HGGC has completed a recapitalization of Selligent, a B2C marketing automation software provider. The company's founders and management will retain a significant minority stake in the business. Serving more than 450 companies across 19 countries, primarily in Europe, Selligent provides end-to-end customer lifecycle management for sectors including retail, financial services, publishing and travel. HGGC reportedly made an equity investment of between $150 million and $200 million, which is said to be its largest to date. In 2014, Selligent experienced recurring revenue growth of 45% along with a 94% customer renewal rate. The Jordan, Edmiston Group and Clarity co-advised the company on the deal.