Daily Deal Activity 12/14/15

Digital Media/Commerce

classifieds/auctions/p-to-p

Property trading company Love Home Swap has acquired its competitor HomeForExchange. The acquisition will provide Love Home Swap with and expanded international presence. Terms of the deal were not disclosed.

ecommerce

India-based furniture marketplace CapriCoast has raised $3.5 million in Series A funding from Accel Partners and RB Investments. The company will use the funding for expanding its sales and marketing teams while building out its platform.

ecommerce

China-based online-to-offline home renovation startup iKongJian has raised $21 million in Series B funding led by Greenwood Investment Management with participation from Share Capital and Shunwei Capital. The company will use the funding for expanding the quality of its services.

mobile content/apps

South Korea-based mobile apps and internet services company Yello Mobile has raised $47.2 million in debt funding at a reported valuation of $4 billion from Formation 8. The company will use the funding for expanding audience numbers for its entertainment services.

niche market

EdSurge, operator of a site for information on education technology, has raised $2.8 million in a round of funding from Catamount Ventures, GSV Capital, Reach Capital, and LearnCapital. The company will use the funding for expanding beyond the K-12 market.

Digital Advertising

local search

Medical booking platform operator Doctena has raised $5 million in a round of funding from private investors. The company will use the funding for expanding internationally while focusing on building out its sales team.

Marketing Technology

analytics & targeting, market resarch

Experian will sell its traffic measurement company Hitwise to eCommerce company Connexity and its marketing information and consumer usage database arm Simmons to Symphony Technology Group, the private equity group that owns Connexity, for $46.5 million. The transactions coincide with Experian’s shift toward focusing on its credit reports and credit ratings businesses.

market research

Mobile market research and analytics company RealityMine has raised $17.3 million in a round of funding led by Kennet Partners with participation from GMCA. The company will use the funding for building out its cross-platform measurement capabilities.

mobile technology

Eventbase Technology, developer of a mobile technology platform for events, has raised $6 million in a round of funding from Madrona Venture Group. The company will use the funding for expanding operations.

Agency & Marketing Services

digital agency

Next Fifteen will acquire UK-based digital agency ODD London for $5.7 million. The acquisition coincides with Next Fifteen’s acquisition strategy as the company looks to expand operations in the US and UK. Further terms of the deal were not disclosed.

marketing consulting

Pamlico Capital has acquired peer-to-peer networking company World 50. The recapitalization provides World 50 with the resources for expanding within the peer networking space. Terms of the deal were not disclosed.

public relations

Public relations firm PAN Communications will acquire technology public relations agency Vantage PR. The acquisition provides PAN Communications with an expanded domestic presence. Terms of the deal were not disclosed.

Traditional Media

newspaper publishing

News + Media Capital Group has acquired the Las Vegas Review-Journal for $140 million from New Media Investment Group (NYSE:NEWM). The acquisition provides New Media with an expanded local outlet portfolio. The acquisition represents 7x Las Vegas Review-Journal’s LTM pro-forma adjusted EBITDA.

newspaper publishing

Alibaba will acquire China-based newspaper publisher South China Morning Post for $266 million. The acquisition provides Alibaba with an expanded domestic reporting portfolio. The deal represents a reported 12x SCMP earnings.

Software

cloud computing

Multi-cloud monitoring solutions provider Cloudyn has raised $11 million in Series B funding led by Carmel Ventures with participation from Titanium Investments. The company will use the funding for product development efforts.

security

Cybersecurity company LookingGlass Cyber Solutions has raised $50 million in a round of funding from Newspring Capital. The company will use the funding for acquiring online threat intelligence company Cyveillance from QinetiQ for $35 million. Further terms of the deal were not disclosed.

security

Online payments identity verification solutions provider Trulioo has raised $15 million in a round of funding from American Express Ventures, BDC Capital, Blumberg Capital, and Tenfore Holdings. The company will use the funding expanding its sales and infrastructure teams.

Information

healthcare information

Iasist, a provider of clinical information solutions to healthcare providers, has been acquired by IMS Health. The acquisition provides IMS Health with an expanded economic information offering. Terms of the deal were not disclosed.

Business Services

healthcare consulting

Employee care management programs provider Edumedics has raised $4.2 million in a round of funding led by Lunsford Capital with participation from OCA Ventures. The company will use the funding for expanding operations.

healthcare consulting

RiverMend Health, a provider of behavioral health consulting services, has raised $60 million in a round of funding from Norwest Venture Partners. The company will use the funding for expanding into new markets domestically.

it consulting/systems integration

IT consulting solutions provider SIGMAnet has been acquired by communications and data company ConvergeOne. The acquisition provides ConvergeOne with an expanded customer base. Terms of the deal were not disclosed.

logistics

India-based meal delivery logistics service Yumist has raised $2 million in a round of funding led by Unilazer Ventures with participation from private investors. The company will use the funding for expanding its presence domestically.

training

Professional development training programs developer Mazlo has raised $10 million in a round of funding from Polaris Partners. The company will use the funding for launching additional programs while focusing on building out its platform.

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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