Investment Summary

Sageview Capital and HGGC Invest In Aceable

On December 4, 2018, growth capital firm Sageview Capital and private equity firm HGGC invested in education company Aceable

Investment Highlights
  • This is Sageview Capital’s 1st and HGGC’s 1st transaction in the Education sector.
  • This is Sageview Capital’s 25th and HGGC’s 28th transaction in the United States.
  • This is Sageview Capital’s 6th and HGGC’s 4th transaction in Texas.

Investment Summary

Date 2018-12-04
Target Aceable
Sector Education
Investor(s) Sageview Capital
HGGC
Deal Type Venture

Target

Aceable

Austin, Texas, United States
Aceable is a provider of mobile and online certification and continuing education coursework solutions. Aceable’s core products address the driver’s education and defensive driving markets for both novice and experienced drivers across the U.S. Aceable was established in 2012 and is based in Austin, Texas.

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Investor(S) 2

Investor

Sageview Capital

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2005
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sageview Capital is a private investment firm focused on minority investments in financial services, technology, and business services companies. Sageview looks to invest $20 to $100 million per transaction to support growth, provide acquisition financing, or fund shareholder liquidity needs. Target companies typically possess proven business models, strong management, opportunities for growth, and defensible market positions. Sageview Capital was formed in 2005 and has offices in Palo Alto, California and Greenwich, Connecticut.


DEAL STATS #
Overall 32 of 48
Sector (Education) 1 of 1
Type (Venture) 4 of 15
State (Texas) 6 of 9
Country (United States) 25 of 39
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Crimson Hexagon

Boston, Massachusetts, United States

Crimson Hexagon, Inc. is a provider of social data analysis to inform strategic enterprise decision-making, Powered by patented technology and an in-house data library of more than 850 billion posts, Crimson Hexagon’s platform helps hundreds of brands and agencies answer critical business questions through the insights derived from social data.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Pantheon Systems

San Francisco, California, United States

Pantheon Systems is a provider of website operations platform that enables web developers and marketers to embrace an agile build-test-learn approach to website development that helps them innovate faster and drive business results. Pantheon Systems was established in 2010 and is based in San Francisco, California.

Buy -
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 32 of 46
Sector (Education) 1 of 1
Type (Venture) 1 of 1
State (Texas) 4 of 6
Country (United States) 28 of 40
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 MyWebGrocer

Colchester, Vermont, United States

MyWebGrocer, Inc. is a software-as-a-service company providing online commerce, communications and digital media services to grocery store chains and consumer packaged goods companies. MyWebGrocer, Inc. was founded in 1999 and is based in Colchester, Vermont.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Rimkus Consulting Group

Houston, Texas, United States

Rimkus Consulting Group is a forensic engineering firm providing engineering consulting services to insurance carriers, law firms, and self-insured corporations. Services range from technical analyses of complex insurance claims to a number of highly specialized offerings, including toxicology, biomechanics, and human factors. Rimkus Consulting Group was founded in 1983 and is based in Houston, Texas.

Buy -