April 19, 2024
Translink corporate finance in the United Kingdom are proud and privileged to have advised the Shareholders of Nottingham-based Serif, the creators of the award-winning creative software suite Affinity for professional photo editing, illustration, graphic design and page layout on the acquisition by Canva, the world’s only all-in-one visual communication platform.
This strategic acquisition significantly bolsters Canva’s vision to build the world’s most comprehensive suite of visual communication tools. Whilst the last decade has seen rapid growth for Canva amongst the 99% of knowledge workers without design training, the integration of Affinity’s professional design software now unlocks the full spectrum of designers at every level and stage of the design journey. Further to this, it signifies Canva’s commitment to continuous improvement and expansion, empowering its global community of over 40 million users with creative design solutions.
Affinity stemmed from a vision to empower designers to produce high quality content in an effective and affordable way. In 10 years, the Affinity suite of creative products has become beloved and renowned for delivering powerful experiences for professional designers. This includes offering extremely fast and highly responsive tools which deliver on all the photo and vector editing tasks required by professionals.
This transaction marks a significant milestone for Affinity, a testament to their innovative vision and the ground-breaking potential of their creative graphics software. Canva will continue to invest in the Affinity suite to ensure it not only meets the needs of professional designers, but also enhances their experiences and empowers them to do their best work.
Amanda Betts of Provantage Corporate Finance, a proud member of Translink Corporate Finance, said, “We are elated to have played a pivotal role in facilitating this transformative partnership for a local gem, Serif. This innovative Nottingham company has been quietly leading the way in creative software since 1987 and is a huge local success story. This acquisition puts them on the global stage and allows them to share their remarkable technology with the world, showcasing the depth of talent and innovation brewing right here in our own backyard.”
This acquisition transcends a simple sale; it represents a strategic leap forward for Affinity. Together, Canva and Affinity will be a powerhouse combination built to supercharge the goals of every type of designer. Translink extends a heartfelt congratulations to the entire Affinity team on this remarkable achievement. The team looks forward to witnessing their commitment to innovation as they embark on this exciting new chapter alongside Canva.
Gary Bates, Founder of Serif Group, said, “We’re thrilled about this transaction and the transformative possibilities it opens up for Affinity. Our heartfelt thanks go out to Provantage for their unwavering determination, expertise, and dedication in supporting this transaction within a challenging timeframe.”
Contact our Team Members advising in this transaction:
Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Translink Corporate Finance in the UK has seven offices in Birmingham, Edinburgh, Leeds, Leicester, London, Nottingham and Sheffield. The highly experienced team comprises of 30 M&A professionals, including ten partners has a successful track-record of completing domestic and international M&A transactions across a variety of sectors.
Mergers & Acquisition, Translink’s affiliate in Australia, is a national, boutique corporate advisory firm specializing in business sales from Euro 3-130 million. Mergers & Acquisitions has an outstanding track record of success in completing transactions, having sold hundreds of Australian businesses to local and international buyers over 30 years.