Baird invests in HSP Group

Baird Capital has invested in HSP Group, a technology-enabled business services firm focused helping U.S. and European companies expand globally and manage their international operations.

Baird Capital has invested in HSP Group, a technology-enabled business services firm focused helping U.S. and European companies expand globally and manage their international operations. No financial terms were disclosed.

PRESS RELEASE

CHICAGO, Dec. 3, 2020 – Baird Capital announced today that it recently invested in HSP Group, a technology-enabled business services firm focused on helping US and European companies expand globally and manage their international operations.

HSP Group provides headquarters-based finance, tax, legal, and HR personnel with a simplified, turnkey approach to ensure efficient operations, full compliance with local regulations, and needed consistency across each geography.

“We are extremely pleased to help Larry Harding and the founding team at HSP Group launch their operations, and accelerate their expansion and service offerings,” said Benedict Rocchio, Partner with Baird Capital. “We witnessed first-hand the growth of one of our former portfolio companies under Larry’s leadership, and the opportunity to partner again is exciting for our firm.”

Larry Harding, Founder & CEO of HSP Group said, “Baird really knows our market, and our relationship is built on a solid foundation of trust. I couldn’t be happier to be working with them as we focus on making HSP Group the client-preferred provider of global expansion services.”

HSP Group focuses on offering the following technology-enabled services to support the international operations of its clients:
· Global support services, including legal entity management solutions, statutory accounting & international tax compliance, employer of record (EoR) services, global payroll processing, and HR administration.
· Consulting solutions, including specialized services like international tax advice, ad hoc and special project assistance, as-needed HR support, global mobility, VAT optimization, legal entity setup and/or rationalization, and project management (including implementation / onboarding / transformation services).
· M&A transaction services, including International Readiness support, and other solutions helping ensure buy-side success with the more challenging multinational aspects of a carve-out acquisition.

For more information on Baird Capital’s investment approach, team members, or portfolio, visit BairdCapital.com.
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About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 300 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides
operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.com.