Daily Deal Activity 09/30/13

Digital Media/Commerce

classifieds/auctions/p-to-p

Love Home Swap, a UK-based home swap holiday service, has raised just over £1 million ($1.6 million) in funding from existing backer MMC Ventures.

ecommerce

France-based L’Atelier De La Mode, which operates an online fashion designer marketplace, has been acquired for an undisclosed amount by jewelry e-tailer Boticca. With the purchase, Boticca has simultaneously launched French website Boticca.fr, its first non-English language website. The acquisition follows Boticca’s $4 million Series A round led by UK-based MMC Ventures.

ecommerce

Germany-based HelloFresh, an eCommerce meal-prep startup offering grocery delivery services, has raised $7.5 million in funding led by Phenomen Ventures, a Russia-based venture capital firm that focuses mainly on eCommerce investments. The funding will be used to help the company expand into the U.S. market.

ecommerce

DoorDash, which delivers food from 70 restaurants to nearby towns, has raised $2.4 million in a funding round led by Khosla Ventures and Charles River Ventures. The company plans to use the capital to grow its engineering and operations team.

social media/apps

SocialStudio, maker of a mobile social app that enables users to make collaborative videos with friends, has launched the app with $2.7 million in Series A funding from Google Ventures and Trinity Ventures.

Marketing Technology

commerce management, content management, ad network/exchanges, niche content

Vista Equity Partners has announced plans to acquire The Active Network, which provides online tools and data management for events, for $904.8 million. Vista Equity is offering $14.50 a share in cash, a premium of 27 percent from Active Network’s closing stock price on Friday. Based on LTM financials as of June 30, 2013, the deal values The Active Network at 1.8x revenue and 60.5x EBITDA.

content management

Tackk, which offers tools for creating content that combines text, images, audio, and video, has added $1.2 million to its seed funding round. The new funding was led by ff Venture Capital, with participation from previous investors Hatch Partners and Drummond Road Capital. Since launching a year ago, Tackk says it has received 700,000 unique visitors, and its users have used the platform to create photo journals, Craigslist postings, recipes, real estate listings, and more.

email/messaging software

AdStack, which provides a real-time advertising email engagement platform to automatically optimize and manage digital marketing campaigns for agencies, publishers, and advertisers, is being acquired by TellApart, a company offering an integrated suite of marketing solutions that allow marketers to deliver personalized messages in real time across display advertising, Facebook, and directly on a retailer’s website. Terms of the deal were not disclosed.

sfa/lead management

Canada-based Skura, a mobile sales enablement platform provider offering solutions for mobile sales enablement and closed loop marketing, raised $2.9 million in funding from existing investor BEST Funds. The company’s solutions are used to manage and nurture sales representatives’ interactions with clients via the use of technology to organize (calendar), automate (route planning), and synchronize sales activities (pre & post call).

Agency & Marketing Services

digital agency

Spain-based Plenummedia, a digital marketing services firm serving small and medium-sized enterprises, raised $6.5 million in Series B funding Spain-based Seaya Ventures. The company offers Internet marketing, website development, email accounts management, business information management, news publishing, website statistics analysis, and business directory presence services.

Traditional Media

b-to-b media

UBM (LSE:UBM) announced it has agreed to sell its U.K.-based Property Week print magazine and related products to UK-based consumer, business, and travel information publisher Metropolis International. Property Week carries news, features, and analysis focused on the commercial property market. Although UBM did not reveal specific financial terms of the Property Week deal, it did report that the combined cash proceeds from the Property Week sale and the recent divestiture of the channel business—now called the Channel Company—totaled $13.75 million. Metropolis International, based in Croydon, England, is a B-to-B and B-to-C media company with 240 employees. Property Week’s 35 staff members will join Metropolis following completion of the sale.

consumer magazine publisher

Wolseley Private Equity has sold its stake in Australia-based magazine publisher NextMedia to Germany-based Forum Media Group for an undisclosed amount.

Technology & Communications

financial technology

Century Payments, an outsourced sales organization providing payment processing programs for merchants, was acquired for an undisclosed amount by WorldPay US, an electronic payment processing solutions provider. Century Payments’ electronic payment processing products and services help business owners accept various forms of payments, as well as facilitate agreements for large national merchants, including restaurant chains, airlines, hotels, consumer electronics manufacturers, and retailers. Terms of the deal were not disclosed.

financial technology

UK-based Azimo, a social money transfer service that competes with Western Union and Moneygram, has raised just over $1 million in seed funding from the European arm of venture capital firm eVentures. Existing angel investors also participated in the round, including CapitalOne founder Matt Cooper, which brings the company’s total funding to-date to approximately $1.5 million.

Software

collaboration software, communications software

Relayware, a provider of B-to-B collaboration and multi-channel communication solutions, has raised £3.5 million in funding from Albion Ventures. The company has offices in the UK and Silicon Valley. With its comprehensive range of collaborative sales, marketing, learning, and support apps and multi-channel communication tools, Relayware enables networks of partners, resellers, dealers, agents, and influencers to function like extensions of a company’s own sales and marketing teams.

security, data management

DataGuise, a provider of data security intelligence and protection solutions for discovering, masking, analyzing risk exposure, and managing sensitive data for enterprises, has raised $13 million in Series B funding led by Toba Capital, with participation from an unidentified “electronic conglomerate.” The company has now raised a total of $23.5 million.

healthcare software & consulting

Evolent Health, which provides a population health managed services solution, has raised $100 million in Series B funding from TPG Growth, who was joined by return backers The Advisory Board Co. and UPMC Health Plan. In addition to its patient management technology, Evolent Health also sends people-coaches, consultants, and nutritionists to work side-by-side with doctors and nurses as they attempt to implement outcome-based care.

Information & Business Services

market research

Probit Research, a market research firm known for delivering targeted business insights and support for international marketers, has been acquired by global market research firm Radius Global Market Research. Terms were not disclosed. The acquisition extends Radius GMR’s run of steady growth in 2013, following its purchase of Profile Marketing Research earlier in the year, along with its recent expansion in the U.S. operations by opening offices in Chicago, Detroit, and NJ.

staffing

Addison Group, a professional staffing firm, is being acquired by Trilantic Capital Partners from Lake Capital. No financial terms were disclosed. Addison Group provides its staffing services across the Information Technology, Finance & Accounting, Healthcare, and Administration fields. The company’s wholly owned subsidiary, inSync Staffing, specializes in providing staff augmentation services nationally to the expanding VMS/MSP market.

gaming

King.com, a UK-based digital games publisher, has confidentially filed IPO registration documents, according to the NY Times. Lead underwriters are BoA Merrill Lynch, Credit Suisse, and JPMorgan Chase. Shareholders include Apax Partners and Index Ventures.

Other

cloud storage

Nirvanix, a provider of enterprise-class cloud storage services, announced that it is shutting down. The company had raised approximately $70 million in funding from Khosla Ventures, Valhalla Partners, Intel Capital, Mission Ventures, and Windward Ventures.

media planning/buying

Charm Communications (Nasdaq: CHRM), a China-based advertising company, has received a $183 million buyout offer from founder and CEO He Dang. The $4.70 per share offer represents a 17 percent premium to Friday’s closing price, valuing the company at $183 million.

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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