Goldman Sachs Alternatives Acquires Majority Stake in Trackunit

Hg Acquires Trackunit from Goldman Sachs and GRO Capital

March 24, 2021

Cloud & SaaS

Hg has agreed to acquire a controlling interest in Trackunit from Goldman Sachs Asset Management and GRO Capital. Trackunit is a SaaS-based telematics and IoT provider for the construction and off‑highway equipment market; Hg's investment is intended to accelerate the company's international expansion and product development. Terms were not disclosed and the transaction is subject to customary regulatory approvals.

GRO Capital Reinvests in Trackunit; Minority Stake with Board Representation

June 4, 2021

Cloud & SaaS

GRO Capital announced a reinvestment in Trackunit through a newly established continuation vehicle, taking a minority position and securing board representation. The reinvestment is made alongside existing investor Hg, backing Trackunit’s continued growth as a SaaS-based telematics and machine-insights provider for the construction equipment market.

GTreasury Acquires Hedge Trackers

January 18, 2022

Cloud & SaaS

GTreasury, a treasury and risk management SaaS provider, has acquired Hedge Trackers, a San Jose–based hedge accounting software and consulting firm. The deal brings Hedge Trackers’ Capella hedge accounting software and consulting expertise into GTreasury’s treasury and risk management platform to expand its SaaS capabilities for CFOs and treasury teams.

Goldman Sachs Alternatives Acquires Majority Stake in TAIT from Providence Equity Partners

July 9, 2024

Media & Entertainment

The Private Equity business at Goldman Sachs Alternatives will acquire a majority stake in TAIT from affiliates of Providence Equity Partners and other existing investors. TAIT's management will remain significant shareholders as Goldman Sachs looks to broaden the company's technology offerings and expand its global footprint in live and location-based experiences.

Goldman Sachs Alternatives Takes Majority Stake in Crystal Group

May 6, 2024

Wealth Management

The Private Equity business at Goldman Sachs Alternatives has agreed to become the majority shareholder in French wealth manager Crystal, alongside Crystal's management team led by Bruno Narchal and Jean-Maximilien Vancayezeele; Seven2 will remain a c.25% shareholder. Crystal, founded in 1992, manages around €22 billion AUM (pro forma for recent acquisitions) and said the investment will support growth in France and internationally, including significant investments in digital and AI. The transaction is subject to regulatory and antitrust approvals.

Hg Acquires Majority Stake in GTreasury

May 18, 2023

Cloud & SaaS

Hg has made a majority investment in GTreasury, the Chicago-based treasury, payments, and risk management SaaS provider. GTreasury's management team and former majority owner Mainsail Partners will remain investors; Hg's capital and software operating expertise will support product development and geographic expansion. Terms were not disclosed.