HGGC’s new funding round expands investment in FPX and acquires RPX

The top middle market private equity firm, HGGC just announced that it would be increasing its investment in FPX, a top global enterprise Configure Price Quote (CPQ) solutions. This middle market private equity firm acquired FPX in April 2016. The undisclosed investment is meant to help the global CPQ solutions firm to implement its global expansion strategy. In addition to that, this funding is also expected to help FPX accelerate its product development and enhance its strategic partnerships.

A good track record

The global fame that HGGC currently enjoys can easily be attributed to the success of its investments. Some of this firm’s most successful ventures are in the e-commerce market and related fields. These investments which include Selligent, MyWebGrocer and Hybris all sum up to an astonishing amount of more than $15 billion in aggregate transaction values.

A promising future

Making the investment announcement, the Co-Founder and Chief Executive Officer of HGGC, Richard Lawson stated that this was an excellent opportunity for FPX. An opportunity that will enable the enterprise CPQ solutions provider to dominate its market. He went ahead to mention that his firm’s investment will help place the FPX in a prime position in its market. Lawson also said that this enterprise CPQ solutions provider’s vision coupled with its talent and product capability means that the future is very promising for it.

Entering the patent management market

The top global middle market private equity firm, HGGC has also just completed its acquisition of patent risk management services provider, RPX. RPX seems to be an excellent investment choice for this middle market private equity firm as it had invested over $2.5 billion in the purchase of a whopping 23,000 patents. This patent management services provider founded in 2008 was acquired in a $555 million deal.

About HGGC

This top global middle market firm boasts of an unmatched cumulative capital commitment worth over $4.3 billion. The firm is based in Palo Alto, California and has made waves in the business sector which is unique “Advantage Investing” approach. This unique model is what has enabled the company to grow to the global leader it is now.


FPX Receives Second Capital Infusion from HGGC

FPX is a independent SaaS vendor and a leader in global Configure Price Quote enterprise solutions. In April of 2016 they were acquired by middle-market frim HGGC, a private equity firm that focuses on e-commerce companies. After the successful acquisition, HGGC has infused FPX with a second investment of an undisclosed amount to help facilitate their already-underway global expansion efforts.

HGGC uses an “Advantaged Investing” model, where they find companies that are doing well, with a solid business model and good leadership already in place, and invest in their expansion efforts. With FPX already being a facilitator of Business to Business transactions, simplifying and streamlining their clients’ transactional infrastructure in the ever-changing digital marketplace, their acquisition and investment from HGGC makes perfect sense.

As an investing firm, HGGC has conducted over $15 billion in aggregate business transactions, and currently have over $4.3 billion in cumulative capital commitments. These numbers have helped establish their reputation as a global leader in e-commerce investing, a fast growing marketplace in the digital era. Their success stories include companies such as Selligent, MyWebGrocer and Hybris alongside FPX. They are based in Palo Alto, CA and have recently opened offices in Munich, Germany and London, England.

Rich Lawson, the Chief Executive Officer and a co-founder of HGGC, said that their confidence in FPX is very high and that his company was excited to help FPX continue its expansion under its current leadership. FPX Chief Executive Officer Dave Batt says he appreciates the vote of confidence and shares it with his investors.

Together, these companies are situated to continue to expand into the global digital marketplace as leaders of Business to Business transactions, CPQ solutions and e-commerce sales. FPX has formed partnerships with such companies as Microsoft and SAP, further strengthening their standings in the field. FPX has been engaged in a period of substantial growth already, so this undisclosed investment should help them capitalize on their existing momentum and push forward as a global leader. It is possible, according to Lawson, for FPX to dominate the CPQ market with the new investment and the current leadership.


Executive Peter Briger critical in Fortress’s Investment Group relationship with Far East investors

Peter Briger stepped into the doors of Goldman Sachs in 1987, and just over 30 years later, the Forbes-listed Principal and Co-Chairman of the Board of Directors at Fortress Investment Group has become one of the most successful executive figures in the world of alternative asset investment classes.

The firm’s assets under management are spread across four distinct business or financial segments including private equity, undervalued assets, hedge funds, and well known permanent capital vehicles such as transportation, infrastructure, and real estate. Peter Briger would find success at Fortress Investment Group due to his intimate knowledge of certain Asian financial sectors– a key factor in Fortress’s effort to globalize it’s physical and non-physical holdings.

Read this article at bizjournals.com to learn more about Peter Briger.

Becoming part of SoftBank’s vision for expansion due to its extensive financial resources globally, Fortress was recently acquired by the Japanese based conglomerate in 2017 for $3.3 billion. In an effort to further diversify, expand, and drive growth, SoftBank opted to let Fortress operate almost independently- citing continued autonomy of successful leaders as crucial to the acquired firm’s future as a world-wide hub for corporate mergers, and private capital placement.

The Group is the first hedge fund in the United States to launch an IPO, bringing the world of private credit into the public. Becoming the first equity firm to become publicly traded worked wonders for the Group’s notoriety, and business dealings. Peter Briger, Wesley Edens, and Randall Nardone – the firm’s Principal operators – currently help oversee approximately $42.1 billion in assets with over 1000 investment managers turning the wheels of the multi-billion dollar firm.

Both professional and philanthropist, Peter Briger believes in passing on success to future generations in the form of time, money, education, and dedication. He remains an example of what happens when executive leaders become leaders of change able to drive progress in their communities.

Visit: https://www1.salary.com/Peter-L-Briger-Jr-Salary-Bonus-Stock-Options-for-FORTRESS-INVESTMENT-GRP-LLC.html


The World Economic Forum hosts Richard Liu Qiangdong

The World Economic Forum hosts Richard Liu Qiangdong

In January this year, the World Economic Forum hosted Richard Liu Qiangdong in the event which united entrepreneurial titans from across the world.

During the event organized at Davos, Switzerland, Richard Liu Qiangdong opened up on how he started and advanced Jingdong to prominent e-commerce in China.

How did he start Jingdong? Richard Liu Qiangdong established Jingdong in 1998, after completing his undergraduate degree in sociology. His primary mission was to raise funds for his grandmother’s health bills.

Within five years, the renowned entrepreneur succeeded to develop Jingdong to a medium-sized supplier of computer parts. It had a dozen stores located in different strategic locations around Beijing.

In 2004, Richard Liu Qiangdong decided to convert his shop from a physical Beijing-based shop to a prominent online shop that would serve the entire Chines market. He launched JD.com, an e-commerce platform.

Different from the brick and mortar computer stores, JD.com supplied an array of consumer goods ranging from fresh vegetables to home furnishings. It was amongst the few Chinese stores using the e-commerce business model.

Since online shopping was a little bit new in China, Richard Liu Qiangdong employed several tactics to win the loyalty of customers who were accustomed to the brick and mortar shopping. One such strategy was rigorous marketing through social media sites such as WeChat.

His store supplied almost everything that was offered at the physical stores. The store obtained its products from legitimate suppliers. To win the confidence and trust of consumers, Richard Liu adopted a zero tolerance policy toward counterfeit products.

Besides selling quality goods, Richard Liu Qiangdong invested in efficient logistic services, a scheme that eliminated the inconveniences associated with delayed delivery of customers’ merchandise. JD.co was among the first retailers to implement same-day services to customers within mainland China.

The two schemes helped Richard Liu Qiangdong to build JD.com from a small start-up to leading e-commerce in less than two decades. Today, Jingdong is one of the most popular online stores in China, Indonesia, Thailand, and other parts of Asia.

In the World Economic Forum, Mr. Liu Qiangdong said that his store has started setting its foot into the global market.

Stream Energy On Its Community – Focused Efforts

Business exists to make money, but Stream Energy has proved that this is not the only locus it has. Besides being one the largest service provider in the United States, Stream Energy is committed to their social responsibility function in cognition to the non-monetarized value you obtain. How so, eventually these stunts get to increase the clienteles and hence the business operations.

First forward, stream energy does no segregate who it can work with and who it cannot. It offers open opportunities for all using the Multi-Level Marketing model where you can join in any capacity as an investor or as their independent associates. One gets attractive compensation and rewards for signing in new customers and for selling its line services and products. Besides, they value their associates and provides support and necessary resources in ensuring they work seamlessly.

Back in 2016, the company launched its Philanthropy arm and established Stream Cares. Through this patch, it has been able to get actively engaged in community projects. It recently built homes for the Hurricane Harvey victims in Dallas in conjunction with Hope Supply Co. It has also supported environmental conservation and management programs in the United States of America.

This patch recently launched Women of Power Program that ideally focuses on issues of women. It is tasked with the responsibility to grow them in all aspects of life, encourage their leadership, mentor their businesses. It occasionally organizes a Women of Power Retreat where they invite speakers to motivate, encourage and challenge them to become better citizens. The company has worked with the Armed Forces Giving Program (SAF), Operation Once in a Lifetime, Texas Tornado Benefit, Habitat for Humanity among other foundations and projects.

About Stream Energy

Stream Energy is a Dallas based oil and gas company that offers energy services protective and home services that improve safety and security at home and offer identity monitoring features. This is interconnected with your smartphone to keep track of any event. it also offers wireless services such as Wi-Fi, data, hotspots, unlimited talk, communication gadgets and their accessories. These services are offered in Washington D.C, New Jersey, Ohio, Texas and New York. Stream Energy is a leading energy provider.


How GreenSky Makes Lending a Snap

You want to get a home improvement loan for your kitchen. However, you are worried about the time it will take to go through the application process. You talk to the contractor who tells you that he can get you a loan decision in minutes. All he needs is your driver’s license. A minute or so later, wham! You are approved for a $15,000 loan and your new kitchen is on its way. What kind of wizardry is this?! Simple, this loan was facilitated by an innovative lending company called GreenSky . And the company has loaned billions of dollars in the last decade.

In a Wikipedia search, you can discover that GreenSky  was founded in 2006 as a breakthrough Fintech company that allows expedited loan decisions for home improvement, healthcare expenses, solar projects and other purpose. The company was co-ounded by David Zalik who serves as the current CEO. Mr. Zalik is known as an innovative entrepreneur who was recently awarded the National EY Entrepreneur of the Year Award in Financial Services.

What makes GreenSky  so different? The company is essentially supplanting credit cards as a way to fund large projects for individuals. With a streamlined approval process, people no longer have to wait days or weeks for a loan decision. And the entire process is executed on GreenSky ‘s online platform that allows both the merchant and the individual to easily manage the loan.

According to a recent Forbes article over 17,000 contractors use the lending platform to help their future customers secure loans for their home improvement project. And GreenSky  helps secures these loans through 14 partners that include major banks like SunTrust, FifthThird and Regions. GreenSky acts as a middleman that connects the merchant, the borrower and the bank.

For over a decade, GreenSky  has innovated the way merchants secure big ticket sales by offering a fast lending solutions to their potential customers. As the company continues to loan out billions of dollars per year, GreekSky Credit will continue to innovate the way loans are created and processed in the everyday world.


Stream Energy

Children are the innocent ones. They don’t know what causes homelessness. They don’t understand the meaning of downsizing or layoffs. Divorce is a foreign concept in their limited view of their small worlds. Children only know joy or pain, happy or sad, not cause and effect. They don’t get pink slips and eviction notices. They don’t compute mortgage rates and automobile interest loans. Their only concerns are fluffy the dog, favorite foods like pizza and peanut butter, and the little doll that gets them to sleep. Their best friend is a puppy or mom or dad. They get love and protection, and when their worlds are shattered, the shock is evidenced in their faces but lost on their minds. Stream Energy cares.

There is nothing in this world sadder than the face of a traumatized child. When a child loses their home, their sense of the world around them changes, and they are forced to grasp ideas and realities that their young minds were not yet meant to comprehend. The scars of devastation can stay with them throughout their lives well into adulthood. Homelessness has a psychological effect on children that often go untreated because families are severely cash-strapped. The parental focus is on housing while their own mental health goes unchecked. Homelessness is a terrible break to the family structure. It is one of the most difficult situations to have overcome. The Stream Energy foundation: Stream Cares, is a philanthropic organization that works in the Dallas community to assist families with recovery efforts from homelessness. Stream Energy partners with other organizations to bring smiles back to the faces of homeless children.

A day in a water park may not seem like much to someone who has lost their home, but Stream Energy knows how vital it is to restore children back to the natural state of being. Children smile and play; laugh and have fun; that is their natural way. The efforts of companies to help in the fight against homelessness is much appreciated, especially by those whose days were made brighter for just a moment.



Southridge Capital: Providing Innovative Financial Solutions

Southridge Capital has in the recent past been looking for ways to expand its operations and improve its services. The company’s Chairman and CEO, Stephen Hicks, recently announced a new deal with a Dallas based Technology Company known as Elite Data Services. The equity purchase agreement between Elite Data Services, Inc. and Southridge Partners II LP was worth $5 million. Southridge Capital needed a reliable technology company that would market its assets and at the same time implement its software applications. In this case, Elite Data Services, Inc. was the perfect choice because of its advanced proprietary technologies.


Elite Data Services has the capacity to help its partners generate more revenues through its advanced set of marketing and advertising technologies. Businesses from different sectors such as gaming, hospitality, and automotive have been using technology solutions from Elite Data Services. Therefore, EDS has over the years positioned itself as one of the leading companies when it comes to software development and content production. In fact, Southridge Capital decided to invest in the company because of its ability to provide innovative technology solutions for its clients. You can visit citybizlist



About Southridge Capital

Southridge Capital is a financial solutions company that was founded in 1996 by Stephen Hicks. His vast experience in the finance and investment industry means that Hicks can handle investment banking, risk arbitrage, derivatives, and financial structuring. In an interview by ideamensch.com, Hicks revealed that he started the company as a hedge fund. As the company’s CEO, Hicks is in charge of business development and execution. Southridge has been in operation for over twenty years providing financial solutions to many companies. Hicks revealed that he spends most of his day tracking the company’s existing investment portfolio as well as searching for new opportunities.


Southridge capital uses its search criteria to look for companies that require its services and assistance. Also, Hicks revealed in the interview by ideamensch.com that he is currently excited by pot and cryptocurrency. He argues that in any confrontation with government, one should not expect government to be above cheating ad unfair games. Finally, Hicks recommends OTC markets, quotestresm, and Wall Street Journal online as important sources of information for people in the finance and investment industry. You can visit their website southridge.com


Click here: https://ideamensch.com/stephen-hicks/




The Unpredictable Robert Deignan

Robert Deignan is a graduate of the University of Purdue and is a holder of a degree in Organizational Leadership which he managed to achieve on a full football scholarship. His first business venture was Fanlink, Inc. which he was a co-founder and had as well worked with the Miami Dolphins and NY Jets before that. After Fanlink, he served at iS3 Inc. as executive vice president who is a company that deals with software. Currently, he is the Co-Founder and Chief Executive Officer of ATS Digital services which is a company that majors in offering digital support to clients globally. Being a digital era, people and companies experience technical issues which they expect to have the best people in place to solve. In that case, ATS Digital Services offers their clients assurance that whenever they have connectivity problems or fundamental issues, the company will deliver to their expectations and satisfaction. Robert Deignan got the idea of putting up his current company from a previous company where he worked and saw that opportunity. After the challenges he and his partners faced in the company regarding dealing with malware and making customers trust in their strategy, they decided to put up their own company to help solve various technological issues.

Robert Deignan on his part appreciates the customers at ATS and therefore makes sure they are treated well and are given a reason to come back more than once. With the increase in technology, the demand for related services has risen over the years, and Robert Deignan is keen to keep up with the current trends. In that case, his clients get offered services that are up to date considering that technology has become a part of the society more than anything else. He has advice for business people, and he discourages involving family and friends which he terms to be risky. He is as well clear on having people trust their instinct when making a business decision no matter how big or small it may seem. Either way, discipline, and courage should be involved because wavering could be damaging due to a waste of significant time. At some point though, it should not be all about work as one should find time for themselves to spend with friends and family. For Robert Deignan, he loves boat riding and fishing, and he has even won the 79th Silver Sailfish Contest.


Louis Chenevert and His Inspiring Story

Canadian businessman Louis Chenevert was born in 1958 in Montreal, Quebec. He gained an interest in business and entrepreneurship as a child, and knew at a young age that dedication and hard work would offer him the prosperous lifestyle he wanted. Following his love of business, he attended HEC Montreal Business School at the University of Montreal obtaining his degree in production management where he learned how to ensure quality production, correct quantities, and minimum cost giving businesses the greatest profit possible. Upon graduation from university, Chenevert began working at General Motors in St. Therese, Quebec where he was made manager over the General Motors assembly line in Montreal.  

After his time at General Motors, where he stayed for 14 years, Chenevert was ready for a career transition. He recently gave an interview about his transition and how it excelled him to his start in business leadership. Chenervert says that with a great deal of support, he transitioned to a new phase in life and joined Pratt and Whitney (P&W) Company in 1993. While there, Chenevert cut manufacturing costs by 10% in only a year. He used his experience from assembly lines to speed up the process of engine building saving the company money production and labor. After only three years, Chenervert became president of P&W. With his leadership and eye for growing businesses, he took a struggling company and made it once again profitable. He reached his financial goals for the company and turned executive heads at P&W’s parent company, UTC.

Louis continued to make improvements on labor, cutting costs, increasing the number of engines he produced, and growing the number of engines offered. His business savvy mind and the growth of the business made him a prime candidate for chairman of the corporation at the head office at UTC in 2006. In 2008, he was named the CEO and President of UTC where his knowledge and skill took the company to new heights. After retiring in 2014, Chenevert spends his time learning new hobbies and cultivating his interests. Though he loved being a businessman, retirement suits him well.