Case Study

PGIM finances HH Global’s acquisition of InnerWorkings, Inc.

Established in 1991, HH Global is a leading provider of marketing execution solutions for print, secondary packaging, and creative production services. 

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At a Glance

Headquartered in Leatherhead, UK, the company has a presence in more than forty countries across Europe, the Middle East, Africa, the Americas, and Asia Pacific. ​

In September 2017, PGIM completed a one-stop financing to enable the minority recapitalisation of HH Global. The transaction supplied capital to fuel HH Global’s organic growth and fund potential acquisitions. It also provided partial shareholder liquidity to allow for the retirement of the chairman and support an ownership transition to put greater ownership with the extended leadership group, who will drive the business forward. ​

In October 2020, our Direct Lending team co-led an incremental $250 million senior secured credit facility for HH Global to finance the acquisition of Chicago-based InnerWorkings, Inc. (NASDAQ: INWK). ​

The combination will result in a world-class marketing, engineering and execution firm that is well-positioned to serve global clients seeking innovative, end-to-end marketing solutions that lower costs and improve brand consistency, visibility, sustainability, and speed to market. ​

Relationship Since 2017
 
Transaction details:
  • $250,000,000 Senior Secured Credit Facility

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Jack Gilbert
Jack Gilbert

Senior Director, Europe & UK Direct Lending

+44 20 3837 3404