Daily Deal Activity 08/05/13

Digital Media/Commerce

ecommerce

DwellStudio, a lifestyle retailer specializing in modern home furnishings, was acquired by Wayfair.com, an online retailer of home furnishings and décor. No financial terms were disclosed. Wayfair has raised more than $200 million in funding from firms that include Battery Ventures, HarbourVest Partners, Great Hill Partners, and Spark Capital.

ecommerce

IfOnly, a charitable marketplace for experiences with popular athletes, cooking, and entertainment professionals, has launched with $3 million in funding from individual investors.

gaming

Sneaky Games, a social game studio developing games on Web, social, and mobile platforms, has been acquired for $6.1 million by Zattikka (AIM:ZATT), which develops and publishes interactive games for social networks, tablets, mobile devices, Web browsers, and other Internet connected devices. Sneaky Games reported 2012 revenues of $0.5 million.

niche content

Android-Apps.com, which operates as Android app reviews, ratings, and informational website, was acquired by Android app developer Thor Media for $1.2 million. Android-Apps.com It currently has over 220,000 active android apps, over 5,000 highly detailed Android app reviews, up-to-date Android news, and 100’s of Android devices.

Digital Advertising

digital video

Grab Media, a video syndication and advertising platform operator, has been acquired by Blinkx (AIM: BLNX), a UK-based video search engine, for an undisclosed amount of cash. Grab Media had raised over $34 million in funding from Court Square Ventures, Longworth Venture Partners, SCP Worldwide, and SoftBank Capital.

Marketing Technology

online targeting/optimization

Ronin Solutions, which provides digital marketing and ad targeting solutions to car dealerships, was acquired by Pure Auto (dba Pure Cars), a company offering online value reports on used cars and trucks. Terms were not disclosed.

social technology, loyalty/retention

ProfitPoint, a provider of gift card and loyalty platforms for merchants, has been acquired by Clutch, a mobile commerce company focused on the convergence of e-gifting, loyalty programs, and merchant rewards. Clutch has also closed a $5.3 million Series B financing round led by Safeguard Scientifics (NYSE:SFE). The funds will primarily be used for further development of the Clutch mobile commerce platform, including its B-to-B offering, which the company will release later this year.

Traditional Media

b-to-b media

Cygnus Business Media’s agricultural events and publications have been acquired by The American Farm Bureau Federation. The purchase includes five farm shows: Minnesota Farmfest, Dakotafest, Amarillo Farm and Ranch Show, Northern Illinois Farm Show, and the IDEAg Interconnectivity Conference. Terms were not disclosed.

newspaper publishing

The Washington Post Company (NYSE:WPO) has announced that the company reached an agreement to sell its newspaper publishing business to Amazon founder and CEO Jeff Bezos for $250 million. In addition to acquiring the Washington Post itself, Bezos is also buying the Express newspaper, The Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino, and Greater Washington Publishing. Slate magazine, TheRoot.com, Foreign Policy, Kaplan, Post–Newsweek Stations, Cable ONE, and other parts of the business will be remaining with the Washington Post company. Since it has sold off its namesake newspaper, the company will be changing its name to a yet-to-be-announced title.

newspaper publishing

The New York Times (NYSE: NYT) has agreed to sell The Boston Globe to Boston Red Sox owner John Henry for $70 million in cash. The deal also includes all of the Globe’s digital properties (including Boston.com), plus the Worcester Telegram & Gazette and a 49 percent stake in the Metro Boston paper. The New York Times originally paid $1.1 billion to buy the Boston Globe in 1993.

newspaper publishing

Newsweek, which owns and operates an online news site, has been acquired by International Business Times, a publisher of online business newspapers, from IAC/InterActiveCorp (NasdaqGS:IACI). IBT Media has agreed to buy Newsweek‘s brand and online operations, leaving its sister publication The Daily Beast with IAC. Following the transaction, Newsweek will return to the newsweek.com site. Terms were not disclosed.

yellow pages, local search

The Black Book directories have been acquired by The Berry Company, a provider of local online, search, video, and print solutions, from The Baltimore Sun. The Berry Company plans to bring more advanced solution to The Black Book’s online platform through the integration of SnapTag technologies, which offer more flexibility and customization to online business listings.

Technology & Communications

internet services provider

Australia-based Adam Internet, an Internet services provider servicing residents, businesses, and government departments, has been acquired for AUD $60 million ($53.4 million) by Australia-based phone and Internet services provider iiNet (ASX:IIN). Adam has forecasted 2014 revenue of AUD $55 million ($49 million) and EBITDA of AUD $11.5 million ($10.2 million).

Software

UK-based Digital Healthcare, a provider of image management and storage solutions for the Opthalmology sector, has been acquired at an enterprise value of $4.7 million by UK-based EMIS Group (AIM:EMIS), which develops computer software and systems for healthcare professionals, principally general practitioners, and pharmacists. Digital Healthcare’s principle area of business is providing information solutions and professional services to implement, manage, and support systematic population based screening programs. The company reported $5.5 million in revenue for the LTM period ending Sep 30, 2012.

healthcare

Dental practice software company Mercer Mastery, which operates as a unit of Mercer Advisors, is being acquired by Patterson Companies, a provider of consumable dental supplies, dental equipment, and software solutions. Through the acquisition, Patterson will gain Mercer’s proprietary cloud-based business intelligence software system, OnTrack, which allows dentists to choose growth targets for their practice.

Information & Business Services

bpo

Nair & Co., a UK-based provider of outsourced back-office solutions for companies expanding into international markets, was acquired by HgCapital. No financial terms were disclosed. Nair & Co. provides a tailored solution for fast growing companies that are looking to expand into international markets, but do not have the technical or administrative expertise to do so.

management consulting

(6/3/2013) ATC Group, which offers management, trustee, domiciliation, administration, and reporting services for international corporate groups, financial institutions, and entrepreneurs, sold a 61.7 percent equity stake to HgCapital for an enterprise value of €303 million ($396.4 million). ATC Group offers local footprint services in the areas of resident directors, management, local bookkeeping, cash management, and payroll; and domiciliation, management, accounting and legal compliance, and escrow services.

market research

Multimedia Research Group (MRG), a media and technology research firm, has been acquired by SNL Kagan. MRG offers analytics and industry intelligence on the video and media ecosystem in markets, with a focus on pay-TV, OTT video, and multiscreen. Terms of the deal were not disclosed.

About Petsky Prunier
Petsky Prunier is one of the leading investment banks in the technology, media, marketing, eCommerce, and healthcare industries. Our firm's mergers and acquisitions and private placements advisory services reflect a unique blend of product specialization and industry expertise. Together with strategic consulting firm Winterberry Group, a Petsky Prunier company, our organization represents one of the largest industry-specific advisors providing strategic and transactional services. In addition, we offer international reach through our partnership with investment bank Altium, which operates from nine offices across Europe. Securities transactions are processed through Petsky Prunier Securities LLC, a member of FINRA and an affiliated entity.

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