Daily Deal Activity 05/08/17

Digital Media/Commerce

digital marketplace

Construction equipment rental marketplace Yard Club has been acquired by Caterpillar. The acquisition will be complementary to Caterpillar’s digital capabilities and distribution network. Terms of the deal were not disclosed.

ecommerce

Germany-based on-demand moving company Move24 has raised $14.2 million in a round of funding from Holtzbrink Ventures, DN Capital, Piton Capital, and Cherry Ventures. The company will use the new round of funding for expanding its presence within Europe.

gaming, ecommerce

Singapore-based content and gaming company Sea (FKA Garena) has raised $550 million in a round of funding from Alibaba, GDP Venture, and JG Summit. The company will use the new round of funding for preparing a potential IPO.

social media/apps              

Music application Smule has raised $54 million in a round of funding led by Tencent with participation from Adams Street Partners, Bessemer Venture Partners, Floodgate, Franklin Templeton, and Shasta Ventures. The company will use the new round of funding for expanding operations.

digital advertising

ad networks/exchanges

Display advertising platform AdSupply has acquired UK-based digital media specialist One Central Point. The acquisition will provide AdSupply with an expanded presence within Europe. Terms of the deal were not disclosed.

vertical search

Online home rental startup NestAway has acquired home aggregator and rental company Zenify. The acquisition will provide NestAway with an expanded presence within India’s home rental space. Terms of the deal were not disclosed.

marketing Technology

analytics & targeting

Content data insights platform SimpleReach has raised $13.3 million in a round of funding from Spring Mountain Capital. The company will use the new round of funding for expanding its engineering division.

content management

Grammarly, developer of a grammar checking solution for social media posts and professional messages, has raised $110 million in growth equity funding led by General Catalyst with participation from Breyer Capital, IVP, SignalFire, and Spark Capital. The company will use the new round of funding for expanding headcount.

crm

Hospitality industry customer relationship management platform BlueCart has raised $10 million in a round of funding from undisclosed investors. The company will use the new round of funding for hiring talent.

agency & marketing services

digital agency, design agency

Accenture has acquired Australia-based digital creative agency The Monkeys and design agency Maud. The acquisition will see both companies integrated into Accenture Interactive. Terms of the deals were not disclosed.

marketing consulting

India-based eCommerce consultancy Ace Turtle has raised $5 million in a round of funding from Vertex Ventures and C31Ventures. The company will use the new round of funding for expanding its presence within Southeast Asia.

entertainment media

broadcast television, newspaper publishing

Sinclair Broadcast Group (Nasdaq:SBGI) will acquire Tribune Media (NYSE:TRCO) in a transaction valuing the company at $3.9 billion. The acquisition of $46.50 per Tribune share represents a 26 percent premium over the company’s February 28 closing price. Tribune has reported FY2016 revenues of $1.9 billion and EBITDA of $845 million, representing a revenue multiple of 2.0x and an EBITDA multiple of 4.6x.

entertainment media

Germany-based digital music distributor finetunes has been acquired by music licensing company The Orchard. The acquisition will provide The Orchard with an expanded presence within Europe. Terms of the deal were not disclosed.

entertainment media, mobile content/apps

Music publishing and label services company Kobalt Music Group has raised $75 million in a round of funding led by Hearst Entertainment with participation from Balderton Capital and MSD Capital. The company will use the new round of funding for expanding its musicians network.

Software

application management

SaaS-based application monitoring platform Perspectium has raised $8 million in Series A funding from TVC Capital. The company will use the new round of funding for expanding marketing and sales initiatives.

big data

Big data application solutions provider Falcon Computing Solutions has raised $8 million in a round of funding led by Intel Capital with participation from SV Tech Ventures and Sierra Ventures. The company will use the new round of funding for expanding headcount.

credit/risk

Susquehanna Growth Equity-backed contract management solutions provider iContracts has acquired healthcare policy lifecycle management company PolicyStat. The acquisition will provide iContracts with an expanded compliance offering. Terms of the deal were not disclosed.

data management, cloud computing

Open source database MariaDB has raised $27 million in a round of funding from The European Investment Bank. The company will use the new round of funding for expanding its marketing and sales divisions.

data management

Data discovery software solutions provider Rokitt has been acquired by Centrica. The acquisition will see Rokitt integrated into Centrica’s data science and analytics arm Tahoe. Terms of the deal were not disclosed.

financial

China-based financial risk technology startup Bangsun Technology has raised $23 million in a round of funding F&G Ventures, Legend Capital, and Co-Stone Capital. The company will use the new round of funding for product development.

healthcare

SaaS-based healthcare data analytics company Artemis Health has raised $8.3 million in a round of funding from Maverick Ventures. The company will use the new round of funding for expanding operations.

security

Cybersecurity company Polyverse has raised $2 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding operations while focusing on product development efforts.

business services

staffing

TPG Growth will acquire a majority stake in medical staffing company Medical Solutions from Beecken Petty O’Keefe & Co. in a transaction valued at a reported $500 million. Financial information was not disclosed.

training

Test preparation platform Revolution Prep has raised $4 million in a round of funding led by Kennet Partners with participation from private investors. The company will use the new round of funding for product development efforts.

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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