Catering to customers seeking innovation and original designs, Paper Source sells a unique selection of fine and artisanal papers, invitations and announcements, personalized and distinctive gifts, gift wrap, greeting cards, custom stamps, and a custom collection of envelope and cards through its company-owned retail stores. Headquartered in Chicago, Illinois, Paper Source operates 73 stores across 23 states.
“Paper Source is a market-leading retailer with a differentiated product offering and exceptional customer service. We look forward to working with Sally Pofcher and the Paper Source team as they seek to continue to grow the Company’s store base and e-commerce presence,” Mohammed Al-Shroogi, President for Gulf Business at Investcorp said.
“Investcorp is a highly complementary partner for Paper Source, with a track record of growing strong retail brands,” Sally Pofcher, CEO of Paper Source, said. “This transaction provides us with a deep capital base to expand our domestic footprint and pursue direct marketing opportunities, as well as a partner that has an established reputation for working effectively with management teams.”
Morgan Joseph TriArtisan LLC acted as financial advisor, and Gibson, Dunn & Crutcher LLP acted as the legal advisors.