MIAMI–(Enterprise WIRE)–Jul 13, 2021–
H.I.G. Capital (“H.I.G.”), a foremost worldwide option investment decision firm with $44 billion of fairness money under administration, declared currently that its portfolio organization, Circle Graphics (“Circle”), has acquired Workshop X, Inc. dba Canvaspop (“Canvaspop” or the “Company”).
Canvaspop is a primary on the web retailer of customized wall decor, enabling buyers to switch their most precious memories into individualized items of wall art. Serving about 450,000 buyers throughout the United States, Europe, Canada and Australia. Canvaspop focuses on providing the best online shopping for knowledge, world-course purchaser assistance and the greatest top quality products and solutions. Canvaspop was founded in 2009 and is headquartered in Ottawa, Canada.
“We are thrilled to announce the continued growth of the Circle portfolio with the acquisition of Canvaspop now,” mentioned Andrew Cousin, Main Executive Officer of Circle Graphics. “Canvaspop has develop into the manufacturer chief in personalized wall decor, with a well-founded world-wide pursuing. Today’s announcement presents an exciting possibility to do the job collectively with the Canvaspop team to speed up its progress and provide them the resources they want to increase their eyesight, though developing Circle’s portfolio of on-line qualities.”
Nazim Ahmed, Co-Founder and CEO of Canvaspop, extra, “I have comprehensive self-assurance in Circle Graphics as a strategic associate, and I know that Canvaspop is in good hands to bring the brand to the following degree. Considering that 2009, Canvaspop has targeted on offering a best-in-course on the internet getting working experience, shopper company and model innovation to the industry, even though delivering the highest good quality items. To have Andrew and the Circle team maintain Canvaspop’s upward momentum in individuals areas, expand its item and provider providing, and proceed rising its global consumer base, presents an astounding opportunity.”
“We are pleased to assistance Circle’s acquisition of Canvaspop,” stated Ryan Kaplan, Controlling Director of H.I.G. Money. “This acquisition further more establishes Circle as the top service provider of customized on the internet wall décor and proceeds our method of obtaining foremost models to more develop Circle’s presence in the personalized merchandise market.”
Today’s information follows Circle’s acquisitions of Graphik Dimensions in November 2020 and Bay Picture in August 2020. Canvaspop represents Circle’s fifth insert-on acquisition given that it was obtained by H.I.G. in September 2019.
Canvaspop is a chief in on-desire printing and customized photo artwork. Launched in 2009, the Business focuses on innovating the way customers can order personalized products and solutions on the net, supplying environment-class purchaser assist, and offering the highest good quality items. Canvaspop has above 450,000 joyful clients during the United States, Canada, Europe and Australia. For more data, make sure you pay a visit to www.canvaspop.com.
About Circle Graphics
Founded in 2000, Circle Graphics provides finest-in-class electronic graphics for buyers, specialists, and companies by means of two unique divisions: On the net Wall Décor and Out-of-Household Visible Alternatives. The company’s On-line Wall Décor phase allows consumers and experienced photographers to procure designed-to-buy photographs and pre-built art photos by means of wholly-owned immediate-to-shopper websites and market place-major reseller interactions. Circle Graphics’ Out-of-House Visible Methods phase signifies the top significant-format digital graphics supplier to billboard operators with a developing offering in branded small business signage to modest and medium-sized firms. Based mostly near Denver, Colorado, Circle Graphics employs roughly 1,650 persons throughout the United States to competently serve the company’s nationwide customer foundation. For more details, you should pay a visit to www.circlegraphicsonline.com.
About H.I.G. Funds
H.I.G. is a top world-wide private fairness and option belongings expenditure agency with $44 billion of fairness capital under administration.* Based in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as effectively as global affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in furnishing the two personal debt and fairness funds to small and mid-sized organizations, making use of a versatile and operationally concentrated/ worth-added technique:
Given that its founding in 1993, H.I.G. has invested in and managed extra than 300 companies around the globe. The firm’s current portfolio includes additional than 100 companies with mixed gross sales in surplus of $30 billion. For a lot more details, make sure you refer to the H.I.G. website at www.higcapital.com.
- H.I.G.’s equity resources commit in administration buyouts, recapitalizations and company carve-outs of both equally successful as nicely as underperforming manufacturing and services corporations.
- H.I.G.’s debt cash invest in senior, unitranche and junior financial debt financing to businesses throughout the measurement spectrum, the two on a principal (direct origination) foundation, as properly as in the secondary marketplaces. H.I.G. is also a main CLO supervisor, through its WhiteHorse spouse and children of automobiles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s authentic estate cash devote in worth-additional attributes, which can benefit from enhanced asset management techniques.
* Dependent on whole funds commitments managed by H.I.G. Money and affiliates.
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Speak to: Ryan Kaplan
Key phrase: UNITED STATES NORTH The united states CANADA FLORIDA
Marketplace Search phrase: OTHER RETAIL BANKING Office environment Items On the web RETAIL Know-how Qualified Services SPECIALTY Pictures RETAIL House Goods FINANCE
Resource: H.I.G. Money
Copyright Business Wire 2021.
PUB: 07/13/2021 06:00 AM/DISC: 07/13/2021 06:02 AM
Copyright Business enterprise Wire 2021.