Stake Purchase • Financial Services

HGGC Invests In Waverly Advisors

On December 1, 2021, private equity firm HGGC invested in financial services company Waverly Advisors

Investment Context
  • This is HGGC’s 2nd transaction in the Financial Services sector.
  • This is HGGC’s 39th transaction in the United States.
  • This is HGGC’s 1st transaction in Alabama.

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Investment Summary

Date December 1, 2021
Target Waverly Advisors
Sector Financial Services
Investor(s) HGGC
Deal Type Stake Purchase

Target Company

Waverly Advisors

Birmingham, Alabama, United States
Waverly Advisors is a fee-only registered investment adviser that serves the investment management and wealth planning needs of a diverse group of clients, including high-net-worth individuals and families, corporate retirement plans, trusts, endowments and institutions. Waverly Advisors was formed in 1999 and is based in Birmingham, Alabama.
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Investor Overview 1

Investor

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC 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 Context for Investor #
Overall 45 of 52
Sector: Financial Services 2 of 3
Type: Stake Purchase 2 of 3
State: Alabama 1 of 1
Country: United States 39 of 43
Year: 2021 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Grand Fitness Partners

Toms River, New Jersey, United States

Grand Fitness Partners is a franchisee within the Planet Fitness system, currently operating locations across Florida, California, New Jersey, Pennsylvania, and Virginia. With a strategy centered on health & wellness, GFP strives to achieve Planet Fitness’ mission to enhance people’s lives by providing quality fitness experience in a welcoming, non-intimidating environment. Grand Fitness Partners was founded in 2010 and is based in Toms River, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Aventri

Norwalk, Connecticut, United States

Aventri is a provider of cloud-based analytics and data-driven end-to-end event management and venue sourcing solutions. Open-source platform delivers innovative technology solutions to streamline the event process, providing real-time data and analytics on event performance, customer engagement, and increasing measurable event ROI. Aventri was formed in 2008 and is based in Norwalk, Connecticut.

Sell -