M&A Deal Summary

Shutterstock Acquires Envato

On May 2, 2024, Shutterstock acquired internet software and services company Envato for 245M USD

Acquisition Highlights
  • This is Shutterstock’s 6th transaction in the Internet Software and Services sector.
  • This is Shutterstock’s largest (disclosed) transaction.
  • This is Shutterstock’s 1st transaction in Australia.

M&A Deal Summary
Date 2024-05-02
Target Envato
Sector Internet Software and Services
Buyer(s) Shutterstock
Deal Type Add-on Acquisition
Deal Value 245M USD
Advisor(s) Drake Star Partners (Financial)
Goodwin Procter
King & Wood Mallesons (Legal)

Target

Envato

Melbourne, Australia
Envato is a collection of marketplaces for creative digital assets. This includes: ThemeForest (website templates and WordPress themes), CodeCanyon (Code, Plugins, and mobile), VideoHive (motion graphics), AudioJungle (stock music and audio), GraphicRiver (graphics, vectors, and illustrations) PhotoDune (photography), 3DOcean (3D models and materials). Envato was founded in 2006 and is headquartered in Melbourne, Australia.

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Buyer(S) 1

Buyer

Shutterstock

New York, New York, United States
Category Company
Founded 2003
Sector Digital Media
Employees1,274
Revenue 875M USD (2023)
DESCRIPTION

Shutterstock is a provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world. Shutterstock was founded in 2003 and is based in New York, New York.

DEAL STATS #
Overall 16 of 16
Sector (Internet Software and Services) 6 of 6
Type (Add-on Acquisition) 15 of 15
Country (Australia) 1 of 1
Year (2024) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Backgrid

London, United Kingdom

Backgrid provides celebrity news, that supply top media organizations with real-time content from the world's top photographers for more than three decades. Backgrid was founded in 2001 and is based in London, England.

Buy -
Mergr

Product

Company

Legal