Creative Digital Acquired By Lbi
A Principal Of 7 Mile Advisors Acted As The Sell-Side Advisor to Creative Digital Group In Their Sale To LBi International AB
LBI International AB (“LBi”), the leading international full service digital agency network, announced that it acquired Creative Digital Group LLC, which is located in Atlanta, Georgia in the United States. CDG was an interactive agency specializing in the strategic development and creative execution of online advertising and rich media campaigns. This full service digital agency will complement LBi’s existing operations in New York City. Terms of the transaction were not disclosed.
LBi CEO Robert Pickering stated: “The acquisition of CDG is a key addition to our service offering in the US and in Europe. We will be better positioned to extend our full service offering to existing US and European based clients. We look forward to the contribution by CDG in growing our business in the USA.”
CDG CEO Joe Schab stated: “We wanted to be part of a world class international interactive agency and LBi was a perfect choice for us. We look forward to extending our services to LBi’s client base but to also pursue other opportunities with new clients in the US now that we have the backing of the LBi network.”
LBi is the leading international full service digital agency network, servicing clients with marketing and technology solutions. The Company employs approx. 1,400 professionals located primarily in the major European and American business centers, such as Amsterdam, Berlin, Brussels, Copenhagen, London, Madrid, Milan, Mumbai, Munich, New York and Stockholm. Through interdisciplinary teams, LBi creates innovative multi-channel solutions for its national and international corporate clients by uniquely combin-ing strategy development and creative design with specific industry expertise and latest digital technol-ogy. LBi was formed by the merger of LB Icon and Framfab in August 2006 and is listed on Euronext in Amsterdam as well as on OMX Nordic in Stockholm (symbol: LBI).
Creative Digital Group was an interactive agency that had expertise in online video advertising, email marketing, lead generation, and branding. From usability research and ultra rich media campaigns, to complex ecommerce and data driven interface design, CDG used emerging technologies to develop interactive experiences that build successful brands and dynamic relationships. CDG designed, developed and implemented scalable interactive solutions across many digital channels including websites, social networks, kiosks, digital signage, mobile, and rich media platforms. CDG was honored to work with many of the largest brands in the world, including The Home Depot, United Parcel Service, Blockbuster, The Coca-Cola Company, Turner, CNN and Chick-fil-A to name just a few.
A Principal Of 7 Mile Advisors acted as the sell-side advisor to Creative Digital.