M&A Deal Summary

Blackhawk Network Acquires InteliSpend Prepaid Solutions

On October 21, 2013, Blackhawk Network acquired business services company InteliSpend Prepaid Solutions

Acquisition Highlights
  • This is Blackhawk Network’s 1st transaction in the Business Services sector.
  • This is Blackhawk Network’s 2nd transaction in the United States.
  • This is Blackhawk Network’s 1st transaction in Montana.

M&A Deal Summary

Date 2013-10-21
Target InteliSpend Prepaid Solutions
Sector Business Services
Buyer(s) Blackhawk Network
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

InteliSpend Prepaid Solutions

Fenton, Montana, United States
InteliSpend delivers intelligent prepaid solutions for business needs: employee rewards, wellness, sales incentives, expense management and promotional programs. InteliSpend’s prepaid card expertise, innovative approach and patented DirectSpend® process can solve even the most complex challenges. Relationships with American Express, Discover®, MasterCard and Visa enable the ideal alignment of network and need.

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Buyer(S) 1

Buyer

Blackhawk Network

Pleasanton, California, United States

Category Company
Founded 2001
Sector Information Technology
Employees2,331
Revenue 1.8B USD (2016)
DESCRIPTION

Blackhawk Network is a global financial technology company and is connecting brands and people through branded value solutions. Blackhawk platforms and solutions enable the management of stored value products, promotions and rewards programs in retail, ecommerce, financial services and mobile wallets. Blackhawk’s Hawk Commerce division offers technology solutions to businesses and direct to consumers. The Hawk Incentives division offers enterprise, SMB and reseller partners an array of platforms and branded value products to incent and reward consumers, employees and sales channels. Blackhawk Network was founded in 2001 and is based in Pleasanton, California.


DEAL STATS #
Overall 2 of 16
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 14
State: Montana M&A 1 of 1
Country: United States M&A 2 of 13
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Cardpool

San Francisco, California, United States

Cardpool, Inc. is an online gift card exchange company where consumers can buy, sell and trade gift cards.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Retailo

Cologne, Germany

Retailo GmbH is a multi-channel gift card distributor, maintains a network of over 50,000 points of sale at retail outlets such as gas stations, lottery agencies, supermarkets, drugstores, and bank branches where gift cards for over 100 brands such as Douglas, IKEA, Saturn, Zalando, and Amazon.de are sold.

Buy -