SAN FRANCISCO, November 23, 2021– (BUSINESS WIRE) – HIG Capital (“HIG”), one of the world’s leading alternative investment firms with over $ 45 billion in equity under management, is pleased to announce that a subsidiary has made a significant strategic growth investment in 3Pillar Global (“3Pillar” or the “Company”), a global developer of advanced digital products. With over 2,000 team members working in 13 delivery centers across 4 continents, 3Pillar is a recognized global leader in the digital transformation industry.
“At 3Pillar, our industry-leading teams, our passion for digital innovation and our unique customer-centric go-to-market strategy have driven tremendous growth for over 15 years,” said David DeWolf, Founder and CEO by 3Pillar. “This strategic growth investment from HIG Capital will allow us to pursue our goals of attracting and developing top engineering talent and accelerating our ability to become the leading product development specialists in the market.
“Our strategic investment reflects our confidence in 3Pillar’s exceptional capabilities and strong momentum in the multi-billion dollar digital transformation industry,” said Matthew Robinson, Managing Director of HIG Capital. “3Pillar’s unique culture attracts the best engineers from around the world and the focus on customer satisfaction was a determining factor in our investment decision. We are delighted to support David and his team as they continue to grow rapidly. “
William Blair & Company was the exclusive financial advisor to HIG Capital. Guggenheim Securities LLC was the exclusive financial advisor to 3Pillar Global; Kirkland & Ellis LLP acted as legal counsel to HIG on this transaction while Willkie Farr & Gallagher LLP represented the company.
For more information on 3Pillar Global and their job creation software products for digitally transforming companies, visit www.3pillarglobal.com.
About 3Pillar Global
3Pillar Global creates revolutionary software products that power digital businesses. 3Pillar is an innovative product development partner whose solutions rapidly generate revenue, market share and customer growth for industry leaders such as CARFAX, Fortune and PBS. Leveraging a lean and agile approach, 3Pillar delivers value-generating digital solutions with specialized product strategy and management, user experience design, as well as software and data engineering expertise in technologies. mobile, cloud and disruptive. Visit www.3pillarglobal.com for more information and career opportunities. To learn more about the Product Mindset, visit www.productmindset.com and pick up a copy of The Product Mindset: Succeeding in the Digital Economy by Changing the Way Your Organization think, ”by 3Pillar CEO David DeWolf and Jessica Hall.
About HIG Capital
HIG is a leading global alternative asset investment firm with over $ 45 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in the provision of debt and equity capital specific to small and medium-sized enterprises, using an added -approach. Since its inception in 1993, HIG has invested and managed more than 300 companies around the world. The company’s current portfolio includes more than 100 companies with combined sales of over $ 30 billion. For more information, please visit HIG’s website at www.higcapital.com.
* Based on total capital commitments managed by HIG Capital and its subsidiaries.
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