Snapfish
About Snapfish
Company overview
Snapfish is a personalized photo-based products company founded in 1999 by Shripati Acharya, Raj Kapoor, and Suneet Wadhwa, with its headquarters located in San Jose, California. Initially launched under the code name "Project Skytalk" before settling on Snapfish.com Corporation, the company aimed to lead the migration to digital photography by offering online photo sharing and printing services. Snapfish has undergone several ownership changes, starting with its acquisition by District Photo in 2001, followed by a sale to Hewlett-Packard (HP) in 2005. In 2015, District Photo re-acquired the company from HP. Most recently, in early 2020, Apollo Global Management completed an acquisition of Snapfish and merged it with its rival, Shutterfly, into a single entity, though both brands continue to operate. Business/Product Breakdown Snapfish operates a web-based platform and mobile application that allow consumers to upload, store, and transform digital photographs into a variety of personalized physical products. Its core offerings include high-quality photo prints in various sizes, custom photo books, and a wide selection of personalized cards and invitations for occasions such as weddings, graduations, and holidays. The company also provides an extensive range of photo-based home décor and gifts, including canvas prints, photo tiles, fleece blankets, throw pillows, ceramic mugs, and ornaments. Snapfish utilizes intuitive design tools and templates that enable users to customize items with text and embellishments without specialized design experience. To enhance customer convenience, the company offers same-day pickup services for select items through retail partnerships with CVS and Walgreens.
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
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