Daily Deal Activity 10/14/16

Digital Media/Commerce

niche content

Discovery Communications has invested $100 million in newly formed digital holding company Group Nine Media. The holding company will consist of online publishers Thrillist, NowThis, The Dodo, and Seeker, and the investment will see Discovery take a 35 percent stake in the combined entity.

mobile content/apps

China-based smart parking mobile app developer ETCP has raised $230 million in Series B funding from Dalian Wanda Group’s eCommerce platform Ffand. The company will use the new round of funding for expanding user adoption initiatives.

niche content, entertainment media

Digital entertainment and media company SoulPancake has been acquired by Participant Media. The acquisition is complementary to Participant’s network of social impact properties. Terms of the deal were not disclosed.

digital advertising

comparison shopping

Online shipping price comparison website Boxtal has raised $7.7 million in a round of funding from Idinvest Partners and Ecomobility Ventures. The company will use the new round of funding for expanding its geographic presence.

online lead generation

Germany-based lead marketing platform Kauferportal has been acquired by 7Commerce and General Atlantic. The transaction will see both companies take a 42 percent stake in Kauferportal. Terms of the deal were not disclosed.

Marketing Technology

commerce management

SaaS-based customer returns solutions company Returnly has raised $3.2 million in a round of funding from Index Ventures, Alma Mundi Ventures, and SV Angel. The company will use the new round of funding for product development efforts.

email/messaging software, it consulting

J2 Global has acquired online fax service provider MaxEmail and IT services provider Dakota Cloud Recovery. The acquisitions are complementary to J2’s international customer base. Terms of the deal were not disclosed.

agency & marketing services

digital agency

Digital and user-design agency We Can’t Stop Thinking has been acquired by Red Square Agency. The acquisition provides Red Square with strengthened digital capabilities and an expanded geographic presence. Terms of the deal were not disclosed.

traditional outdoor

consumer magazine publishing

Private equity firm Genesis Park has acquired the Texas Monthly magazine from Emmis Communications for $25 million. The acquisition provides the Texas Monthly with the resources for expanding its reader base. Texas Monthly financial information was not disclosed.

Software

cloud computing

Germany-based IT infrastructure and cloud solutions developer Macnetix has been acquired by Triax. The acquisition provides Triax with an expanded presence in the hospitality industry. Terms of the deal were not disclosed.

security

Germany-based cyber threat analysis and detection company VMRay has raised $3.9 million in a round of funding from eCAPITAL and High-Tech Grunderfonds. The company will use the new round of funding for expanding its research and marketing division.

software development tools

India-based API testing and management solutions company Postman has raised $7 million in a round of funding from Nexus Venture Partners. The company will use the funding for expanding marketing initiatives.

information

financial information

Morningstar (Nasdaq:MORN) will acquire private capital markets data and research platform Pitchbook in a transaction valuing the company at $225 million. Pitchbook has reported revenues of $31.1 million for the trailing 12 months ended June 30th, representing a 7.2x revenue multiple.

Business Services

engineering consulting

Germany-based software development and design services provider ITK Engineering has been acquired by Bosch Group. The acquisition provides Bosch with an expanded international engineering services practice. Terms of the deal were not disclosed.

engineering consulting

UK-based engineering consulting services company Mouchel has been acquired by WSP Global from Kier Group for $91.3 million. The acquisition provides WSP with an expanded international presence. Mouchel has reported revenues of $119 million and EBITDA of $11.9 million for the trailing 12 months ended June 30th, representing a revenue multiple of 0.8x and an EBITDA multiple of 7.7x.

it consulting

Voice and data infrastructure integration services provider Communications Resources has been acquired by IT and security services company InterDev. The acquisition provides InterDev with an expanded customer base. Terms of the deal were not disclosed.

it consulting

Dynamic Technology Holdings has acquired a 51 percent majority stake in South Africa-based SAP implementation services provider Blue Pencil. The acquisition is complementary to Dynamic Technology’s existing SAP practice. Terms of the deal were not disclosed.

it consulting

IT consulting company Nordic Consulting has received an undisclosed round of funding from Silversmith Capital Partners. The company will use the investment proceeds for expanding its HRE/IT advisory consulting practice.

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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