The CEO of MergerTech Nitin Khanna uses his business shrewdness to help companies to capitalise on the outcome by finding an economic strategy that enables them to stay ahead of the competition. The experience Nitin acquired while working at Saber Corp helped him start his company that provides M&A advice to his clients. Nitin Khanna is a man of many passions, his love for wines lead him to create his world-class wines such as Oregon Pinot Noir and Four Handle. He also produced the movies “What Lies Upstream” and “Terms and Conditions May Apply” as he is a movie lover. See Nitin’s success story here https://yourstory.com/mystory/48e163e5d2-nitin-khanna-an-nri-who-made-it-big-in-portland-oregon
The idea of creating a business and the dynamics of attaining the economic outcome
Nitin Khanna says that the idea of starting his company came to him when he thought about the revenue that streams from selling a company at a high price just like Saber Corp. as a CEO his typical day involves meeting people and being informed of the daily aspects of his business. He believes in naturing ideas that lead to longterm stability for the industry, and this starts with being planning his day well. He notes that social media is a tool that companies would use to their business outcomes.
Creating value by meeting the needs of consumers
Nitin Khanna believes that there is nothing like work-life balance as success is not attained only at working hours but the integration of all your time. Planning things ahead of time as an entrepreneur helps you to be more productivity. When you can create buzz through word of mouth your business will grow, that involves generating ideas that people will talk about. The main thing is meeting the needs of your clients by listening to them. Nitin says that the book ‘The Theory of Investment Value’ has helped him grow as a businessman. He says that you do not have to count your drawbacks as failures as a businessman, but you should treat them as lessons.
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HGGC specializes in making transactions that can help two or more companies provide clients with improved customer service. An example of this is the sale of Davies Group minority stock to Alberta Investment Management Corporation, which provided AIMCo with new growth and expansion opportunities.
Types of Investments HGGC Typically Makes
Mergers – One example of this is when HGGC orchestrated the merger between Mi9 and MyWebGrocer. Mi9 provides online shopping software, and MyWebGrocer is a digital media and software company. Both corporations joined in an effort to provide strengthened retail operations for brands around the world including Levi’s, Giant Eagle and Abercrombie.
Acquisitions – For instance, HGGC acquired the Nutraceutical International Corporation in 2017. This company was formerly run by CEO and Chairman Frank W. “Bill” Gay II for almost 25 years. Chad J. Clawson took his place after Bill Gay retired. The purpose of this acquisition was to continue growth and expansion in a way that better serves its vitamin, mineral and supplement customers.
Capital investments – Three major investment funds were started that raised more than $4 billion in capital commitments. Primary investors include these three technology companies: MyWebGrocer, Hybris and FPX. These investment funds were raised to continue to provide support to customers who make purchases online and to companies who want to enhance customer service tools.
More About HGGC
This private equity company just celebrated its 10th anniversary in 2018. They make relationships with and transactions with mid-market public and private firms. Their investment range usually is from $25-$125 million in companies with an EBITDA revenue between $15-$57 million. Enterprise value typically sought after usually is between $100-$500 million.
HGGC also usually seeks to hold the majority of company shares when making deals. If not, they typically aim toward acquiring control rights even if the transaction results in minority holdings. Industries of interest typically include technology, health care, industrial and automotive, and business services.