Deal Snapshot
UK COMPETITION AND MARKETS AUTHORITY CLEARS BLACKBAUD´S ACQUISITION OF UK CHARITY CROWDFUNDING PLATFORM
Wednesday 13 September 2017

The Competition and Markets Authority has cleared South Carolina, US-based cloud software company serving nonprofits Blackbaud, Inc.'s (NASDAQ: BLKB) pending acquisition of UK-based charity crowdfunding platform JustGiving, the CMA said. This deal was announced in June. In July, the CMA announced it was probing the deal.
Blackbaud said that JustGiving will extend its offerings for peer-to-peer fundraising. Under the purchase agreement for the transaction, Blackbaud has agreed to acquire all outstanding equity interests of JustGiving for an aggregate purchase price of BPS 95m (USD 121m), subject to certain adjustments.


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Details
Date Published: 13/09/2017
Target: JustGiving
Country: UK
Deal Size: 121m (USD)
Sector: IT/Online Services
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: Blackbaud, Inc
Comment:
UK CMA clears deal

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