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FINANCIAL | Investment Firms & Funds
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Investments

27

Portfolio Exits

16

Funds

10

Service Providers

3

About HGGC

HGGC is a Palo Alto, California-based middle market private equity firm. HGGC invests in diverse businesses with strong management teams, leveraging its network of relationships and providing hands-on operational proficiency to harness each company's full growth potential.

HGGC Headquarter Location

1950 University Avenue Suite 350

Palo Alto, California, 94303,

United States

650-321-4910

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Latest HGGC News

Beauty Industry Group Announces Investment From L Catterton

Aug 11, 2021

Beauty Industry Group Announces Investment From L Catterton Positions Leading Brands for Continued Success in the Large and Growing Hair Extension Category Author: Aug 11, 2021 2:00 PM EDT SALT LAKE CITY and GREENWICH, Conn., Aug. 11, 2021 /PRNewswire/ -- Beauty Industry Group ("BIG" or the "Company"), the leader in professionally-installed and DIY hair extension products, today announced that it has entered into a definitive agreement under which L Catterton, the largest global consumer-focused private equity firm, will acquire a majority stake in the Company. BIG's existing shareholders, including HGGC, CEO Derrick Porter, and the Company's management team, will reinvest alongside L Catterton and continue to own a significant minority stake in the Company going forward. Terms of the transaction were not disclosed. Founded in 2004, Beauty Industry Group has grown exponentially to become the leading platform in the rapidly growing, global hair extensions category, comprising a premier portfolio of 13 market-leading brands, including HALOCOUTURE, Donna Bella Hair, Beauty Works, Hairtalk, and Luxy. Through its unique multi-channel direct-to-stylist (DTS), direct-to-consumer (DTC), and professional distribution network, the Company currently serves a global customer base reaching more than 100,000 hair salons and stylists, and millions of consumers across 165 countries worldwide. Following the close of the transaction, the Company will continue to be headquartered in Salt Lake City, Utah and led by Chief Executive Officer Derrick Porter and the current management team. "The hair extension category is one of the largest, fastest growing, and most underserved spaces in the hair care category. Consumers of all ages and demographics are increasingly turning to hair extensions for fuller, thicker, and longer hair in their everyday lives," said Avik Pramanik, Partner at L Catterton. "Derrick and the BIG team have established the Company as the premier provider of hair extension services and products for consumers and stylists alike. In addition, BIG has established itself as the partner-of-choice for leading brands and innovators in this emerging category. We share a long-term vision with the BIG team and HGGC, and we look forward to working together to capitalize on new opportunities for long-term, sustainable growth while continuing to deliver the highest quality products to more consumers, stylists, and salons around the world." "We are thrilled to partner with L Catterton to build on our momentum and continue to expand our market leadership within the beauty space," said Derrick Porter, Chief Executive Officer of Beauty Industry Group. "With more and more consumers around the world prioritizing hair extensions over any other beauty service, L Catterton's brand building expertise, operational know-how, and global resources will allow us to enhance our world class supply chain further, and reach more consumers who rely on high quality hair extensions every day. With the support of HGGC over these last several years, we have developed a premier portfolio of leading brands, and we could not be more excited about our Company's future with this partnership." "Having worked alongside Derrick and the entire BIG team for the last three years as the Company has grown its portfolio, entered the DTC channel, and expanded into multiple new geographic markets, including Germany, the United Kingdom, and Australia, we could not be more confident that this partnership with L Catterton will allow the Company to capitalize on several exciting organic growth and acquisition opportunities," said Steven Leistner, Partner at HGGC. "We look forward to continuing our great relationship with Derrick and the management team as we support BIG through its next phase of growth." L Catterton has significant experience investing globally in differentiated consumer brands including those in the beauty and haircare space. Current and past investments include Intercos, Marubi, The Honest Company, Elemis, Function of Beauty, Bliss, Il Makiage, Frederic Fekkai, Nutrafol, and Tula. About Beauty Industry Group BIG, established in 2004, is an industry leader for professionally installed and direct to consumer hair extensions. BIG's products are sold in more than 30,000 salons across 165 countries. BIG has offices in 5 countries and is headquartered in Salt Lake City, UT. For more information about Beauty Industry Group please visit BeautyIndustryGroup.com. About L Catterton With approximately $30 billion of equity capital across its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm. L Catterton's team of nearly 200 investment and operating professionals partners with management teams around the world to implement strategic plans to foster growth, leveraging deep category insight, operational excellence, and a broad partnership network. Since 1989, the firm has made over 250 investments in leading consumer brands. For more information about L Catterton, please visit lcatterton.com . About HGGC HGGC is a leading middle-market private equity firm with over $5.5 billion in cumulative capital commitments. Based in Palo Alto, California, HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Since its inception in 2007, HGGC has completed 290 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $38 billion. Contacts

HGGC Investments

27 Investments

HGGC has made 27 investments. Their latest investment was in Buildertrend as part of their Growth Equity on December 12, 2020.

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HGGC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/24/2020

Growth Equity

Buildertrend

Yes

3

12/17/2020

Series C

Aceable

$50M

Yes

5

6/23/2020

Growth Equity

Aventri

Yes

1

1/21/2020

Private Equity

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$99M

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10

10/10/2019

Private Equity

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$99M

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10

Date

12/24/2020

12/17/2020

6/23/2020

1/21/2020

10/10/2019

Round

Growth Equity

Series C

Growth Equity

Private Equity

Private Equity

Company

Buildertrend

Aceable

Aventri

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Amount

$50M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

5

1

10

10

HGGC Portfolio Exits

16 Portfolio Exits

HGGC has 16 portfolio exits. Their latest portfolio exit was Davies Group on March 16, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/16/2021

Acq - Fin - IV

$991

BC Partners

4

3/8/2021

Acquired

$991

Snap-on

8

1/22/2021

Acq - Fin - III

$991

Partners Group

4

00/00/0000

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10

00/00/0000

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10

Date

3/16/2021

3/8/2021

1/22/2021

00/00/0000

00/00/0000

Exit

Acq - Fin - IV

Acquired

Acq - Fin - III

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Companies

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Valuation

$991

$991

$991

Acquirer

BC Partners

Snap-on

Partners Group

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Sources

4

8

4

10

10

HGGC Acquisitions

24 Acquisitions

HGGC acquired 24 companies. Their latest acquisition was Marmic Fire & Safety on February 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/2/2021

Acq - Fin

Acq - Fin - II

4

12/21/2020

Private Equity

Acq - Fin

8

4/2/2020

Acq - Fin

2

10/11/2019

IPO

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$991

$99M

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10

2/26/2018

Private Equity

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$991

$99M

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10

Date

2/2/2021

12/21/2020

4/2/2020

10/11/2019

2/26/2018

Investment Stage

Acq - Fin

Private Equity

IPO

Private Equity

Companies

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Valuation

$991

$991

Total Funding

$99M

$99M

Note

Acq - Fin - II

Acq - Fin

Acq - Fin

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Sources

4

8

2

10

10

HGGC Fund History

10 Fund Histories

HGGC has 10 funds, including HGGC Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/23/2020

HGGC Fund IV

$1,143.81M

5

12/16/2016

HGGC III

Buyouts & Acquisitions

$1,840M

3

12/16/2016

HGGC III-A

1

3/2/2015

HGGC Fund II LP

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$99M

10

7/15/2009

Huntsman Gay Capital Partners Fund LP

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$99M

10

Closing Date

12/23/2020

12/16/2016

12/16/2016

3/2/2015

7/15/2009

Fund

HGGC Fund IV

HGGC III

HGGC III-A

HGGC Fund II LP

Huntsman Gay Capital Partners Fund LP

Fund Type

Buyouts & Acquisitions

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Status

Amount

$1,143.81M

$1,840M

$99M

$99M

Sources

5

3

1

10

10

HGGC Service Providers

5 Service Providers

HGGC has 5 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - Fin

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

HGGC Team

7 Team Members

HGGC has 7 team members, including current Founder, Chief Executive Officer, Richard Lawson.

Name

Work History

Title

Status

Richard Lawson

Founder, Chief Executive Officer

Current

J. Steven Young

Founder, President

Current

Lance Taylor

Chief Financial Officer

Current

Jacob H Hodgman

Sorenson Capital, and Citibank

Founder

Former

Greg Woodward

Senior Vice President

Former

Name

Richard Lawson

J. Steven Young

Lance Taylor

Jacob H Hodgman

Greg Woodward

Work History

Sorenson Capital, and Citibank

Title

Founder, Chief Executive Officer

Founder, President

Chief Financial Officer

Founder

Senior Vice President

Status

Current

Current

Current

Former

Former

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