Boston private equity firm Great Hill Partners opened a London office recently with an eye on business in both the UK and Europe.
Managing Director Drew Loucks will lead the new office and is charged with growing the London team. Loucks joined Great Hill in 2011 and was named partner at the firm in 2019.
“Opening a London office is a natural next step for Great Hill,” said Chris Gaffney, managing director at Great Hill. “We have more than a decade of experience investing in the UK and Europe, with a large and growing portfolio of international investments. The launch of a London office provides us with an enhanced ability to partner with some of the leading, high-growth companies in the region, and Drew is the ideal professional to lead our expansion.”
Great Hill focuses on companies within the software, digital commerce, financial technology, healthcare and digital infrastructure sectors. Most recently, the firm invested €180 million ($193 million) to merge Germany-based Echobot, a leading provider of European sales intelligence, and Finland-based Leadfeeder, a best-in-class web visitor intelligence platform, creating an AI-powered sales intelligence and go-to-market platform. Other European investments include: Momondo Group, Reward Gateway, NotontheHighStreet, Educaedu, eloomi, Ikon Science, and BigChange.
“The UK and Europe are dynamic and attractive markets with exciting investment opportunities across a variety of high-growth sectors,” said Loucks. “With a presence in London, we believe we can further bolster our investment activity throughout Europe as well as strengthen our ability to support our U.S.-based portfolio companies as they look to potentially expand their businesses overseas.”
