Explanation of HGGC Investment Purposes

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.

https://www.prnewswire.com/news-releases/rpx-corporation-to-be-acquired-by-hggc-for-10-50-per-share-300639821.html

Anil Chaturvedi Banking Experiences and Skills

Overview

Anil Chaturvedi is a successful qualified banker with over 40 decades in operations. He has worked with numerous international banks where he has gained multiple skills in corporate banking, investment banking, mergers and acquisitions, wealth management, capital markets, and risk management. Throughout his career, he has provided an excellent result which makes him a global skilled banker with vast experiences and skills.

Education Background

Anil Chaturvedi was enrolled at Delhi University in 1971 and graduated with a Bachelor of Arts in Economics in 1973. He furthered his studies at the same university and was awarded an MBA in Finance. These would later equip him with the necessary knowledge regarding economics and finance. He advanced his skills to become a world-class banker.

Work experience

State Bank of India (1987-1991)

The State Bank of India named Anil Chaturvedi as the manager in charge of development and planning. Here, Anil was responsible for the planning and implementation of the market strategy that targeted non-Indian residents across the United States, India, and Asia. After four years, the bank had made $500 million as a result of the success of the marketing strategy under the leadership of Anil Chaturvedi. Due to his unique success, he was presented with the man of the year award by the bank.

ANZ Grindlays Bank, New York (1991-1993)

After Anil had opted out of State Bank of India, he was selected as the vice president and the senior of US operations by ANZ Grindlays Bank, New York. He was tasked with the responsibility of developing leadership skills, formulating the bank’s profitable model, marketing, product development, and regulatory and compliance issues.

Merrill Lynch (1993-2011)

Anil Chaturvedi spent 17 years building Merrill Lynch to become the world’s leading wealth advisory firm. He became a global private banker who covered global Indians across The United States, India, Europe, and Asia. He was nominated as the managing director and led substantial growth during his tenure.

Hinduja Bank (2011- present)

Anil Chaturvedi currently serves as the managing director of Hinduja Bank. His role is to oversee mergers and acquisitions, sales and restructuring among other managerial functions.

https://www.guidestar.org/profile/56-2547771