M&A Deal Summary

TELUS Acquires Black Photo

On September 8, 2009, TELUS acquired e-commerce company Black Photo from Reichmann Hauer Captial Partners for 28M USD

Acquisition Highlights
  • This is TELUS’s 1st transaction in the E-Commerce sector.
  • This is TELUS’s 8th largest (disclosed) transaction.
  • This is TELUS’s 6th transaction in Canada.
  • This is TELUS’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2009-09-08
Target Black Photo
Sector E-Commerce
Buyer(s) TELUS
Sellers(s) Reichmann Hauer Captial Partners
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

Black Photo

Toronto, Ontario, Canada
Black Photo Corp. is an online retailer of photography related products.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada

Category Company
Founded 1993
Sector Communications
Employees106,400
Revenue 20.0B CAD (2023)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is headquartered in Vancouver, Canada.


DEAL STATS #
Overall 6 of 20
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 6 of 19
State (Ontario) 2 of 10
Country (Canada) 6 of 18
Year (2009) 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-17 Emergis

Longueuil, Quebec, Canada

Emergis, Inc.,develops and manages solutions that automate transactions and the secure exchange of information to increase the process efficiency and quality of service of its customers.

Buy $763M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-10 Kinlogix Medical

Quebec, Canada

Kinlogix Medical, Inc. is a provider of cloud based electronic medical records (EMR).

Buy -

Seller(S) 1

DESCRIPTION


DEAL STATS #
Overall 1 of 2
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-29 Black Photo

Toronto, Ontario, Canada

Black Photo Corp. is an online retailer of photography related products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 The Allan Candy

Mississauga, Ontario, Canada

The Allan Candy Co., Ltd. is a producer and distributor of chocolate confectionery products.

Sell -