AEA Investors’ Acquisition of Hero Digital

Paul, Weiss, Rifkind, Wharton & Garrison advised CI Capital Partners and its portfolio company, Hero Digital on the deal.

Hero Digital, a leading digital transformation services company, has partnered with AEA Investors LP (“AEA”). The partnership will support strategic investments in new digital offerings, next-gen technology capabilities, and geographic expansion powering customer and business experience transformation. The Hero Digital management team will remain in their roles, with CEO David Kilimnik serving on the board of directors.

During the five years that Hero was owned by CI Capital, its revenue increased more than sixfold through a combination of organic growth and strategic acquisitions, including of Delphic Digital, MaassMedia, Clock Four and Bulldog Solutions. Paul, Weiss represented Hero and CI Capital in each of those acquisitions.

Hero Digital is a leading independent customer experience company operating at the intersection of strategy, design, data and technology, solving the critical digital transformation needs of the Fortune 1000. 

AEA is a leading global investment firm with over $15 billion in assets under management and a 50+ year legacy of partnering with leading middle-market companies to accelerate growth. 

The Paul, Weiss team included corporate partners Ted Ackerman (Picture), Catherine Goodall and Carl Reisner; executive compensation partner Andrew Gaines and counsel Nicole Tark; tax partner Scott Sontag; litigation partners Jeffrey Recher and Allan Arffa and counsel Steven Herzog; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; and antitrust counsel Marta Kelly and Yuni Sobel.

Involved fees earner: Edward Ackerman – Paul Weiss Rifkind Wharton & Garrison; Allan Arffa – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Catherine Goodall – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Jeffrey Recher – Paul Weiss Rifkind Wharton & Garrison; Carl Reisner – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Nicole Tark – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: CI Capital Partners; Hero Digital LLC;