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Photobox Group

The deal

Investing in Europe’s leading digital consumer service for personalised products and gifts


Deal size, January 2016

Fund III

Current investment

The teams

Management Team

Chair: Peter Plumb

CEO: Dan Mucha

The story


The Photobox Group is Europe’s leading digital consumer service for personalised photo products and gifts under the brands Photobox, Hofmann and posterXXL, with operations in the UK, France, Germany and Spain.

Exponent acquired the business in 2016 from a wide ownership base, including six VC investors and a range of individual small shareholders. We backed Doug McCallum as Operating Chair who we previously appointed as Operating Chair of Trainline. We have since appointed Peter Plumb, former CEO, as Operating Chair of Photobox Group.

The Group is the clear leader in its key geographies, and is the only player of scale in Europe - a market driven by the trend of personalisation. We were attracted to the business by its strong brand and customer proposition, and are excited by the potential to build on this with the management team.