Daily Deal Activity 05/01/17

Digital Media/Commerce

digital marketplace

Nigeria-based user-car marketplace Cars45.com has raised $5 million in Series A funding from Frontier Cars Group, Balderton Capital, EchoVC, and New Enterprise Associates. The company will use the new round of funding for platform development efforts.

ecommerce

On-demand meeting and event venues network Convene has raised $68 million in a round of funding from ArrowMark Partners, Brookfield Property Partners, and Conversion Venture Capital. The company will use the new round of funding for expanding headcount.

ecommerce, mobile content/apps

China-based ride hailing company Didi Chuxing has raised $5.5 billion at a reported valuation of $50 billion in a round of funding from SoftBank, Silver Lake Kraftwerk, and China Merchants Bank. The company will use the funding for continued international expansion.

gaming

India-based gaming platform operator Head InfoTech has raised $73.7 million in a round of funding from Clairvest Group. The company will use the new round of funding for expanding its player base within India.

mobile content/apps

Cheetah Mobile-owned live video streaming app Live.me has raised $60 million in a round of funding from Matrix Partners, Evolution Media China, Gobi Partners, IDG Capital, and Cheetah Mobile. The transaction will see Cheetah retain a 70 percent equity interest in the company.

digital advertising

vertical search

Blue collar jobs marketplace Work Today has raised $1.1 million in a round of funding from Mucker Capital, Social Capital, Hone Capital, and GAN Ventures. The company will use the new round of funding for expanding operations.

marketing Technology

mobile technology, mobile content/apps

Connected vehicle technology company Automatic will be acquired by SiriusXM Radio (Nasdaq:SIRI) for a reported $115 million. The acquisition will provide SiriusXM with expanded vehicle data and analytics capabilities. Financial information was not disclosed.

agency & marketing services

experiential marketing

Live marketing company MCH Group has acquired exhibit and event marketing services company MC2. The acquisition will provide MCH Group with an expanded geographic presence. Terms of the deal were not disclosed.

healthcare agency

Healthcare and consumer marketing communications firm Scout has been acquired by The Stagwell Group. The acquisition will provide Stagwell with an expanded presence in the healthcare sector. Terms of the deal were not disclosed.’

traditional media

consumer magazine publishing

Energy industry publisher Oildom Publishing has been acquired by midstream and utility sectors publishing company Gulf Publishing. The acquisition will provide Gulf with an expanded reader-base. Terms of the deal were not disclosed.

Software

collaboration

Business collaboration software developer Jive Software (Nasdaq:JIVE) will be acquired by ESQ Capital-backed Wave Systems in a transaction valuing the company at $341 million. The acquisition of $5.25 per Jive Software share represents a premium of 20 percent from the company’s April 28 closing price. Jive has reported NTM revenues of $203 million and NTM EBITDA of $22.8 million, representing an NTM revenue multiple of 1.7x and an NTM EBITDA multiple of 15.0x.

credit/risk

UK-based insurance counterparty risk management platform REG has received a $10.3 million majority investment from Disruptive Capital. The company will use the new round of funding for expanding operations internationally.

data management

Converged data management solutions company Rubrik has raised $180 million at reported valuation of $1.3 billion in Series D funding led by IVP with participation from Lightspeed Venture Partners and Greylock Partners. The company will use the new round of funding for product development.

engineering

Golden Gate Capital will acquire space planning software developer 20-20 Technologies from Vector Capital. The acquisition will provide 20-20 with the resources for product development. Terms of the deal were not disclosed.

financial

Payment workflow automation company Airwallex has raised $13 million in Series A funding led by Tencent with participation from Sequoia Capital and Mastercard. The company will use the new round of funding for expanding internationally.

financial

Italy-based mobile payment systems developer Satispay has raised $15.3 million at a reported valuation of $54 million in a round of funding from Iccrea Banca. The company will use the new round of funding for expanding operations.

healthcare

Patient care management company Catalia Health has raised $2.5 million in a round of funding led by Khosla Ventures with participation from NewGen Capital, Macnica Ventures, and InnoLinks Ventures. The company will use the new round of funding for expanding operations.

business services

it consulting

Staffing services provider Addison Group has acquired IT consulting firm AIM Consulting. The acquisition will provide Addison Group with an expanded presence within the IT services sector. Terms of the deal were not disclosed.

it consulting

Assistive technology products company Freedom Scientific has acquired technology consulting services provider The Paciello Group. The acquisition provides Freedom Scientific with an entrance into new vertical markets. 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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