Daily Deal Activity 09/02/16

Digital Media/Commerce

ecommerce, mobile content/apps

Germany-based movie tickets app MobyTick has been acquired competitor CineApp. The acquisition will provide CineApp with an expanded network for independent movie theaters. Terms of the deal were not disclosed.

gaming

Fantasy sports company DraftKings has raised $150 million in a round of funding from Revolution Growth. The company will use the new round of funding for marketing initiatives. Valuation was not disclosed.

gaming

Mobile games developer Moqikaka.com will be acquired by China-based telecommunications company Fuchun Communications for $157.2 million. The acquisition provides Fuchun with an expanded gaming portfolio. Moqikaka.com financial information was not disclosed.

gaming

Virtual reality gaming startup Polyarc has raised $3.5 million in a round of funding led by UCCVR with participation from Colopl VR and Vulcan Capital. The company will use the new round of funding for expanding headcount.

gaming

UK-based video games publisher and developer Team17 has raised $21.8 million in a round of funding from LDC. The company will use the new round of funding for expanding its existing gaming portfolio with new title releases.

mobile content/apps

Caller ID and spam blocking app developer True Contact has been acquired by Appsbuyout. The acquisition will provide True Contact with the resources for expanding its user base. Terms of the deal were not disclosed.

niche content

Australia-based car reviews and advice site CarAdvice.com has been acquired by Nine Entertainment for $22.7 million. The acquisition provides Nine Entertainment with an expanded presence in the automotive market. CarAdvice.com financial information was not disclosed.

digital advertising

affiliate/cpa network

Affiliate technology developer Income Access Group has been acquired by payment solutions company Paysafe for $30.5 million. The acquisition provides Paysafe with expanded performance marketing offerings for payment providers. Income Access Group financial information was not disclosed.

Marketing Technology

content delivery network

Video streaming technology developer Bitmovin has raised $10.3 million in Series A funding from Atomico and private investors. The company will use the new round of funding for product development initiatives.

crm, email services

Zeta Interactive has raised $45 million in debt funding from FS Investment, GSO Capital Partners, Cerberus Capital Management, and PNC Bank. The capital was raised in conjunction with the closing of company’s acquisition of Acxiom Impact (A Petsky Prunier-led transaction).

agency & Marketing Services

loyalty/retention

UK-based customer engagement and employee incentives company The Grass Roots Group has been acquired by Blackhawk Network (Nasdaq:HAWK) for $118 million. The acquisition provides Blackhawk with expanded international presence. The transaction represents approximately 8.2x Grass Roots Group’s 2016 adjusted EBITDA.

Software

financial

Iatai Enterprises, a developer of technology solutions for the insurance industry, has raised $5 million in a round of funding from Caseif. The company will use the new round of funding for expanding its presence internationally.

healthcare

Australia-based medication management platform HealthNotes will be acquired by competitor MedAdvisor for $5.5 million. The acquisition will provide MedAdvisor with an expanded domestic presence. HealthNotes financial information was not disclosed.

business services

bpo

Legal services, document, and research outsourcing company Integreon has been acquired by NewQuest Capital Partners. The acquisition provides Integreon with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

hr consulting

Employee benefits consulting firm Benefits Advisory Group has been acquired by Marsh & McLennan Agency. The acquisition will see the company integrated into Marsh’s Benefits Advisory division. Terms of the deal were not disclosed.

it consutling

UK-based DevOps consultancy Forest Technologies has been acquired by IT services firm ECS. The acquisition provides ECS with an expanded enterprise customer base. Terms of the deal were not disclosed.

logistics

Australia-based freight forwarding and logistics company APC Logistics has been acquired by C.H. Robinson Worldwide for $225 million. The acquisition provides C.H. Robinson with an expanded international presence for eCommerce-related shippers. APC Logistics financial information was 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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