Holland & Hart represented Bow River Capital's Software Growth Equity Team (SGE) in the strategic recapitalization of HRSoft, a global leader in cloud-based compensation management, through a majority investment transaction by Gryphon Investors. Bow River Capital's SGE Team retained a minority stake in HRSoft, which serves hundreds of the world's largest companies. Terms of the transaction were not disclosed.
Bow River Capital's SGE team acquired a majority stake in HRSoft in the third quarter of 2022. Over the three-year holding period, SGE helped build and scale HRSoft into a dominant global compensation management market leader, growing the company by ~350% through the hiring of key business leaders, delivering new AI and industry verticalized product innovations to market, and securing numerous new customers. This transaction represents the first major liquidity event in the 2023 Vintage SGE Fund II.
For more information, please see Bow River Capital's press release.
Holland & Hart’s transactional team was led by corporate partners James Crowe, Paige Coriden, and Chris Balch, with additional assistance from Benjamin Gibbons, Peter Perla, Richard Robinson, Lindsay Silber, Rich Spilde, Cory Talbot, Mark Wiletsky, Alex Kimata, Conrad Kranz, Evan Mahon, April Medley, Matthew Montoya, and Devon Stoeber.
Holland & Hart’s Corporate attorneys provide comprehensive strategic guidance on mergers and acquisitions, corporate formation, and complex transactions that position clients in a diverse range of industries, including software and technology, for lasting success.