Daily Deal Activity 01/21/14

Digital Media/Commerce

classifieds/auctions/p-to-p

Apax Partners has agreed to acquire the remaining 50 percent stake in Trader Media Group, a UK-based website and digital marketplace for motorists, from joint venture partner Guardian Media Group. Terms were not disclosed.

comparison shopping

BankBazaar.com, an India-based financial product comparison platform, received $13 million in funding from Sequoia Capital, with participation from Walden International, bringing the company’s total funding to $19 million. The new capital raised will be used to create brand awareness and launch new products.

ecommerce

BuildDirect.com, a Canada-based online wholesaler of building materials and supplies for flooring and decking, has raised $27 million in Series B funding led by Mohr Davidow Ventures, with participation from BDC Venture Capital. BuildDirect previously raised $33 million across three rounds, bringing its total funding to $63 million to date. The company plans to use the new capital to build out its technology platform and expand its product offerings.

ecommerce

Hotter Shoes, a UK-based footwear manufacturer and retailer, was acquired by Electra Partners for a reported $329.4 million from Gresham Private Equity.

Marketing Technology

bi tools

Coactiva, a UK-based company that provides business intelligence, big data analytics, and corporate performance management SaaS and consulting services primarily for the public sector, was acquired by Callcredit Information Group, which provides online consumer credit reports, Web marketing services, and anti-fraud and anti-money laundering software for consumers and financial institutions.  Terms were not disclosed.

content delivery network

Intel (Nasdaq:INTC) has agreed to sell its Internet-based TV service company, Intel Media to Verizon Communications. The acquisition will enable Verizon to provide next-generation video services. Terms were not disclosed.

content management

XQuire (dba Lex Paradigm), a multi-channel publishing platform designed to help publishers of all sizes create, manage, store, search, discover, re-use and create content in order to drive more revenue from new and existing content, was acquired by software development services company, Yuxi Pacific. Terms were not disclosed.

crm

ClientHouse, a provider of cloud-based CRM solutions for biotech companies, was acquired by Accenture (NYSE:ACN), a company offering SaaS based applications and salesforce.com services. The acquisition will allow Accenture to improve its customer relationships and expand its Salesforce capabilities in Europe.  Terms were not disclosed.

mobile technology, security software

Mobile security company BlueBox Security, has raised $18 million in Series B funding led by Tenaya Capital, Andreessen Horowitz, and SV Angel. The investment will be used to scale sales and marketing. The company has raised a total of $27.5 million in funding to date.

Agency & Marketing Services

branded communications

Mostra, a Belgium-based communications agency, providing public information campaigns and services in Europe, was acquired by ICF International (NasdaqGS:ICFI), a provider of consulting services and technology solutions to government and commercial clients. The acquisition of Mostra will provide strategic communications capabilities that will complement ICF’s policy.

digital agency

South Africa-based Applied Media Logic, provides digital advertising and strategy consulting services, was acquired by France-based Publicis Groupe (ENXTPA:PUB), which offers a range of traditional and digital online advertising services. Terms were not disclosed.

Traditional Media

entertainment media, consumer magazine publisihing, ecommerce, niche content

Media company New Track Media, which engages in the fields of publishing, digital media, broadcasting, video, licensing, merchandising, eCommerce, and events, was acquired by F+W Media, a publisher and marketer of magazines, titles, and books. New Track’s products and services are organized around various special interest subject areas, which include select craft categories, woodworking, and astronomy. The acquisition will add three direct-to-consumer catalog businesses to F+W Media. Terms of the deal were not disclosed. (note, a Petsky Prunier-led transaction).

entertainment media

Roadside Entertainment, a sports and entertainment production company, was acquired by Mandalay Sports Media, a developer and producer of sports content for distribution to film, television, and digital platforms. Terms were not disclosed.

Technology & Communications

enterprise mobility

Telepo, a Sweden-based company that provides enterprise mobility and converged communication solutions for businesses and service providers, was acquired by Aastra Technologies (TSX:AAH), which offers products, systems, and applications for the enterprise communications market. Terms were not disclosed.

infrastructure technology

mindSHIFT Technologies, provides information technology (IT) infrastructure and software services for small and medium-sized organizations, was acquired by Ricoh,  a company that engages in the manufacture and supply of office automation equipment worldwide. Terms were not disclosed.

networking equipment

Fon, a Spain-based WiFi Sharing network, received $14 million in funding led by Qualcomm Ventures, with participation from Index Ventures, Google, Coral, Atomico, and Deutsche Telekom. The new capital brings the company’s total funding to more than $70 million.

Software

application management software

Qubell, a provider of automated application deployment and configuration management for web-scale application, has raised $1.8 million in funding led by Benhamou Global Ventures and Icon Venture Partners.

data management software

NRX, a provider of master data management software and SaaS for asset-intensive companies to create, standardize, and maintain data from their maintenance operations, was acquired by technology holding company HubHead. Terms were not disclosed.

healthcare software, hr software

API Healthcare, a healthcare workforce management software and analytics solutions provider, was acquired by GE Healthcare, a provider of medical technologies and services for a reported $350 million, or 3.5x revenue. With the acquisition of API, GE Healthcare will be able to address a significant portion of hospital operations costs (assets, patients and labor).

healthcare software, financial software

Kareo, a developer of cloud-based practice management and medical billing software for physicians, has raised $29.5 million in funding led by Greenspring Associates, with participation from OpenView Ventures and Silicon Valley Bank. The investment brings the company’s funding to a total of $80.9 million. Kareo will use the new capital to continue to expand its offerings.

security software

Adallom, a provider of security SaaS for enterprise cloud services, has raised $15 million in Series B funding led by Index Ventures, with participation from Sequoia Capital Israel. The investment brings the company’s total funding to nearly $20 million.

security software

Aorato, an Israel-based cybersecurity startup that has developed a directory services application firewall, has raised $10 million in funding led by Accel Partners, Innovation Endeavors, Glilot Capital Partners and individual investors.

information & business services

MagnaCare, a health plan services company offering a broad range of healthcare administrative services, was acquired by an investor group led by Goldman Sachs (NYSE:GS), Pamplona Capital Management from H.I.G. Capital. Terms were not disclosed.

other

consumer magazine publishing

Forbes Media, the leading magazine publisher, is being represented in a potential sale by Deutsche Bank at a rumored target valuation of $400 million.  It is rumored that the company is expecting to receive up to six bids in the $350 to $475 million valuation range by the January, 31 bid deadline.

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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