Investment Summary

HGGC Invests In Upland

On July 14, 2022, private equity firm HGGC invested in internet software and services company Upland

Investment Highlights
  • This is HGGC’s 9th transaction in the Internet Software and Services sector.
  • This is HGGC’s 39th transaction in the United States.
  • This is HGGC’s 6th transaction in Texas.

Investment Summary

Date 2022-07-14
Target Upland
Sector Internet Software and Services
Investor(s) HGGC
Deal Type Stake Purchase

Target

Upland

Austin, Texas, United States
Upland develops and delivers cloud-based project, portfolio, and work management software applications for enterprises in the United States and internationally. Upland provides seven enterprise cloud solution suites that enable more than one million users at over 9,000 accounts to win and engage customers, automate business operations, manage projects and IT costs, and share knowledge throughout the enterprise. Upland was founded in 2010 and is based in Austin, Texas.

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Investor(S) 1

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 45 of 46
Sector (Internet Software and Services) 9 of 9
Type (Stake Purchase) 3 of 3
State (Texas) 6 of 6
Country (United States) 39 of 40
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Entrata

Lehi, Utah, United States

Entrata provides property management software with a single-login, open-access platform as a service (PaaS) system. Offering a wide variety of online tools including websites, mobile apps, payments, lease signing, accounting, and resident management. Entrata was founded in 2003 and is based in Lehi, Utah.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Dentive

Provo, Utah, United States

Dentive is a partner-focused Dental Support Organization (DSO) that provides expert-level business support to dentists, oral surgeons, and orthodontists in the country. All Dentive doctors have complete clinical autonomy while offloading burdensome business tasks to teams of qualified professionals. This allows Dentive doctors to provide a more exceptional quality of care to every patient that they see. Dentive was formed in 2019 and is based in Provo, Utah.

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