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OFFON

SHUTTERFLY, INC.

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Shutterfly, Inc. completed the acquisition of Spoonflower Inc from North Bridge Growth Equity II, L.P., a fund managed by Guidepost Growth Equity, Bull City Venture Partners and others.

08/10/2021 EST

Shutterfly, Inc. signed an agreement to acquire Spoonflower, Inc. from North Bridge Growth Equity II, L.P., a fund managed by Guidepost Growth Equity, Bull City Venture Partners and others for $225 million on June 14, 2021. Spoonflower is valued at an enterprise value of approximately $230 million. The transaction price is subject to certain working capital and other adjustments. Spoonflower will retain its distinct brand, culture and team structure. Michael Jones will continue to lead Spoonflower, reporting to Hilary Schneider, chief executive officer of Shutterfly. The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to close in the third quarter of 2021. Thomas Mazzucco of KeyBanc Capital Markets Inc. acting as financial advisor for Spoonflower. Taurie Zeitzer, Justin Rosenberg, John Godfrey, Danielle Penhall, Mark Wlazlo, Brian Janson, Brian Grieve, Brad Okun, Lawrence Witdorchic, Charles Googe, Lynn Bayard, Steven Herzog, Darren Johnson, Peter Jaffe, Rachel Fiorill, Daniel Mason, Peter Fisch and William O?Brien of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisors to Shutterfly, Inc. Shutterfly, Inc. completed the acquisition of Spoonflower, Inc. from North Bridge Growth Equity II, L.P., a fund managed by Guidepost Growth Equity, Bull City Venture Partners and others on August 10, 2021.


© S&P Capital IQ 2021
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Managers and Directors
Hilary A. Schneider Chief Executive Officer & Director
James A. Hilt President
Dwayne A. Black Chief Operations Officer & Senior Vice President
David Benjamin Sambur Director
Mitchell Alan Garber Director
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