Permira’s The Knot Worldwide has struck a deal to acquire wedding platform Zola, according to PE Hub.
PE Hub categorized the item under “Consumer goods” and tagged it “US” and “Consumer goods,” according to PE Hub.
Buyer and target
The acquirer in the deal is The Knot Worldwide, which PE Hub identified as “Permira’s The Knot Worldwide,” according to PE Hub.
The target is Zola, which PE Hub described as a “wedding platform,” according to PE Hub.
Zola platform usage and features
Zola has operated for 13 years, according to PE Hub.
Zola said more than 2 million couples have used its platform, according to PE Hub.
PE Hub reported that Zola said couples have used its platform to book venues, design save-the-dates and set up gift registries.
Publication details
The post “Permira’s The Knot Worldwide strikes deal to acquire wedding platform Zola” appeared first on PE Hub, according to PE Hub.
The PE Hub item was attributed to “PE Hub Staff” and was posted “2 hours ago,” according to PE Hub.
Deal terms
PE Hub reported that The Knot Worldwide struck a deal to acquire Zola, and PE Hub did not provide financial terms in the text shown.
Widely-known context: “struck a deal to acquire” typically indicates an agreement between the parties prior to closing.
Widely-known context: M&A deal announcements often omit deal value when terms are not disclosed publicly.
