M&A Deal Summary

Missouri Star Quilt Acquires LoveCrafts

On October 10, 2024, Missouri Star Quilt acquired internet software and services company LoveCrafts from Highland Europe and Scottish Equity Partners

Acquisition Highlights
  • This is Missouri Star Quilt’s 1st transaction in the Internet Software and Services sector.
  • This is Missouri Star Quilt’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-10-10
Target LoveCrafts
Sector Internet Software and Services
Buyer(s) Missouri Star Quilt
Sellers(s) Highland Europe
Scottish Equity Partners
Deal Type Add-on Acquisition

Target

LoveCrafts

London, United Kingdom
LoveCrafts provides an online community for customers interested in craft-design, who use the platform to buy supplies and share projects. LoveCrafts was established in 2012 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Missouri Star Quilt

Hamilton, Missouri, United States

Category Company
Founded 2008
Sector Apparel/Textiles
DESCRIPTION

Missouri Star Quilt sell a wide variety of quilting supplies: pre?cut fabrics (fat quarters, jelly rolls, charm packs etc.), patterns, notions, tools. Missouri Star Quilt was founded in 2008 and is based in Hamilton, Missouri.


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
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 2

DESCRIPTION

Highland Europe is a growth capital investor focused on technology enabled companies addressing large market opportunities in internet, mobile and software. The Firm looks to commit €10 to €30 million in fast growth companies with at least €10 million in annual sales. The Firm will consider opportunities throughout Western Europe with global ambitions. Highland Europe was formed in 2012 and is headquartered in London.


DEAL STATS #
Overall 10 of 12
Sector: Internet Software and Services M&A 4 of 5
Type: Add-on Acquisition M&A Deals 6 of 7
Country: United Kingdom M&A 6 of 7
Year: 2024 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 Featurespace

Cambridge, United Kingdom

Featurespace is a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. Featurespace was founded in 2008 and is based in Cambridge, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 Farewill

London, United Kingdom

Farewill is an online service providing legal forms and information intended to deal with all paperwork after death. Farewill was founded in 2015 and is based in London, United Kingdom.

Sell £13M
DESCRIPTION

Scottish Equity Partners is a growth capital firm focused on high-growth tech company invests in the UK and Ireland. The Firm looks to invest up to £50 million across a range of sectors, with a particular interest in enterprise software, consumer internet and tech-enabled service businesses. Scottish Equity seeks to build value by playing an active and supportive role in the growth and development of its portfolio companies. Scottish Equity Partners is based in London.


DEAL STATS #
Overall 20 of 23
Sector: Internet Software and Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 11 of 13
Country: United Kingdom M&A 18 of 21
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Intelligent Reach

London, United Kingdom

Intelligent Reach provides a SaaS solution for retailers and brands, helping them to improve visibility of their online products. The solution ensures that product information is relevant for online shoppers and performing well across 1,400 online channels and marketplaces, such as Google, Amazon and Facebook. Intelligent Reach was established in 2006 and is based in London, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-26 Springtime Technologies

Vienna, Austria

Springtime Technologies is a accounts payable automation software company. Springtime’s flagship software product, Invoicetrack, streamlines finance and operations workflows through automated data extraction and ingestion capabilities, an AI-powered matching engine, and country-specific processing expertise which has been embedded in the solution. Springtime Technologies was founded in 2004 and is based in Vienna, Austria.

Buy -