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  6. HGGC and First Eagle Invest In Power Holdings

Investment Summary

HGGC and First Eagle Invest In Power Holdings

On February 1, 2010, private equity firm HGGC and First Eagle invested in construction company Power Holdings

Investment Highlights
  • This is HGGC’s 1st and First Eagle’s 1st transaction in the Construction sector.
  • This is HGGC’s 5th and First Eagle’s 1st transaction in the United States.
  • This is HGGC’s 2nd and First Eagle’s 1st transaction in Louisiana.
Investment Fate
  • Power Holdings was sold to a consortium of buyers in 2012 for 380M USD.
  • Power Holdings merged with another company in 2013.

Investment Summary
Date 2010-02-01
Target Power Holdings
Sector Construction
Investor(s) HGGC
First Eagle
Deal Type Stake Purchase

Target

Power Holdings

Alexandria, Louisiana, United States
Power Holdings (T&D Solutions) is a provider of construction and maintenance services for electric transmission and distribution lines throughout the Southwest, Central South, Midwest, and Eastern United States.

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Investor(S) 2

Investor

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.

DEAL STATS #
Overall 5 of 46
Sector (Construction) 1 of 1
Type (Stake Purchase) 1 of 3
State (Louisiana) 2 of 2
Country (United States) 5 of 40
Year (2010) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-03 Hollander Sleep Products

Boca Raton, Florida, United States

Hollander Sleep Products is a producer of sleep products, including high-quality synthetic and down (natural) filled pillows, comforters, mattress pads and other related bedding products. Hollander Sleep Products was founded in 1953 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-30 iQor

Fort Lauderdale,, Florida, United States

iQor is a provider of business process outsourcing and product support services. iQor partners with many of the world's best-known brands to deliver solutions spanning the consumer value chain, from customer care and receivables management to product diagnostics and repair services. iQor was founded in 2007 and is based in Fort Lauderdale, Florida.

Buy -
Investor

First Eagle

Boston, Massachusetts, United States
Category Company
Sector Financial Services
Revenue 24M USD (2021)
DESCRIPTION

First Eagle is an alternative credit investment manager for both direct lending and tradable credit investments through public and private vehicles, commingled funds including collateralized loan obligations, and separately managed accounts. First Eagle is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 4
Sector (Construction) 1 of 1
Type (Stake Purchase) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 4
Year (2010) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-19 OEM Group

Gilbert, Arizona, United States

OEM Group, Inc. is a provider of capital equipment solutions to worldwide makers of silicon devices, as well as other emerging applications.

Buy -
Mergr

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