M&A Deal Summary

Shutterstock Acquires Pond5

On May 11, 2022, Shutterstock acquired internet software and services company Pond5 from Stripes

Acquisition Highlights
  • This is Shutterstock’s 5th transaction in the Internet Software and Services sector.
  • This is Shutterstock’s 8th transaction in the United States.
  • This is Shutterstock’s 3rd transaction in New York.

M&A Deal Summary

Date 2022-05-11
Target Pond5
Sector Internet Software and Services
Buyer(s) Shutterstock
Sellers(s) Stripes
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)
Goodwin Procter (Legal)

Target

Pond5

New York, New York, United States
Pond5 is an online marketplace for royalty-free and editorial video, with customers including Netflix, Disney, NBC, BBC, Discovery Channel, and The Wall Street Journal. The company's comprehensive collection includes 30 million licensable video clips, 1.6 million music tracks, and 1.7 million sound effects assets. It serves the needs of creators across industries from individual users to major corporations with competitive pricing and an array of purchase options including a unique pay-per-item model. Purchases are backed by a broad and flexible license, the best price guarantee, and a dedicated team standing by to provide expert assistance. Pond5 was formed in 2006 and is based in New York, New York.

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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 12 of 16
Sector (Internet Software and Services) 5 of 6
Type (Add-on Acquisition) 12 of 15
State (New York) 3 of 4
Country (United States) 8 of 10
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Picmonkey

Seattle, Washington, United States

Picmonkey is an online graphic design and image editing platform that enables creators of any skill level to design high-quality visual assets - from presentations, advertisements and logos, to business cards and banners - for an array of use cases, including digital marketing, advertising, and social media posts. Picmonkey was founded in 2012 and is based in Seattle, Washington.

Buy $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Splash News

Los Angeles, California, United States

Splash News is a provider of images, videos, and stories to top publishers across the globe. Splash has developed a loyal, expanding contributor network of over 4,000 photographers around the world, who upload over 20,000 assets each day. Splash News was founded in 1990 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.3B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.


DEAL STATS #
Overall 18 of 19
Sector (Internet Software and Services) 6 of 6
Type (Add-on Acquisition) 9 of 10
State (New York) 8 of 8
Country (United States) 18 of 19
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Talos

New York, New York, United States

Talos is a provider of institutional digital asset trading technology. Talos platform is trusted by the most sophisticated market participants and their end clients for its performance, reliability, and security. Its growing network of services – trading platform, marketplace, data and analytics, and portfolio and settlement tools, all offered directly or through service providers on a white-label basis – enable clients of all types to transact end-to-end without concern for unnecessary intermediary risk or potential conflicts of interest. Talos was founded in 2018 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Siete Foods

Austin, Texas, United States

Siete Foods is a food brand, that makes grain-free products based in Austin, Texas.

Sell $1.2B