Middle market private equity investment firm HGGC is highly respected in its industry due to the ability the firm consistently demonstrates in regard to forging valuable partnerships that constitute a mutual benefit for both parties. The company is noteworthy for its highly dedicated and experienced team that is composed of leading investment industry professionals who work hard to ensure an environment where the best practices within the private equity field are strictly adhered to. The company has recently been busy in regard to a leading patent risk firm called RPX Corporation which HGGC acquired in 2018. There have been several big developments regarding this acquisition.
In regard to the HGGC acquisition of RPX Corporation, the German Federal Cartel Office has recently issued clearance to the affiliate company Riptide Purchaser, Inc. This is in regard to Riptide’s tender offer that has been recently announced and comes after the announcement that early termination in regard to the waiting period had been granted by the U.S. Federal Trade Commission as it applies to the HGGC acquisition of RPX Corporation. This major transaction does continue to remain subject to a tender condition of a minimum nature as well as being subject to closing conditions that have been described as of May of 2018.
Riptide Purchaser, Inc. is an affiliate company of HGGC and has completed a successful tender offer in regard to acquiring the entirety of the shares that are outstanding in common stock for the RPX Corporation. The purchase price for these shares was set at $10.50 per share and the transaction was undertaken as a cash payment. RPX Corporation is a company that is highly valued by HGGC due to the fact that it has become one of the industry leading companies in the areas of discovery solutions and risk related to patents. The company was founded in 2008 and has succeeded in consistently growing its business model since that time. A large portion of this success is due to the fact that the firm has been able to acquire in excess of 26 thousand patent assets of both United States and international origin.