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Announced

Completed

1-800-FLOWERS.COM completed the acquisition of SmartGift.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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gift-based ecommerce

E-commerce

United States

Acquisition

Domestic

Private

Majority

Completed

Friendly

Single Bidder

Synopsis

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1-800-FLOWERS.COM, a provider of e-commerce business platform that features family of gift brands, completed the acquisition of SmartGift, a growing gift-based ecommerce and data platform used by retail brands and consumers to make every gift perfect. Financial terms were not disclosed. "We have been providing enterprises, their customers, and employees a seamless and smart experience to celebrate people at the right moment with the right gift and the right message. Our close collaboration with 1-800-FLOWERS.COM, Inc. has brought to market the best-in-class capabilities for companies to engage their communities and spread positive culture," Monika Kochhar, SmartGift Founder.

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