HighQ raises $50 mln

HighQ said Wednesday that it completed a $50 million growth equity investment from One Peak Partners, Morgan Stanley Merchant Banking and Goldman Sachs Private Capital. London-based HighQ provides enterprise collaboration and content management solutions to law firms, financial services companies, governments and corporations.

PRESS RELEASE

London, 27th January 2016 — HighQ, a leader in Software as a Service collaboration and content management solutions for the enterprise, today announced the completion of a $50 million growth equity investment from One Peak Partners, Morgan Stanley Merchant Banking and Goldman Sachs Private Capital. The investment will help HighQ expand its international footprint and support its product development initiatives, enabling it to further accelerate its growth trajectory.

 

 

HighQ’s market-leading, highly secure enterprise cloud solutions transform the way its customers securely share information, manage projects, capture knowledge, engage with clients and optimise business processes. HighQ’s team includes more than 180 employees globally with established operations in London, New York, Frankfurt, Amsterdam, Sydney and Ahmedabad.

 

“This is a significant milestone in HighQ’s history and the beginning of an exciting new era for the company”, commented Ajay Patel, CEO and Co-Founder of HighQ. “The application of innovative technology to transform the way businesses operate combined with exceptional service is at the heart of our mission and what we do best. We are delighted to partner up with three world class investors, whose depth of experience in providing strategic and operational guidance will add immeasurable value to our growth efforts.”

 

“At One Peak, we seek to partner with exceptional management teams of successful, rapidly growing and innovative technology companies”, said Humbert de Liedekerke and David Klein, Co-Founders and Managing Partners of One Peak. “We have been very impressed with the achievements and growth of HighQ to date. Our investment will help the company further consolidate its leadership position in the legal sector and accelerate its expansion into financial services and other verticals. We look forward to building on the considerable success already achieved by the management team, and to supporting HighQ in its next phase of growth.”

 

“Morgan Stanley Expansion Capital is very excited to partner with HighQ”, said Robert Bassman, Executive Director, Morgan Stanley Expansion Capital. “HighQ’s products provide their enterprise customers an impressive blend of powerful collaboration with an intuitive user interface. We are excited to be a part of HighQ’s future growth as it expands its sales and service capabilities in North America.”

 

“Goldman Sachs Private Capital is delighted to be part of HighQ’s first investment round. We have been impressed by the company’s focus on meeting the most stringent requirements of the world’s leading law firms and financial institutions, as well as its reputation for outstanding customer service”, said Christian Resch, Executive Director, Goldman Sachs Private Capital.

 

 

About HighQ

 

HighQ provides innovative enterprise collaboration and content management solutions to the world’s leading law firms, financial services companies, governments and corporations. The company’s blue chip client base includes over 40% of the global top 100 law firms and some of the largest global financial institutions. HighQ combines secure, enterprise-grade technology with an amazing user experience to transform the way businesses collaborate, communicate and share information securely in the cloud. Founded in 2001, HighQ is headquartered in London, with offices in New York, Amsterdam, Frankfurt, Sydney and Ahmedabad.

 

About One Peak Partners

 

One Peak is a specialist private equity firm investing in growth stage technology and tech-enabled companies. We provide growth capital to exceptional entrepreneurs, with a view to transform innovative and rapidly growing businesses into lasting, category-defining industry leaders.

 

About Morgan Stanley Expansion Capital

 

Morgan Stanley Expansion Capital is a private equity platform targeting later-stage investments in technology, healthcare, consumer, digital media and other high-growth sectors. For nearly three decades, Morgan Stanley has successfully pursued growth investment opportunities. Expansion Capital’s experienced investment team combines extensive growth equity and franchise experience to pursue a value-creation strategy focused on operational and financial measures. The team works closely with its investor base of successful entrepreneurs and business professionals to assist in building proprietary advantage for its portfolio companies. Expansion Capital also leverages the brand and unparalleled global network of Morgan Stanley to source investment intelligence and opportunities. Expansion Capital is part of Merchant Banking & Real Estate Investing, the Firm’s direct private investing group that invests capital for a diverse client base worldwide, employing a consistent, proven value-creation approach across a full range of strategies and providing deep resources for best-in-class reporting, operations and risk management.

 

About Goldman Sachs Private Capital

 

Goldman Sachs Private Capital is Goldman Sachs’ investment platform dedicated to providing long term capital to growth and middle-market companies. The group focuses on investing as a lead or minority investor and can provide both equity and debt financing.