HGGC: History and Co-founders

Before becoming the Huntsman Gay Global Capital as it is known today, HGGC was in the past registered as Huntsman Gay Global Partners. It is a private business venture whose model of handling investments is designed to give it advantage in the finances and acquisition business environment as well as be able to successfully tap into the wealth of opportunities that businesses in the mid-market present.

The three co-founders who started this company back in 2007 had the vision to start up a company that would be open to investments across all sectors, either public or private. HGGC is now located in Palo Alto in California, under the leadership of Steven Young, the MD, Richard Lawson the CEO and Robert Gay the Executive Director.

The firm has risen over the years to be able to invest in business, financial capital ranging from $25 to $125M.

Although having enjoyed much success in acquisitions and mergers, liquidations and reinvestments, HGGC has seen its share of problems with the law and has faced several lawsuits.

In 2015, they sold a company called Citadel Plastics Inc to A. Schulmac Inc., at the cost of $800M. The latter accused Citadel of selling products that did not meet Underwriters Specifications. Schulman Inc. sued for over $250 million in damages, but HGGC denied these allegations and stated that their relationship with Citadel was strictly financial and not operational.

Other allegations too have been reported that seem to all stem up from Citadel. Citadel bought a company called Lucent Polymers before being sold to Schulman by HGGC. The FBI reportedly issued subpoenas to investigate the allegations.

Despite such kinds of setbacks, this company continues to rise and has continued to expand its horizons into the international business environment. When interviewed, employees say that one of the major pros of working at HGGC is their definition of what constitutes the firm and that is its people. At all levels of the workforce, the entire staff of at this company strive to make it a happy working environment. This company is known to make different acquisitions in various business-related industries.

https://www.nytimes.com/2015/03/05/business/dealbook/private-equity-firm-hggc-raises-1-3-billion-for-new-fund.html