HGGC, General Atlantic merge portfolio companies to fight Amazon effect


HGGC, General Atlantic, private equity, merger, M&A, Amazon.com, retailing
An employee of Amazon walks through a turnstile gate inside an Amazon Fulfillment Center (BLR7) on the outskirts of Bengaluru, India, Sept. 18, 2018. Courtesy of REUTERS/Abhishek N. Chinnappa
In a bid to help retailers combat the Amazon effect, HGGC is merging its portfolio company, MyWebGrocer, with Mi9 Retail, which is backed by General Atlantic. The combined company will be called Mi9. Terms weren’t disclosed. Shareholders includes HGGC, General ...

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