Add-on Acquisition • Retail

Teleflora Acquires Access Flower Trading

On August 6, 2013, Teleflora acquired retailer Access Flower Trading from Penfund

Acquisition Context
  • This is Teleflora’s 1st transaction in the Retail sector.
  • This is Teleflora’s 1st transaction in Canada.
  • This is Teleflora’s 1st transaction in Ontario.

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M&A Deal Summary

Date August 6, 2013
Target Access Flower Trading
Sector Retail
Buyer(s) Teleflora
Sellers(s) Penfund
Deal Type Add-on Acquisition

Target Company

Access Flower Trading

Oakville, Ontario, Canada
FlowerBuyer.com is owned and operated by Access Flower Trading Inc., a privately held corporation operating e-services for commercial flower buyers. It is strictly a B2B website and is unique in the cut-flower industry.
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Buyer Overview 1

Buyer

Teleflora

Los Angeles, California, United States

Category Company
Founded 1934
Sector Consumer Products
DESCRIPTION

Teleflora, LLC provides flower delivery service for connecting customers with florists in the United States and Canada.


Deal Context for Buyer #
Overall 2 of 3
Sector: Retail 1 of 2
Type: Add-on Acquisition 2 of 2
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-29 Petals Network Pty

Australia

Petals Network Pty Ltd. an award-winning Australian and New Zealand floral delivery service. Petals Network's extensive system of 1,300 local, quality conscious florists from Australia, New Zealand and around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Interflora Holdings

Sleaford, United Kingdom

Interflora Holdings Ltd. is a provider of floral-related products and services to consumers and retail floral locations in the UK. Interflora Holdings Ltd. was founded in 2004 and is based in Sleaford, United Kingdom.

Buy $60M

Seller Profile 1

SELLER

Penfund

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1979
PE ASSETS 2.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.


Deal Context for Seller #
Overall 9 of 22
Sector: Retail 3 of 5
Type: Add-on Acquisition 7 of 8
State: Ontario 6 of 7
Country: Canada 7 of 10
Year: 2013 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-12 Wakefield Canada

Toronto, Ontario, Canada

Wakefield Canada, Inc. is a distributor of Castrol-branded motor oils. These oils are predominantly manufactured in Wakefield’s facility in Toronto and are distributed across Canada through a comprehensive network of warehouses. Wakefield Canada was founded in 2005 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 Caliber

Lewisville, Texas, United States

Caliber is a multi-site operator of auto body collision repair centers in the United States with a nationwide footprint that includes over 1,000 centers. Caliber provides repair solutions that enable its insurance company partners to improve customer satisfaction and drive policyholder retention while also reducing repair costs in the claims process. Caliber was founded in 1997 and is based in Lewisville, Texas.

Sell -