Dyal Capital Partners’ Investment In HGGC


Dyal Capital Partners (“Dyal”), a division of Neuberger Berman, acquired a passive non-voting minority stake in the firm. Terms of the transaction were not disclosed.

Since its founding in 2007, HGGC has completed more than 120 transactions representing nearly $20 billion and oversees portfolio companies that employ more than 62,000 people globally.

Dyal Capital Partners is a private equity and a venture capital firm specializing direct and fund of fund investments. Within direct it specializes in making investments in private equity firms and hedge fund managers investing in growth equity.

Evercore served as financial advisor and Kirkland & Ellis served as legal counsel to HGGC in this transaction.

The Kirkland team was led by investment funds partner Daniel Lavon-Krein (Picture) and transactional partner Michael Reeves, and included investment funds partners Justin Solomon and Steve Yoo and associates Chris Urruela Stauss, Michael Lee and Ike Ikeme; debt finance partners Jocelyn Hirsch and Aditi Iyer and associate Thomas Koester; tax partners Don Rocap and Dan Meehan and associate Miles Johnson; employee benefits partners Elizabeth Dyer and Melissa Grim and associate Erica Rozow; and international trade and national security associate Luci Hague.

Involved fees earner: Elizabeth Dyer – Kirkland & Ellis; Melissa Grim – Kirkland & Ellis; Luci Hague – Kirkland & Ellis; Jocelyn Hirsch – Kirkland & Ellis; Ike Ikeme – Kirkland & Ellis; Aditi Iyer – Kirkland & Ellis; Miles Johnson – Kirkland & Ellis; Thomas Koester – Kirkland & Ellis; Daniel Lavon-Krein – Kirkland & Ellis; Michael Lee – Kirkland & Ellis; Daniel Meehan – Kirkland & Ellis; Michael Reeves – Kirkland & Ellis; Donald Rocap – Kirkland & Ellis; Erica Rozow – Kirkland & Ellis; Justin Solomon – Kirkland & Ellis; Chris Urruela Stauss – Kirkland & Ellis; Steve Yoo – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: HGGC, LLC;

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Author: Ambrogio Visconti