DC Advisory Partners advised Vistaprint on its acquisition of Albumprinter

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DC Advisory Partners advised Vistaprint N.V. (“Vistaprint”, Nasdaq:VPRT), a leading online provider of professional marketing products and services, on its acquisition of Albumprinter BV (“Albumprinter” or “The Company”), one of Europe’s largest online photo book suppliers.

Albumprinter, headquartered in Amsterdam, is one of the leaders in the European online photo book market with operations across 7 European countries. The Company sells online photo books both through a direct-to-consumer model and an indirect model, for which it partners with leading retail stores throughout Europe. The direct-to-consumer online model sells via the brands Albelli, Bonusprint, and Önskefoto. During the trailing twelve months ending September 30, 2011, Albumprinter generated approximately €37 million in revenue.

Vistaprint, Nasdaq listed with a market capitalisation of approximately $ 1.2 billion, offers high-quality printed marketing and promotion products primarily to small businesses as well as consumers. The offering ranges from business cards, brochures and calendars to marketing services such as postcard mailing and website services. With 2,800 employees worldwide and more than 120 countries served, the company generated revenues of $ 817 million in fiscal year 2011 ending 30th June.

This acquisition combines Vistaprint’s strength of a pan-European customer base with Albumprinter’s specialized expertise and technology for the design and production of photo books. “The acquisition provides Vistaprint with a strong footprint in the B2C online photo books market in Europe and significant cross-selling opportunities amongst the existing customer base”, said Tobias Schultheiss, Director in charge of internet related transactions at DC Advisory Partners.

Subject to satisfaction of various closing conditions, Vistaprint will acquire Albumprinter for €60 million in cash, with a further €5 million earn out based on certain financial targets in calendar year 2012.

DC Advisory Partners acted as sole financial advisor to Vistaprint.