HPE Growth sells minority GP stake

by Matthias Plötz 22 August 2023

HPE Growth has sold a minority stake in the firm to Nieland Family Office (NFO). Philipp Nieland is the founder of PPRO, one of HPE Growth’s first investments.

Following regulatory approval of the transaction, NFO’s closer involvement with HPE should add complementary expertise and a network of tech entrepreneurs investing in European digital businesses, according to the firms.

HPE further said the fresh funds would be deployed to advance the firm’s platform focusing on scaling digital business models in Europe. Additionally, the minority stake supports realignment of the firm’s shareholder group and addresses succession planning.

Tim van Delden, managing partner and founder of HPE Growth, called NFO’s investment “invaluable”.

In a statement, the firms said HPE will continue to be managed by its current senior leadership team. While NFO will support HPE’s deal sourcing efforts and growing its investor base, it will not take up operational or investment decision roles.

Categories: NewsFundraising & fund structuringODD / DDQ

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