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Chatham Asset Management completes acquisition of RRD Acquisitions 

Chatham Asset Management completes acquisition of RRD

GaryPageau , ,
Shareholders of R.R. Donnelley & Sons Co. (RRD) voted Feb. 23 to approve the sale of the company to Chatham Asset Management, LLC, bringing to a close one of the most convoluted acquisitions in recent years. The final price, announced on Dec. 14, 2021, was $10.85 per share (about $2.3 billion). The deal concludes competing bids from secret buyers and other... Read More
Lawton Connect acquires Pinhole Press Acquisitions News 

Lawton Connect acquires Pinhole Press

GaryPageau ,
Orlando, Fla.-based family-owned printer Lawton Connect announced the acquisition of on-demand photo product company Pinhole Press. The acquisition adds a consumer-facing, premium- high-quality personalized photo company to the century-old printing business. “Lawton Connect and Pinhole Press unite to form a sophisticated online print engine with 120 years of printing experience,” said Tyler Koon, vice president, Lawton Connect. “Bringing Pinhole Press into... Read More
Kornit Digital unveils state-of-the-art ink manufacturing site in Israel, buys Tesoma Acquisitions News 

Kornit Digital unveils state-of-the-art ink manufacturing site in Israel, buys Tesoma

GaryPageau
Kornit Digital Ltd. announced today the official opening of its new $25 million scalable, state-of-the-art ink manufacturing facility in Kiryat Gat, Israel. The 11,000-square-meter facility incorporates advanced automation, sophisticated workflows, and innovative technologies for production optimization. The new high-volume production facility is expected to fulfill global demand for Kornit consumables for the next decade. “This is a key milestone in... Read More
“Strategic Party” withdraws $11.50 non-binding proposal to acquire RRD Acquisitions News 

“Strategic Party” withdraws $11.50 non-binding proposal to acquire RRD

GaryPageau
R.R. Donnelley & Sons Co. (RRD) announced the withdrawal of the unsolicited non-binding and conditional “Alternative Acquisition Proposal” from the mysterious “Strategic Party” to acquire all of the outstanding shares of RRD’s common stock for $11.50 per share in cash. The Strategic Party did not provide specific reasons for its withdrawal, according to the RRD press release. The company remains... Read More
RRD gets update on unsolicited proposal from Strategic Party Acquisitions 

RRD gets update on unsolicited proposal from Strategic Party

GaryPageau ,
R.R. Donnelley & Sons Company (RRD) announced the receipt of an update to the unsolicited non-binding “Alternative Acquisition Proposal”  from the unnamed “Strategic Party.” On Jan. 3, the Strategic Party said it would deliver a “binding proposal” by Jan. 22. In lieu of submitting a binding proposal, the Strategic Party delivered the non-binding Updated Strategic Party Proposal, which provides for... Read More
PhotoShelter acquires UK-based Third Light to accelerate leadership in digital asset management Acquisitions 

PhotoShelter acquires UK-based Third Light to accelerate leadership in digital asset management

GaryPageau , , ,
  Digital asset management software maker PhotoShelter announced it has acquired Third Light, a U.K.-based DAM software provider. Terms weren’t disclosed. The acquisition was made in partnership with PhotoShelter’s investor Clearhaven Partners, a Boston-based software and technology focused private equity firm, which invested in PhotoShelter four months ago. PhotoShelter serves more than 1,300 enterprises, brands, sports leagues, universities, and other... Read More
Claranova to redeem minority interest in PlanetArt subsidiary Acquisitions News 

Claranova to redeem minority interest in PlanetArt subsidiary

GaryPageau
Paris, France-based Claranova announced the signing of a binding agreement between its subsidiary PlanetArt LLC and Société Commune Européenne de Participation (“SCEP”), for the redemption of between 25% and 65% of the 7.7% minority interest SCEP holds in PlanetArt. With this transaction, Claranova will have a greater share of PlanetArt’s future performance. Total cash consideration paid out to SCEP from PlanetArt’s... Read More
Albelli, Photobox merge to compete in European photo products market Acquisitions 

Albelli, Photobox merge to compete in European photo products market

GaryPageau , , , , , , ,
  Two of Europe’s biggest names in personalized photo products have combined. albelli (owned by Gilde Buy Out Partners) and Photobox (owned by Exponent), announced a merger creating what it calls a “leading player in the online European Photo Product and Gifting market.” Gilde and Exponent will retain ownership of the combined business together with the management teams of both... Read More
RRD receives unsolicited non-binding cash proposal for $11.00 per share Acquisitions News 

RRD receives unsolicited non-binding cash proposal for $11.00 per share

GaryPageau , , ,
Just when it looked like the bidding war for R.R. Donnelley & Sons Co. (RRD) was won by Chatham Asset Management, the company announced the receipt of an unsolicited non-binding “Alternative Acquisition Proposal” to acquire all of the outstanding shares of RRD’s common stock for $11.00 per share in cash, from an unnamed “Strategic Party”. Under the terms of the Chatham... Read More
Urbanimmersive acquires Agento, IMOTO and RocketPhoto Acquisitions 

Urbanimmersive acquires Agento, IMOTO and RocketPhoto

GaryPageau , ,
Urbanimmersive Inc. announces having completed the acquisition of all the shares outstanding of the real estate photography agency Agento Marketing for a purchase price of $1.2 million, paid through the immediate issuance of 1,518,987 shares of the company at a price of $0.79 per share plus a contingent share payment (earn-outs) totaling up to $600,000 payable in 12 months and... Read More
Not so fast, Atlas: RRD to be acquired by Chatham Asset Management Acquisitions News 

Not so fast, Atlas: RRD to be acquired by Chatham Asset Management

GaryPageau , , ,
After weeks of seesawing back and forth between suitors, R.R. Donnelley & Sons Co. entered into a definitive merger agreement to be acquired by affiliates of Chatham Asset Management, LLC, a private investment firm, in an all-cash transaction with a total enterprise value of approximately $2.3 billion and total equity value of approximately $897 million. RRD also announced it terminated... Read More
Urbanimmersive acquires Virtual Access Tours Acquisitions 

Urbanimmersive acquires Virtual Access Tours

GaryPageau
Quebec-based Urbanimmersive Inc. completed the acquisition of all the limited partnership interests of the New Jersey-based real estate photography agency Virtual Access Tours LP (VAT) for a purchase price of $CAD 961,000 ($449,000 paid in cash and $513,000 paid through the immediate issuance of 585,829 shares of the company at a price of $0.875 per share) plus contingent share payments... Read More
R.R. Donnelley accepts revised Atlas proposal Acquisitions 

R.R. Donnelley accepts revised Atlas proposal

GaryPageau
R.R. Donnelley & Sons accepted a revised proposal from Atlas Holdings affiliates to raise the price per share of their pending acquisition of RRD to $10.35/share in cash, worth about $2.2 billion. Just earlier this month, R.R. Donnelley had stated that the bid from Atlas Holdings’ rival Chatham Asset, was a superior choice. R.R. Donnelley agreed to an amendment to its previously... Read More
Smartphoto group takes over gift-marketer Frucon² Acquisitions News 

Smartphoto group takes over gift-marketer Frucon²

GaryPageau
Smartphoto group NV, the Belguin-based player in personalized e-commerce, came to a final agreement regarding the acquisition of Frucon² NV from entrepreneur Benny Sintobin. Frucon², located in Ardooie, Belgium, is one of the online European market leaders in the sale of personalised gift packages with chocolate, beer, fruit or flowers for companies and consumers, with websites such as Gift.be and... Read More
Picsart to acquire computer vision and AI company DeepCraft Acquisitions News 

Picsart to acquire computer vision and AI company DeepCraft

GaryPageau
Digital creation platform Picsart is acquiring the research and development company DeepCraft for an undisclosed sum. This is Picsart’s second video-based acquisition. Last year Picsart acquired the advanced video effects company “D’efekt,” since rebranded to EFEKT. This is also Picsart’s first acquisition since the announcement of its Series C funding and unicorn status earlier this year. The company said DeepCraft’s “breakthroughs in computer... Read More