Benevity Announces Investment From Hg

Paul, Weiss is advising Benevity, Inc., a General Atlantic portfolio company, in a strategic investment in Benevity by Hg, a leading European investor in software and services. Benevity is a global leader in corporate purpose cloud software. Hg will lead the investment in partnership with Benevity’s current investors, General Atlantic and JMI Equity, which will remain significant investors in the business. The investment is expected to further accelerate and scale Benevity’s pioneering leadership in the corporate social responsibility category. Terms of the transaction, expected to close in January 2021, were not disclosed.

The Paul, Weiss team includes corporate partners Matthew Abbott and Neil Goldman and counsel Ji Lu; tax partner Lindsay Parks; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; executive compensation counsel Jarrett Hoffman and Nicole Tark; antitrust counsel Marta Kelly; environmental counsel William O'Brien; and litigation counsel Steven Herzog and Peter Jaffe.