Daily Deal Activity 09/08/16

Digital Media/Commerce

ecommerce

France-based eCommerce websites operate Vente-privee has acquired Denmark-based eCommerce website Designers & Friends. The acquisition provides Vente-privee with an expanded presence in Scandinavia. Terms of the deal were not disclosed.

ecommerce

India-based auto repair and maintenance platform Stepni has been acquired by Quikr. The acquisition will provide Quikr with expanded offering for its QuikrCars division. Terms of the deal were not disclosed.

social media/apps

Photo sharing social network Camarilla has raised $3.3 million in a round of funding from Amerborgh. The company will use the new round of funding for building out new privacy capabilities while focusing on monetization efforts.

digital advertising

local search

Apartment rental discovery app Skylight has been acquired by property management company Common. The acquisition will provide Common with an expanded audience base. Terms of the deal were not disclosed.

vertical search

Ireland-based career marketplace Jobbio has raised $5.6 million in a round of funding from NJF Capital and Balderton Capital. The company will use the new round of funding for expanding its presence within the US and Europe.

Marketing Technology

crm

Sales productivity solutions company Octiv has raised $4.8 million in a round of funding led by GE Ventures with participation from Greycroft Partners, High Alpha Capital, and Allos Partners. The company will use the funding for expanding its engineering division.

email/messaging software

HeyWire, a provider of b-to-c messaging solutions, has been acquired by Salesforce. The acquisition will see HeyWire integrate its text messaging apps into the Salesforce platform. Terms of the deal were not disclosed.

product/price software

France-based retail product information solutions company Alkemics has raised $22.5 million in a round of funding led by Cathay Capital and Serena Capital with participation from Index Ventures, Partech Ventures, and SEB Alliance. The company will use the funding for expanding sales efforts in Europe.

sfa/lead management

SaaS-based telecom industry customer prospecting platform Connected2Fiber has raised $1.1 million in a round of funding from Nauta Capital. The company will use the new round of funding for expanding within the telecom industry.

agency & Marketing services

general agency

Media planning and print procurement agency RD&F Advertising has been acquired by Ivie & Associates. The acquisition provides Ivie & Associates with an expanded geographic presence. Terms of the deal were not disclosed.

traditional media

Liberty Media will acquire Formula 1 from CVC Capital Partners for a reported $4.4 billion. The acquisition will see Liberty Media pay an initial $746 million for an 18.7 percent minority stake with the deal valuing Formula 1 at approximately $8 billion. Formula 1 financial information was not disclosed.

Software

application management, big data

UK-based Micro Focus will acquire Hewlett Packard Enterprises’ Software business in a transaction valuing the division at $8.8 billion. The acquisition will see HPE’s Software business own 50.1 percent of the new company, and upon completion of the transaction will pay HPE $2.5 billion in cash. HPE’s Software business has revenues for the year ended April 30th of $3.2 billion and EBITDA of $660 million, representing a 2.8x revenue multiple and an 11.4x adjusted EBITDA multiple.

erp

Spain-based retailer inventory management solutions developer Nextail has raised $1.6 million in a round of funding led by Nauta Capital with participation from Realiza. The company will use the new round of funding for expanding its presence domestically.

financial[

PriceMetrix, a developer of SaaS-based solutions for retail wealth management firms, has been acquired by McKinsey & Company. The acquisition will see PriceMetrix integrated into McKinsey’s Wealth and Asset Management Practice. Terms of the deal were not disclosed.

healthcare

Medical supply chain solutions company Cohealo has raised $2 million in a round of funding from Romulus Capital.  The company will use the new round of funding for expanding operations and hiring talent.

security

TPG Capital will acquire a 51 percent majority stake in Intel’s Security Software business for $3.1 billion in cash. As part of the deal, Intel Security will revert to the name McAfee and will see TPG invest a further $1.1 billion into the company. McAfee has reported first half 2016 revenues of $1.1 billion. Intel originally acquired McAfee in 2010 for $7.7 billion.

security

Authentication solutions and security company Intensity Analytics has raised $5 million in a round of funding from undisclosed investors. The company will use the new round of funding for product development efforts.

security

Information security solutions company RSA Security has been acquired by Dell. The acquisition will see RSA operated independently with an expanded international sales presence. Terms of the deal were not disclosed.

security

Cybersecurity infrastructure-as-a-service company Zenedge has raised $6.2 million in a round of funding led by Pilot Growth Equity with participation from Telus Ventures. The company will use the funding for expanding its presence internationally.

software development tools

Google will acquire API management platform Apigee (Nasdaq:APIC) for $625 million. The acquisition of $17.40 per Apigee share represents a 6.5 percent premium over the company’s September 7th closing price. Apigee has reported LTM revenues of $85.6 million, or 5.3x the company’s implied enterprise value.

software development tools

Israel-based software vendor testing platform prooV has raised $7 million in Series A funding from Mangrove Capital Partners and Ourcrowd. The company will use the new round of funding for expanding operations.

information

hr information

Brazil-based employee review and job search platform Love Mondays has been acquired by Glassdoor. The acquisition provides Glassdoor with an expanded international presence. Terms of the deal were not disclosed.

business services

it consulting

Accenture will acquire Italy-based Salesforce solutions consultancy New Energy Group. The acquisition will see New Energy Group integrated into Accenture’s Cloud First Applications division. 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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