Photobox bolts on Poster XXL

The acquisition was financed by an extended debt facility, provided by Barclays Bank, RBS and Santander. The investors did not inject new capital. 

Besides Photobox, a homepage where customers order their photo prints online, the Photobox Group comprises four other businesses: Moonpig, Paper Shaker, Sticky 9 and Hofmann, all providing online printing services. This makes Poster XXL the sixth outlet, with its products matching the group's service profile.

Photobox's last acquisition prior to the deal was Spanish photobook company Hofmann in December 2014, after securing a revolving credit facility to finance M&A deals in June 2014.

Photobox is backed by a consortium of investors, with the most recent additions being Insight, Quilvest and Greenspring. The group planned to list in a £500m IPO in 2014, but these plans were subsequently shelved. 

Company
Founded in 2004 and based in Munich, Poster XXL is an online retailer of personalised prints, employing 200 staff. The company produces items such as posters, canvas prints and framed prints. It mainly operates in Germany and Austria, but is also selling to customers in France and the Benelux countries.

Poster XXL reported revenues of €39m and an EBITDA of €8m in 2014/2015.

People
Stan Laurent is chief executive officer of Photobox. Christian Schnagl is the founder and CEO of Poster XXL.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Consumer
• Expansion
• Germany