Application Software M&A » By The Online Investor Staff, updated Thu., Apr. 18, 6:13 AM
Recent mergers and acquisitions in the Application Software M&A category.
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Slide #35. Vistaprint — Pixartprinting Srl
Acquirer:
Vistaprint (VPRT)
Acquiree:
Pixartprinting Srl
Details:
Vistaprint N.V. (NASDAQ:VPRT), a leading online provider of professional marketing products and services to micro businesses and the home, today announced it has entered into a definitive agreement to acquire Pixartprinting Srl for a base purchase price of approximately 127 million, resulting in Vistaprint ownership of 97 percent of Pixartprinting, and 3 percent retained ownership by Pixartprinting's founder. As part of the transaction, Vistaprint will assume 100 percent of the majority stake in Pixartprinting that is currently held by private equity firm Alcedo SGR. The agreement also includes a sliding-scale earn-out of up to 10 million for Pixartprinting, subject to the achievement of revenue and EBITDA performance targets for calendar year 2014. Vistaprint expects Pixartprinting will have a net debt position of 18 million at the close of the transaction.
VistaPrint is a technology and manufacturing company that aggregates, via the Internet, customized orders for a range of print, signage, apparel and similar products. Co. provides its products to market via various brands that deliver marketing products and services to the small business, and home and family markets. These brands include Vistaprint, Co.'s primary brand for micro business marketing products and services, as well as several brands that serve of various market segments, including resellers, small and medium businesses, and consumers purchasing products for personal use. As of June 30 2014, Co.'s reportable operating segments consisted of North America, Europe and Asia Pacific.
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