HIG Capital (HIG) has sold its portfolio company Digital Room, (Digital Room) to an affiliate of Sycamore Partners.
Terms of the transaction have not been disclosed.
Headquartered in Sherman Oaks, CA, Digital Room is a leading e-commerce provider of customised marketing products to small and medium sized businesses. The Company reaches its diversified customer base through a series of its own websites and fulfils the products through an extensive network of facilities across North America.
HIG acquired Digital Room in December 2017 in partnership with the Company’s senior management. Through a combination of significant organic growth as well as highly strategic tuck-in acquisitions, Digital Room doubled revenue and profitability during HIG’s ownership period, generating an outstanding return for its investors.
