Global private equity firm H.I.G. Capital has acquired the New York-based Constructive Media, a platform of digital media products for the casual gaming and digital education markets, according to a statement.
The financial terms of the deal haven’t been disclosed.
Greg Barlow, CEO of Constructive Media, said the acquisition will provide the company the operating, financial and strategic resources to grow the platform.
Founded in the late 1990s, Constructive Media creates products on new topics across all digital platforms for students, casual gamers and learners.
“There are numerous compelling opportunities to build upon this platform, and we look forward to supporting the company in its next phase of growth,” Mike Phillips, managing director at HIG, said.
Miami-based HIG Capital has $19 billion of equity capital under management.
The PE firm specializes in providing both debt and equity capital to small and mid-sized companies.
Boutique investment banking firm Signal Hill Capital Group LLC acted as the financial advisor on the transaction.