H&G Capital Partners

Infobox_Company
company_
company_name = H&G Capital Partners
company_type = Private Ownership
foundation = 2007
founder = Jon M. Huntsman, Robert C. Gay, Steve Young
location =
industry = Private Equity
products = Private equity funds, Leveraged buyouts
assets = $1.0 billion
homepage = [http://www.hgequity.com/ www.hgequity.com]

H&G Capital Partners is a private equity investment firm focusing on leveraged buyout transactions and growth capital investments in middle-market companies. The firm invests primarily in the United States.

The firm marks the notable combination of billionaire industrialist Jon M. Huntsman and long-time Bain Capital managing director Robert C. Gay, who gained additional prominence due to his connection to former Bain alumnus and presidential candidate Mitt Romney. [Robert Gay, who worked with Mitt Romney at Bain Capital provided a testimonial ad for Romney's 2008 Presidential Campaign relating to the 1996 disappearance of his daughter. (" [http://www.boston.com/news/politics/politicalintelligence/2007/12/romney_gets_tes.html Romney gets testimonial in new ad] ." The Boston Globe, December 20, 2007)] Among H&G's other notable partners are NFL Hall of Fame quarterback Steve Young and noted attorney Frank Morse

H&G, which was originally named Huntsman Gay Capital Partners, has offices in Salt Lake City, Utah and Palo Alto, California. The firm has raised in excess of $1 billion of investor commitments to date.

In May 2008, CalPERS made a $180 million commitment to H&G's most recent private equity fund. [ [http://www.calpers.ca.gov/eip-docs/about/board-cal-agenda/agendas/invest/200805/supplement-may08/part-d.pdf CalPERS Alternative Investment Management Program] (May 2008)] [ [http://www.privateequityonline.com/Article.aspx?article=14618&hashID=3AC90C75B75AE216142DCA79F8A03539E91B8697 CalPERS commits nearly $1bn to TPG] . Private Equity Online, May 8, 2008]

Trademark Controversy

After changing the name of the firm from Huntsman Gay Capital Partners to H&G Capital Partners, Miami-based private equity firm H.I.G. Capital, in March 2008, sent a letter to H&G Capital demanding that the firm change its name. H.I.G., which also makes private equity investments in middle market companies in the United States, claimed that the similarity of the two names would cause confusion in the market. H.I.G. subsequently sued H&G, hoping to prevent H&G Capital from using the name. [ " [http://216.239.59.104/search?q=cache:QXs9SoCjYa0J:www.buyoutsnews.com/story.asp H.I.G. Battles H&G In Name Dispute] ." Buyouts, April 28, 2008] H.I.G. had been at the receiving end of similar litigations in Europe. In 2007, HgCapital, a European private equity firm had launched a trademark infringement lawsuit against H.I.G. Capital after it intensified its efforts in Europe. [James Mawson and Paul Hodkinson. " [http://www.efinancialnews.com/homepage/content/2450948756 HIG and HgCapital spat over name reaches court] ." Dow Jones Financial News, June 16, 2008 ]

References

External links

* [http://www.hgequity.com H&G Capital Partners] (company website)