M&A Deal Summary

Shutterfly Acquires Spoonflower

On June 14, 2021, Shutterfly acquired business services company Spoonflower from Guidepost Growth Equity

Acquisition Highlights
  • This is Shutterfly’s 4th transaction in the Business Services sector.
  • This is Shutterfly’s 10th transaction in the United States.
  • This is Shutterfly’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2021-06-14
Target Spoonflower
Sector Business Services
Buyer(s) Shutterfly
Sellers(s) Guidepost Growth Equity
Deal Type Add-on Acquisition
Advisor(s) KeyBanc Capital Markets (Financial)

Target

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.

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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 10 of 10
Sector: Business Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 9 of 9
State: North Carolina M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 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.

Buy $825M

Seller(S) 1

DESCRIPTION

North Bridge is an investment firm focused on providing seed, venture, and growth capital to technology enabled companies. Specific areas of interest include communications and infrastructure, software, materials, and digital media. For later stage growth transactions, North Bridge generally looks to acquire majority (or minority) positions to help fund liquidity needs, growth initiatives, or acquisitions. North Bridge was formed in 1994 and has offices in Waltham, Massachusetts and Palo Alto, California.


DEAL STATS #
Overall 16 of 21
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 13
State: North Carolina M&A 1 of 1
Country: United States M&A 16 of 20
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Tractive

Pasching, Austria

Tractive develops pet wearables, apps, and online services; providing pet owners and pet lovers alike with more happiness, security, and peace of mind with their beloved four-legged friends. Tractive was founded in 2012 and is based in Pasching, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Ingenious Med

Atlanta, Georgia, United States

Ingenious Med delivers easily implementable mobile and web solutions that improve physician productivity and hospital performance at the point of care. Ingenious Med helps health systems and physician groups increase revenues, make data more intelligent, align care with quality measures and automate workflows across the healthcare continuum. Ingenious Med was founded in 1999 and is based in Atlanta, Georgia.

Sell -