HIG Capital has completed the sale of DIAM International to French private equity firm LBO France.
HIG Capital has completed the sale of DIAM International to French private equity firm LBO France.
Based in Paris, France, DIAM is a designer and manufacturer of high quality luxury and retail point of purchase displays.
DIAM has more than 1,300 employees in 13 countries throughout Europe, Asia, Africa, North America and Australia. The company’s primary business segments include prestige retail displays, mass-market displays, non-cosmetic displays and installation services.
“HIG has been a tremendous partner to DIAM and has been instrumental in helping us execute our growth strategy,” says Michel Vaissaire, chief executive officer of DIAM. “In the last five years, we’ve significantly expanded our international sales, made a key acquisition, and made sizeable investments to improve our market leading customer support and manufacturing efficiency. We are very happy to now welcome LBO France as a shareholder.”
“DIAM was an extremely successful investment for HIG,” says Olivier Boyadjan (pictured), managing director of HIG in Paris. “Michel Vaissaire and his team significantly increased sales and earnings over the past five years, and the team has driven DIAM to the forefront of the global POP market under his leadership. We have no doubt that the company will enjoy continued long-term success.”
HIG had invested in DIAM in 2007 through its European affiliate HIG Europe and its credit affiliate Bayside Capital.
