Deal: Allens has advised its client Canva on its acquisition of stock photography company Pexels Cmbh.

Value: Undisclosed

Area: M&A, Corporate

Key players: Senior associate Dominic Anderson led the transaction for Allens, with support from partner Mark Malinas and senior associate Jay Prasad.

Deal significance: According to Allens, Pexels is one of the world’s largest free stock content websites and receives more than 9 million visits a month.

The firm advised on all aspects of the transaction, including transaction documentation and structuring.

A statement noted that Allens worked alongside Linklaters “to manage and advise on the German law elements of the transaction”.

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Mr Anderson called Canva “a true success story in the Australian scaleup world”.

“This transaction will enable Canva to move into an exciting new space with the addition of a subscription model for stock photography to its existing product portfolio,” he said.

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