Daily Deal Activity 06/15/15

Digital Media/Commerce

classifieds/auctions/p-to-p

Car Lister, developer of a web application for selling and buying pre-owned cars, has raised $6.5 million in a round of funding from private investors. The company will use the new round of funding for expanding operations nationally.

ecommerce

Ardian has acquired a 40 percent minority stake in Germany-based home and living eCommerce company Chal-Tec. The acquisition will provide Chal-Tec with resource for international expansion. Terms of the deal were not disclosed.

ecommerce         

India-based HomeLane.com, which operates as a marketplace for home décor and fixed furniture, has raised $50 million in a round of funding from Sequoia Capital. The company will use the new round of funding for expanding its footprint geographically.

niche content

UK-based family travel media company Family Traveller has raised $1.2 million in a round of funding from private investors. The company will use the new round of funding for enhancing user experience, growing its online audience, and attracting commitments from advertisers.

Digital Advertising

comparison shopping

Consumer insurance advice and shopping platform PolicyGenius has raised $5.3 million in Series A funding from Karlin Ventures, Susa Ventures, AXA Strategic Ventures, and Transamerica Ventures. The company will use the new round of funding for strengthening its existing product line and scaling its marketing and production teams.

Marketing Technology

crm

Cox Automotive will acquire automotive retail industry solutions provider Dealertrack Technologies for $4.3 billion. The acquisition represents 4.5x revenue, and the acquisition provides Cox Automotive with enhanced dealer, lender, and manufacturer platform capabilities.

market research

Germany-based mobile survey startup Dalia Research has raised an undisclosed amount of funding led by Wellington Management with participation from WestTech Ventures. The company will use the new round of funding for expanding its data science and engineering team while increasing its reach into emerging economies.

mobile technology

UK-based mobile messaging and engagement solutions provider Acision will be acquired by Comverse (Nasdaq:CNSI) for an estimated $210 million from Access Industries, Atlantic Bridge Capital, and HarbourVest Partners. The acquisition provides Comverse with increased scale in the digital services sector. Further terms of the deal were not disclosed.

mobile technology

SaaS-based mobile point-of-sales solutions provider Lavu has raised $15 million in Series A funding from Aldrich Partners. The company will use the new round of funding for expanding its product line and extending its services footprint geographically.

website creation/hosting

Canada-based hosting services provider Intelligent Group has raised an undisclosed amount of funding from Waterland Private Equity. The company will use the new resources for expanding internationally and scaling operations while focusing on enhancing its outsourced hosting capabilities.

Traditional Media

b-to-b media       

BNP Media has acquired architecture magazine Architectural Record and other architecture and engineering magazines from Dodge Data & Analytics. The exit terminates Dodge Data & Analytics’ connection with traditional media as the company looks to focus on building out its business intelligence solutions for the engineering community. Terms of the deal were not disclosed.

digital place-based media               

China-based private equity fund Beijing Longde Wenchuang Management will acquire a 75 percent stake in the Advertising Business of AirMedia Group for $338 million. Further terms of the deal were not disclosed.

Software

financial

CRW Systems, a provider of community development solutions for government agencies, has been acquired by SunGard Public Sector. The acquisition provides SunGard with enhanced planning management and public sector technology. Terms of the deal were not disclosed.

healthcare

Medical practice software developer Aledade has raised $30 million in Series B funding from ARCH Venture Partners and Venrock. The company has raised $35 million to date and will use the new round of funding for building out its patient care management platform.

hr

Contractor Management Services, a provider of compliance software and payment settlement services for independent contractors, has been acquired by Riverside Partners. The acquisition will enhance the capabilities of Contractor Management Services’ as the company looks to scale operations. Terms of the deal were not disclosed.

hr

Zane Benefits, developer of individual health insurance reimbursement software for small businesses, has raised $1.5 million in a round of funding from Kickstart, Royal Street Investment, and Innovation Center. The company will use the new round of funding for developing the capabilities of its software platform.

legal

International eDiscovery services provider HAYSTACKID will acquire managed services provider and litigation discovery solutions provider FLEX Discovery. The acquisition expands HAYSTACKID’s managed services portfolio while providing it with new vendor relationships. Terms of the deal were not disclosed.

Business Services

it consulting

Systems integration services provider Maplesoft Group has been acquired by SOMOS Consulting, a provider of management consulting and training services for product development companies for $15.7 million. The acquisition provides SOMOS Consulting with increased vendor and client arrangements. Further terms of the deal were not disclosed.

training

Brazil-based online classroom operator Descomplica has raised $7 million in Series C funding from Amadeus Capital Partners with participation from Social + Capital, Valor Capital Group, and Valar Ventures. The company has raised $14 million to date and will use the new round of funding for developing new content and expanding its range of products.

training

Healthcare online continuing education programs provider Emergency Certifications has been acquired by online training program provider Career Step. The acquisition expands Career Step’s portfolio of services with extended certification programs. 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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