M&A Deal Summary

Shutterfly Acquires Lifetouch

On January 30, 2018, Shutterfly acquired business services company Lifetouch for 825M USD

Acquisition Highlights
  • This is Shutterfly’s 3rd transaction in the Business Services sector.
  • This is Shutterfly’s largest (disclosed) transaction.
  • This is Shutterfly’s 9th transaction in the United States.
  • This is Shutterfly’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-01-30
Target Lifetouch
Sector Business Services
Buyer(s) Shutterfly
Deal Type Add-on Acquisition
Deal Value 825M USD
Advisor(s) BMO Capital Markets (Financial)

Target

Lifetouch

Eden Prairie, Minnesota, United States
Lifetouch, Inc. is a provider of school photography. The company photographs more than 25 million children annually during the cherished fall picture day tradition, serving more than 10 million households, including more than one million new kindergarten households annually, across more than 50,000 schools. Lifetouch was founded in 1936 and is based in Eden Prairie, Minnesota.

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Buyer(S) 1

Buyer

Shutterfly

Redwood City, California, United States
Category Company
Founded 1999
Sector Internet Software and Services
Employees2,016
Revenue 2.0B USD (2018)
DESCRIPTION
Shutterfly's corporate headquarters in Redwood City, California.
Shutterfly's corporate headquarters in Redwood City, California.

Shutterfly is an Internet-based social expression and personal publishing service. Shutterfly provides products and services that make it easy for consumers to preserve their digital photos in a creative and thoughtful manner. Shutterfly was formed in 1999 and is based in Redwood City, California.

DEAL STATS #
Overall 9 of 10
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 8 of 9
State (Minnesota) 1 of 1
Country (United States) 9 of 10
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-17 GrooveBook

Chatsworth, California, United States

GrooveBook is a mobile photo book app subscription service that sends customers a keepsake book of their mobile phone photos each month.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Spoonflower

Durham, North Carolina, United States

Spoonflower is an online community involved in fabric and textile printing. Spoonflower is a global marketplace offering custom, print-on-demand fabric, wallpaper, and home decor designed by global independent artists. Spoonflower was founded in 2008 and is based in Durham, North Carolina.

Buy -
Mergr

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