Investment Summary

HGGC Invests In Waverly Advisors

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

Investment Highlights
  • This is HGGC’s 2nd transaction in the Financial Services sector.
  • This is HGGC’s 37th transaction in the United States.
  • This is HGGC’s 1st transaction in Alabama.

Investment Summary
Date 2021-12-01
Target Waverly Advisors
Sector Financial Services
Investor(s) HGGC
Deal Type Stake Purchase

Target

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(S) 1

Investor

HGGC

Palo Alto, California, United States

Investor 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 43 of 46
Sector (Financial Services) 2 of 2
Type (Stake Purchase) 2 of 3
State (Alabama) 1 of 1
Country (United States) 37 of 40
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Grand Fitness Partners

Toms River, New Jersey, United States

Grand Fitness Partners (GFP) is a leading 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 a high-quality fitness experience in a welcoming, non-intimidating environment. Grand Fitness Partners 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.

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