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Announced

HGGC to acquire Centralis from CBPE Capital.

Synopsis

HGGC, a private equity firm based in Palo Alto, agreed to acquire Centralis, an alternative asset and corporate services provider, from CBPE Capital, a private equity firm that specializes in UK mid-market transactions. Financial terms were not disclosed. "I have every confidence our new partnership with HGGC will support the Centralis team in our growth plans. Together, we will be well-positioned to continue to make significant inroads into the Group's markets, and we are delighted to welcome HGGC as a partner to our business. We are highly appreciative of the excellent support that we have received from our previous investor CBPE, staff, suppliers and clients over the last 5 years," Aidan Foley, Centralis CEO.

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