Cewe announces the acquisition of Cheerz, the fast-growing European leader in online photo printing with a focus on mobile consumers, for an enterprise value of 45 million euros.
Clipperton advises a blue-chip German client on a French acquisition, leveraging his pan-European footprint. Consumer Internet is more than ever a key focus for Clipperton and this transaction strengthens its expertise in the field.
This acquisition is the third deal for Clipperton in the space of online photo printing, following the sale of Photoweb to Exacompta-Clairefontaine and the subsequent acquisition of Lalalab by Photoweb.
