An affiliate of private equity investment firm HIG Capital has made an investment in VIP Cinema.
Headquartered in New Albany, MS, VIP is a designer and assembler of premium seating solutions for the global cinema industry.
Founded in 2008, VIP helped to pioneer the premium seating concept and is the largest manufacturer of luxury cinema seating in the world.
“We are very excited to partner with Steve Simons, Eddie Powell and the rest of the VIP Cinema team,” says Tenno Tsai, managing director at HIG. “VIP is the clear leader in a rapidly growing market and has a compelling customer value proposition. We see tremendous opportunities in the business and are excited to support their continued growth, particularly in international markets.”
Steve Simons, CEO of VIP, says: “HIG and VIP have common philosophies about customer focus, taking care of employees and product innovation. HIG was the ideal partner for us as we look to accelerate our growth initiatives.”