M&A Deal Summary

Inter IKEA Systems B.V. Acquires TaskRabbit

On September 28, 2017, Inter IKEA Systems B.V. acquired internet software and services company TaskRabbit from The Tornante Company

Acquisition Highlights
  • This is Inter IKEA Systems B.V.’s 1st transaction in the Internet Software and Services sector.
  • This is Inter IKEA Systems B.V.’s 1st transaction in the United States.
  • This is Inter IKEA Systems B.V.’s 1st transaction in California.

M&A Deal Summary

Date 2017-09-28
Target TaskRabbit
Sector Internet Software and Services
Buyer(s) Inter IKEA Systems B.V.
Sellers(s) The Tornante Company
Deal Type Add-on Acquisition

Target

TaskRabbit

San Francisco, California, United States
TaskRabbit, Inc. is an online and mobile marketplace that allows users to outsource small jobs and tasks to others in their neighborhood. TaskRabbit was founded in 2008 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Inter IKEA Systems B.V.

Delft, Netherlands

Category Company
Founded 1983
Sector Retail
DESCRIPTION

Inter IKEA Systems B.V. is a home furnishing retailer and operates 357 stores in 29 countries. IKEA Group offers well-designed, functional and affordable home furnishing products at prices so low that as many people as possible will be able to afford them.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

The Tornante Company

Beverly Hills, California, United States

Investor


Category Venture Capital Firm
Founded 2005
Size Middle-Market
Type Sector Focused
DESCRIPTION

The Tornante Company is the private investment vehicle for Michael Eisner, former Chairman & CEO of Walt Disney. The Tornante Company focuses on investments in the media and entertainment sectors. The Tornante Company was formed in 2005 and is based in Beverly Hills, California.


DEAL STATS #
Overall 2 of 4
Sector: Internet Software and Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
State: California M&A 1 of 2
Country: United States M&A 1 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 Portsmouth Football Club

Hampshire, United Kingdom

Portsmouth Football Club owns and operates a professional football club. Portsmouth Football Club was founded in 1898 and is based in Portsmouth, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Bazooka Candy Brands

New York, New York, United States

Bazooka Candy Brands produces distinctive candy products including Bazooka bubble gum, Ring Pop, Push Pop, Baby Bottle Pop, and Juicy Drop Pop lollipops - as well as manage pre-paid digital and physical gift card solutions for consumer brands. Bazooka Candy Brands was founded in 1938 and is based in New York City.

Sell -