HGGC made final their acquisition of RPX through a public announcement. The company they took under their brand is a provider for patent and risk management services. They have spent billions to purchase more than 23,000 patents since they were founded in 2008. In May 2018, RPX decided to announce they were going to sell their shares to HGGC at $10.50 in cash per share. The transaction in total amounted to more than $555 million.
New HGGC Investment Funding For FPX
The company is well-known for their successful investments. The companies they choose to invest in compete well in the market of e-commerce platforms and other related applications. The private equity firm has invested in notable companies such as MyWebGrocer, Hybris and Selligent.
They believe that FPX is on the brink of something big. They are on the cusp of a great opportunity to fully dominate the CPQ market. With the investment from HGGC, they will be geared and ready to take a top position as leader. This new round of funding for FPX is coming shortly after opening a new headquarters location in Germany. They also recently expanded their presence throughout London. New executives are bringing new insight to the company that has strengthened the international teams. FPX says they are always looking to advance their CPQ solutions for multi-channeled companies while continuing to create efficient operating models that can support customer’s business strategies around the world.
With over $4 billion in capital commitments altogether, the company is a leader in private equity. The firm is based out of Palo Alto, California. Their “Advantaged Investing” business model has made them distinguished in the industry. It has enabled the firm to be able to easily source and then acquire businesses they consider scalable. They can take these companies on at attractive multiples by partnering with founders, management teams and sponsors who are looking to reinvest with them. This business model creates a strong alignment for everyone. The company has completed more than 60 add-on acquisitions, platform investments, liquidity events and recapitalizations that have created a cumulative transaction value of more than $15 billion.