M&A Deal Summary

Walmart Acquires Art.com

On December 7, 2018, Walmart acquired e-commerce company Art.com from Stripes and Polaris Partners

Acquisition Highlights
  • This is Walmart’s 5th transaction in the E-Commerce sector.
  • This is Walmart’s 11th transaction in the United States.
  • This is Walmart’s 3rd transaction in California.

M&A Deal Summary
Date 2018-12-07
Target Art.com
Sector E-Commerce
Buyer(s) Walmart
Sellers(s) Stripes
Polaris Partners
Deal Type Add-on Acquisition

Target

Art.com

Emeryville, California, United States
Art.com, Inc. is an online art and poster marketplace. Art.com a direct-to-consumer e-tailer, Art.com leverages technology to provide consumers the largest selection of prints, posters, pre-framed art, original art and photography and custom framing.

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Buyer(S) 1

Buyer

Walmart

Bentonville, Arkansas, United States
Category Company
Founded 1945
Sector Retail
Employees2,100,000
Revenue 611.3B USD (2023)
DESCRIPTION
Entrance to Walmart's corporate campus in Bentonville, Arkansas.
Entrance to Walmart's corporate campus in Bentonville, Arkansas.

Walmart is a discount retailer with operations across the globe. Walmart operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM?S CLUBS in the US. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Germany, United Kingdom, Argentina, and South Korea. Walmart was formed in 1945 and is based in Bentonville, Arkansas.

DEAL STATS #
Overall 17 of 23
Sector (E-Commerce) 5 of 5
Type (Add-on Acquisition) 12 of 17
State (California) 3 of 5
Country (United States) 11 of 16
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Eloquii

Columbus, Ohio, United States

Eloquii is a digitally native vertical brand that offers fashion and on-trend apparel starting at size 14 exclusively through its website and select wholesale accounts. The company offers on-trend, fast-fashion clothing and adds fresh, new runway-inspired styles. It introduces new collections and influencer collaborations regularly. Eloquii is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 Aspectiva

Jerusalem, Israel

Aspectiva analyzes consumer opinions using artificial intelligence, turning them into comprehensive and valuable insights, helping eCommerce visitors make informed decisions and resulting in increased online conversion rates.

Buy -

Seller(S) 2

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 13 of 19
Sector (E-Commerce) 2 of 2
Type (Add-on Acquisition) 7 of 10
State (California) 2 of 4
Country (United States) 13 of 19
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 Siete Foods

Austin, Texas, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Pleo

London, United Kingdom

Pleo is a corporate card and expense management provider for small-to-medium-sized businesses in Europe. Pleo enables its customers to permission corporate cards to all employees within the company, distributing purchasing power and autonomy across the enterprise while maintaining control via real-time spending visibility and robust functionality around spending limits and approvals. Pleo was founded in 2015 and is based in London, England.

Buy -
SELLER

Polaris Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1996
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Polaris Partners is primarily a seed, first round, and early stage venture capital investor in information technology and life science businesses. However, Polaris also focuses on private equity investments in established companies. In this area, Polaris targets high growth middle market companies in industries including technology, healthcare, digital media, consumer products and services, and business services. The firm's investments include minority growth equity investments, recapitalizations with liquidity, and leveraged buyouts. Polaris Partners was formed in 1996 and has offices in Seattle, Washington and Waltham, Massachusetts.

DEAL STATS #
Overall 21 of 33
Sector (E-Commerce) 2 of 3
Type (Add-on Acquisition) 7 of 15
State (California) 3 of 5
Country (United States) 19 of 30
Year (2018) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 TRG Screen

New York, New York, United States

TRG Screen is a provider of software used to monitor and manage subscription spend and usage across the entire enterprise. TRG Screen’s clients realize immediate ROI and significant long-term cost savings, transparency into their purchased subscriptions, improvements of their workflows and a higher degree of compliance with their vendor contracts. TRG Screen was founded in 1998 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Dewpoint Therapeutics

Boston, Massachusetts, United States

Dewpoint Therapeutics, a company translating the emerging area of biomolecular condensates into drug discovery to uncover treatments for the toughest disease. Dewpoint Therapeutics is based in Boston, Massachusetts.

Buy -
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