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New Deal


Announced

Completed

Cove Hill Partners completed the investment in myDigitalOffice.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

hotel management software

Minority

Private Equity

Single Bidder

United States

Private

software development

Software

Domestic

Acquisition

Friendly

Synopsis

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Cove Hill Partners, a long-term oriented investment firm, completed the investment in myDigitalOffice, a provider of software to hotel brands, operators, and owners. Financial terms were not disclosed. "Growing top line revenue while also optimizing the hotel’s bottom line is becoming increasingly difficult. Our customers rely on MDO to deliver their daily hotel performance data, and supporting documents, in a way that’s easily accessible and digestible, actionable, consistent, and accurate. Our tremendous growth, especially through a global pandemic, is a testament to our incredible people, customers, and partners," Ali Moloo, myDigitalOffice Founder and CEO.

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