Recently, HGGC announced that it would be taking the lead on IDERA’s $1.125 billion recapitalization. According to the firm’s management, they have signed a definitive agreement that will kickstart the recapitalization of IDERA. The top middle market private equity firm, HGGC announced that it would be working closely with TA Associates who have been the owners of IDERA since 2014. Also, IDERA’s management will play a crucial role in this recapitalization move according to the private equity firm. IDERA is a leading database lifecycle and management solutions, provider. Besides, they also have a strong foothold in the applications development tools sector.
The great benefits
HGGC stands to gain a lot once the deal is completed as it will be IDERA’s controlling investor. Being a controlling investor means that this middle market equity firm will have a lot of say in the IDERA’s decision making. The management and TA Associate will also have significant stake ownership at the database management solutions company. IDERA’s pending add-on acquisition that is expected to close in the coming months is also part of the deal. Some of the funding in this recapitalization deal will go towards completing the add-on acquisition.
This company is based in Houston, Texas and its main business is the development of software that facilitates the designing, monitoring, and management of data systems by database professionals. This company also provides application development tools that facilitate the building, testing, and deployment of a wide range of applications. These application development tools are famous for being fast and efficient.
This firm is a popular middle market private equity firm famous for its successful ‘Advantage Investment’ approach. Currently, this firm has over $4.3 billion worth of capital under its watch. Additionally, this firm manages over 60 platform investments, recapitalizations, add-on acquisitions, and liquidity investments — all of this translate to over $13 billion in value. Under its famous ‘Advantage Investment’ approach, all the facets of the firm including founders, management, and sponsors work hand in hand to ensure its prosperity. This middle market private equity firm is located in Palo Alto, California.