Insignia Capital Group has entered into a definitive agreement to sell its majority stake in WillowTree to TELUS International for an enterprise value of $1.66 billion (US$1.225 billion). The transaction is set to close in January 2023, pending regulatory approvals and customary closing conditions. Based in Charlottesville, Virginia, WillowTree is a digital product consultancy established in 2008, offering a suite of services from strategy and design to growth marketing to top global brands. Since Insignia's investment in 2018, WillowTree has seen a four-fold increase in revenue, expanded from two to thirteen locations worldwide, and completed three strategic acquisitions. Tony Broglio of Insignia lauded WillowTree's impressive growth during their partnership. WillowTree's CEO, Tobias Dengel, expressed gratitude for Insignia's support during their significant expansion phase and anticipates further growth with TELUS International. Canaccord Genuity was the exclusive financial advisor for the deal, while Kirkland & Ellis LLP and Davis & Gilbert LLP provided legal counsel to Insignia Capital and WillowTree.