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.
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.