Great Hill opens London office to expand activity in Europe

Ero Partsakoulaki
20 March 2023

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US-based private equity firm Great Hill Partners has opened a London office to expand its investment activity in the UK and Europe and has appointed managing director Drew Loucks as its new head.

The new arm will serve as the firm's regional hub for the UK and Europe and provide greater access to investment opportunities in the region, as well as resources for portfolio companies, according to a press release.

Loucks joined the Boston-headquartered GP in 2010 and was promoted to partner in July 2019.

The firm has invested in several European companies, including UK-based online travel portal Momondo Group, UK-based developer of employee engagement software Reward Gateway, UK-based retailer NotontheHighStreet, Spain-based provider of online education services Educaedu, Denmark-based HR software provider eloomi, UK-based oil and gas software company Ikon Science and UK-based HR workforce management company BigChange.

Most recently, the GP invested EUR 180m to merge Germany-based Echobot, a provider of European sales intelligence, and Finland-based Leadfeeder, a web visitor intelligence platform, creating an AI-powered sales intelligence and platform.

Founded in 1998, Great Hill Partners targets investments of USD 100m-USD 500m in high-growth companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors.

Its latest fund, Great Hill Equity Partners VIII, was registered with the US SEC in October 2021, according to Unquote Data. The vehicle is expected to follow its predecessor's strategies and invest in technology-enabled growth businesses, such as healthcare IT & services, internet infrastructure, e-commerce & consumer, fintech & payments and software in North America, Latin America and Western Europe.