Sea Equity Announces The Acquisition of the UK Business of CPI Card Group
LONDON – 3rd August, 2018 – SEA Equity announces the acquisition of the UK business of CPI Card Group Inc. a leading provider of printing, personalization and fulfilment services to the commercial, loyalty and gift card markets from CPI Card Group Inc.
The UK business of CPI Card Group is one of Europe’s leading providers of gift cards, loyalty cards, commercial cards and related fulfilment services, primarily serving high street and online retailers. Its award winning end to end service and product offering covers design, card printing and personalization and fulfillment.
The company is headquartered at its production facility in Colchester, with a further production site in Liverpool and a design center in Derby. Nick Cahn will continue to lead the business as CEO, alongside its high quality management team.
Elliott Nicholson, partner at SEA Equity, said: “We believe the UK business of CPI Card Group is well positioned for future growth due to its market leading position and strong leadership. We are excited to work with the management team to back the business as an independent entity, strengthen its value proposition and support future growth. This is our third carve-out from a U.S. corporate in under a year and we continue to see this as an area of specialization for SEA Equity”
Nick Cahn, CEO of the UK business of CPI Card Group commented: “we have built a market leading position and a strong reputation whilst a part of CPI Card Group Inc. We will continue to provide our customers with the high levels of service they expect and look forward to building on our track record of success. SEA Equity are an ideal partner for us as we take this next step.”
UPDATE: As of November 2018, CPI Card Group UK is now Incodia.