HelpSystems Has A New Number One Investor
March 12, 2018 Alex Woodie
A controlling stake in HelpSystems is set to be sold to HGGC, a Silicon Valley private equity firm with $4.3 billion in assets. The deal, which is scheduled to be completed by the end of the month, was presented as a recapitalization of HelpSystems and a ratification of its on-going strategy to grow the business through acquisitions and organic growth.
The deal will keep current owners of HelpSystems – including H.I.G. Capital, Split Rock Partners, the software company’s management team, and employees of HelpSystems – on board as owners under the company’s new shareholder structure. HGGC‘s piece …Read more