Daily Deal Activity 08/27/12

Acquisitions:

Kenexa (NYSE:KNXA), a provider of on-demand human resources software, was acquired for $1.26 billion in cash by IBM (NYSE:IBM). The transaction gives Kenexa an enterprise value of $1.2 billion, and a valuation of 3.8x revenue and 45.2x EBITDA. The purchase will help IBM bring data and expertise to business leaders within departments such as sales and marketing, product development, and human resources. IBM expects the transaction to close in the fourth quarter of 2012.

Thoma Bravo has agreed to acquire Deltek (NasdaqGS:PROJ), a provider of enterprise software and information solutions for professional services firms and government contractors, for $890 million. The deal gives Deltek an enterprise value of $1 billion, valuing the company at 2.9x revenue and 17.8x EBITDA. Sellers include New Mountain Capital.

TMW Systems, a provider of enterprise software to transportation and logistics companies, was acquired for $335 million in cash by Trimble Navigation (NasdaqGS:TRMB), a provider of positioning, wireless, and software technology solutions, valuing the company at 3.5x revenue. TMW Systems was sold by Pamlico Capital.

Reports have confirmed IAC/InterActiveCorp’s (NasdaqGS:IACI) $300 million acquisition of About.com from the New York Times (NYSE:NYT). The deal is expected to close in the next several weeks. The New York Times had acquired the company, which offers a network of articles written about specialty topics ranging from personal finance to pets, in 2005 for $410 million.

Digital design firm Hon Marketing (nka Hon Digital), was acquired by technology PR agency Clement Communications. Hon Digital will collaborate with Clement on market research, Website design, digital, content marketing, and other services to help brands engage consumers. Terms were not disclosed.

Investments:

Germany-based Delivery Hero, which operates a food ordering and delivery platform, raised $50 million in Series D funding from Kreos Capital and return backer Kite Ventures. Over 22,000 restaurants are in the company’s network, and the funding will go toward adding more, as well as delivering in new markets around the world.

Nasty Gal, a fashion eCommerce company for girls and young women, raised $40 million in Series B funding from existing investor Index Ventures. As part of the financing, Danny Rimer of Index Ventures will join the company board. The funding, which brings the company’s total investment to date close to $50 million, will allow Nasty Gal to further invest in technology, operations, manufacturing, and creative production as the company prepares to expand its global footprint.

U.K.-based Shutl, which operates a platform that connects retailers to local same-day courier companies, raised $2 million in funding from UPS Strategic Enterprise Find, and existing investors Hummingbird Ventures and GeoPost. The company will use the investment to expand its team, acquire new retail partners, and prepare to launch its service in the U.S. in early 2013. The Shutl platform enables online and in-store customers to receive their shopping within as little as 90 minutes.

Loyalty rewards company UsingMiles, which offers services that enables users to track miles or rewards from multiple loyalty programs, sold a three percent stake for $0.25 million to TMT Investments. The investment gives the company an enterprise value of $8.3 million. For 2011, UsingMiles’s unaudited loss before taxes amounted to just over $2.3 million. This funding round brings the company’s total investments to nearly $3 million.

Aerospike (fka Citrusleaf), a provider of a real-time NoSQL database, raised an undisclosed amount of Series B funding led by New Enterprise Associates, with participation from return backers Draper Associates and Alsop Louie Partners. Aerospike’s NoSQL database is designed to handle problems with scalability, speed, and stability that come when trying to analyze and query large data sets. It’s typical customers are in the digital advertising market.

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