemed common sense, and the increased investment in FPX’s growth is seen as a natural extension of that initial investment.
FPX is a independent SaaS vendor that tries to stay ahead of the ever-changing digital marketplace and help their clients stay ahead as well while engaging in Business 2 Business transactions.
As a firm with a reputation for e-commerce investments, HGGC has conducted over $25 billion in aggregate transactions and has more than $4.3 billion in capital commitments. They not only acquire and invest in companies, but also engage in liquidity transactions, add-on acquisitions and recapitalization transactions, having more than 60 such deals to their credit.
The investment by HGGC in FPX is seen as an endorsement of FPX’s ability to continue to help their clients to increase sales compatibility and market share. As the co-founder and Chief Executive Officer of HGGC, Rich Lawson emphasized this confidence, stating that FPX was acquired because they were the best at what they do.
As an investor, the company doesn’t simply buy up other businesses: They invest in their growth alongside the current operations, investment and capitalization entities that were already there. In other words, they don’t find weak businesses: They find strong ones in need of investment capital and then work alongside them to facilitate their growth, profiting both companies in kind.