M&A Deal Summary

Teleflora Acquires Interflora Holdings

On June 3, 2019, Teleflora LLC acquired retail company Interflora Holdings Ltd. from FTD Companies, Inc. for 60M USD

Acquisition Highlights
  • This is Teleflora’s 2nd transaction in the Retail sector.
  • This is Teleflora’s 1st largest (disclosed) transaction.
  • This is Teleflora’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-06-03
Target Interflora Holdings Ltd.
Sector Retail
Buyer(s) Teleflora LLC
Sellers(s) FTD Companies, Inc.
Deal Type Divestiture
Deal Value 60M USD

Target

Interflora Holdings Ltd.

Sleaford, United Kingdom
website
Interflora Holdings Ltd. is a provider of floral-related products and services to consumers and retail floral locations in the UK. Interflora Holdings Ltd. was founded in 2004 and is based in Sleaford, United Kingdom.

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Buyer(S) 1

Buyer

Teleflora LLC

Los Angeles, California, United States

website


Category Company
Founded 1934
SectorConsumer Products
DESCRIPTION

Teleflora, LLC provides flower delivery service for connecting customers with florists in the United States and Canada.


DEAL STATS #
Overall 3 of 3
Sector (Retail) 2 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-06 Access Flower Trading, Inc.

Oakville, Ontario, Canada

FlowerBuyer.com is owned and operated by Access Flower Trading Inc., a privately held corporation operating e-services for commercial flower buyers. It is strictly a B2B website and is unique in the cut-flower industry.

Buy -

Seller(S) 1

SELLER

FTD Companies, Inc.

Downers Grove, Illinois, United States

website


Category Company
Founded 1910
SectorE-Commerce
Employees1,333
Revenue 1.0B USD (2018)
DESCRIPTION
FTD's corporate headquarters in Downers Grove, Illinois.
FTD's corporate headquarters in Downers Grove, Illinois.

FTD Companies, Inc. provides floral, specialty foods, gift and related products and services to consumers, retail florists, and other retail locations and companies in need of floral and gifting solutions. FTD's portfolio of brands includes ProFlowers, ProPlants, Shari’s Berries, Personal Creations, RedEnvelope, Cherry Moon Farms, Flying Flowers, Flowers Direct, Sesame, Ink Cards, Postagram, and Gifts.com. FTD is based in Downers Grove, Illinois.


DEAL STATS #
Overall 1 of 3
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 3
Country (United Kingdom) 1 of 1
Year (2019) 1 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Provide Commerce, Inc.

San Diego, California, United States

Provide Commerce Inc. is a provider of flowers, gourmet food and gifts e-commerce sites,

Buy $145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 Personal Creations

Woodridge, Illinois, United States

Personal Creations provides kitchenware to hostess gifts, school supplies to clothing and accessories. Personal Creations is based in Woodridge, Illinois.

Sell $18M