Digital Management Holdings LLC has received an investment from affiliate of OceanSound Partners, a growth-oriented private equity firm that invests in technology and technology enabled services companies.
DMI is a provider of digital transformation and managed mobility services to commercial and government customers. The company has over 2,100 employees in 7 countries, serving a portfolio of over 200 clients.
“This investment underscores the prime position that DMI occupies in the market and is a tremendous validation of the company’s long-term growth potential,” said Sunny Bajaj, founder and CEO at DMI. “Marrying our technology capabilities and customer relationships with the financial strength and network of OceanSound makes us even stronger and strategically positions DMI to be the leader during this period of extraordinary
Blackstone Credit and Goldman Sachs Asset Management Division provided committed financing for the transaction.
Baird served as financial advisor and Jones Day served as legal counsel to DMI. Miles &
Stockbridge advised DMI management. DC Advisory served as financial advisor and Gibson, Dunn & Crutcher LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to OceanSound.