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HGGC Poised for Growth with New Promotions & Hires

Judging by their recent maneuvers, it seems that HGGC is one of the better companies when it comes to appropriately rewarding a job done well by internal talent. Following a strategic investment from Dyal Capital Partners that saw a huge infusion of cash into the company, they promoted ten individuals inside the firm to handle new responsibilities brought on by this sudden growth potential.

Lee Brown will now serve as the Chairman of the Board on the Fund III investment agency formed by HGGC when they bought into Nutraceutical International Corporation. He used to head up the firm’s Fund II investment in Dyanta as well as Serena Software.

Considering the recent interest in organic products and natural cures, HGGC had also once bought into Innovative and MyWebGrocer. John Block, who has been with the equity firm since 2010, managed these now exited investments. He’s received a promotion and will handle the Fund III investment in Mi9 and HelpSystems.

Steven Leistner and Harv Barenz have been with the company since 2009 and 2008 respectively. They will now play a much larger role in the company’s management. Since both of them have a great deal of experience with HGGC, they can be trusted to handle day-to-day operations with the knowledge of insiders.

All told, 10 different people received major promotions from inside. The firm, however, didn’t stop there and has now announced that they’re going to bring five new faces to their team.

Greg Caltabiano, Mo Gulamhusein, Chandni Shah and Holland Reynolds all have very internationally-focused resumes. That makes them uniquely capable to deal with the challenges faced by companies competing in a global economy. As HGGC continues to expand into new industries, this kind of experience will become increasingly important.

On top of this, they’re bringing on Lindsay Sparks who used to serve as an officer with Microsoft. Few companies have the massive reach that the software giant does, which means that Sparks should prove more than able to deal with all of the issues that a modern equity company needs to deal with.

With this new team, it looks like HGGC should continue to grow for the foreseeable future.

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