Private equity firm HGGC has closed the acquisition of Buy4Now Technology Group in a deal that will take portfolio company MyWebGrocer Inc. global.
Winooski, Vt.-based MyWeb Grocer provides digital-marketing services to grocery retailers and consumer packaged goods brands. The service also allows users to make grocery lists and download coupons. Palo Alto, Calif.-based HGGC picked up MyWebGrocer in June.
Buy4Now, headquartered in Dublin, provides e-commerce software services to grocery and retail clients in Europe, and counts Irish grocery distributor Musgrave Group as a client. The company will operate as a subsidiary of MyWebGrocer. Terms of the transaction were not disclosed.
In December, HGGC portfolio company Iqor Holdings Inc. agreed to buy the aftermarket services business of Jabil Circuit Inc.(NYSE: JBL) for $725 million. Also in December, HGGC-backed Citadel Plastics Holdings Inc. bought Lucent Polymers Inc.
For more on HGGC’s MyWebGrocer acquisition, see “5 Tantalizing Tech Deals of 2013” and watch “Pent-Up Demand for E-Commerce Technology Drives M&A.”
Software was one of the most active sectors for middle-market M&A in 2013.
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