Global buyout house HIG Capital has sold DIAM International, a Parisian maker of luxury and retail point of purchase (POP) displays, to French private equity firm LBO France.
HIG first invested in Diam in 2007 through HIG Europe and Bayside Capital, its credit arm.
Although financial terms of the deal were not disclosed, Olivier Boyadjan, managing director of HIG in Paris, described DIAM International as an extremely successful investment for the firm.
DIAM was founded more than 30 years ago and provides some of the world’s leading luxury brands and specialty retailers with POP display services, employing over 1,300 staff in 13 countries in 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.
“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,” said DIEM CEO Michel Vaissaire.
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