Moonpig Group PLC (LSE:MOON) made an offer to acquire Smartbox Group UK Limited for £124 million on May 23, 2022. The acquisition cash funded through cash on balance sheet and £60m committed extension to the Group's senior revolving credit facilities. Smartbox unaudited revenues were £14 million for FY22.

Completion of the proposed Acquisition is conditional on UK regulatory clearance, and it is expected to complete by the end of July 2022. Antonin Baladi, Basil Geoghegan and Kush Nanjee of PJT Partners acted as financial advisor to Moonpig Group PLC.