HIG Growth Partners sells CarltonOne to Goldman Sachs Asset Management
HIG Growth Partners sells CarltonOne to Goldman Sachs Asset Management
Private Equity Insights
HIG Growth Partners, the dedicated growth capital investment affiliate of HIG Capital, has sold portfolio company CarltonOne Engagement, a SaaS engagement and e-commerce platform, to Goldman Sachs Asset Management.
Headquartered in Markham, Ontario, CarltonOne creates B2B employee recognition, customer loyalty, rewards and sales/channel incentive programmes.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Since first investing in the business in 2017, HIG has overseen the scaling of operational infrastructure, product launches and entering new markets through “tuck-in” acquisition and via the expansion and growth of the financial services category.
According to a press statement, during HIG’s investment, the company grew its revenues approximately 4x and increased its EBITDA over 6x.
Baird, Canaccord Genuity and Paul Hastings advised CarltonOne.
Singapore-based investment firm Temasek Holdings (TEM.UL) will invest up to A$300 million ($198.4…
Construction engineering group Ackermans & Van Haaren (AvH) has partnered with STAR Capital to…
U.S. investment fund Carlyle Group is studying around 300 Japanese businesses as part of its…
The full article is available here. This article was published at Private Equity Insights.
Comments are closed for this article!