NEW YORK, Nov. 18, 2021 /PRNewswire/ -- CI Capital
Partners ("CI Capital"), a New
York-based private equity firm, announced today that it has
sold its portfolio company, Hero Digital ("Hero"), a leading
customer experience-led digital transformation company that blends
strategic consulting, design, technology, data and performance
marketing, to AEA Investors LP ("AEA"), a leading global investment
firm. Financial terms of the transaction were not disclosed.
During CI Capital's five year ownership period, Hero's revenue
increased more than six-fold through a combination of organic
growth and five strategic add-on acquisitions – each of which
bolstered Hero's service offerings and empowered the company to
expand geographically to five US cities. Hero now serves Fortune
1000 customers across key verticals, including financial services,
technology, health and wellness, consumer and retail, and
manufacturing.
Joost Thesseling, Managing Director of CI Capital, said, "CI
Capital is proud to have collaborated with Dave Kilimnik and the Hero team during the
company's extraordinary growth and transformation over the past
five years. The Hero team has done an incredible job at rapidly
scaling the company while maintaining an unwavering commitment to
its clients and its employees. We look forward to watching what
Dave and his team will accomplish in this next phase."
Dave Kilimnik, Founder and CEO of
Hero, commented, "Joost and the entire team at CI Capital were
outstanding partners during a critical period of explosive growth
and exciting company transformation. We are grateful for
their insight, support, and commitment to our vision of building a
one-of-a-kind digital experience company."
Canaccord Genuity served as financial advisor and Paul, Weiss,
Rifkind, Wharton & Garrison LLP served as legal advisor to
Hero. Houlihan Lokey and
Guggenheim Securities, LLC served as financial advisors and Fried,
Frank, Harris, Shriver & Jacobson LLP served as legal advisor
to AEA.
About HERO DIGITAL
Hero Digital is a leading customer
experience-led digital transformation company founded in
California at the intersection of
business, design, and technology. Hero Digital works with the
C-Suite of the Fortune 1000 to drive transformational business
growth through superior customer experiences that deliver value for
people and business. A trusted advisor to the world's best brands
like Comcast, U.S. Bank, Twitter, Salesforce, Jefferson Health and
TD Ameritrade. Learn more at https://herodigital.com.
About CI Capital Partners
CI Capital Partners LLC is a
leading North American private equity investment firm dedicated to
investing in middle-market companies with over $2.4 billion of invested capital. Throughout its
28-year history, CI Capital and its portfolio companies have made
over 410 platform company and add-on acquisitions representing
approximately $10 billion in
enterprise value. CI Capital forms partnerships with experienced
management teams and entrepreneurs to build substantial businesses
through add-on acquisitions, organic growth and operational
improvements. For more information on CI Capital Partners, please
visit www.cicapllc.com.
MEDIA CONTACT
Daniel
Yunger
Kekst
+1 (212) 521-4800
daniel.yunger@kekstcnc.com
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SOURCE CI Capital Partners