Daily Deal Activity 05/23/17

Digital Media/Commerce

digital marketplace

Germany-based online used-cars classifieds company Frontier Car Group has raised $22 million in a round of funding from Balderton Capital, EchoVC, New Enterprise Associates, and Partech Ventures. The company will use the new round of funding for expanding its presence within Europe.

ecommerce

France-based food delivery startup Frichti has raised $33.7 million in a round of funding from Verlinvest, Felix Capital, Alven Capital, and Idinvest Partners. The company will use the new round of funding for expanding its presence geographically.

gaming, entertainment media

Video game technical services provider Keywords Studios has acquired game development services company GameSim for $4.8 million and China-based animation production services company Red Hot Software for $6 million. GameSim has reported LTM revenues for the period ended December 31 2016 of $4.1 million, representing an LTM revenue multiple of 1.2x. Red Hot has reported LTM revenues for the period ended December 31 2016 of $5.4 million, representing an LTM revenue multiple of 1.1x.

gaming

Mobile game development company Play800 has been acquired by Hakim Unique Internet for $87.1 million. Play800 has reported LTM revenue for the period ended December 31 2016 of $95.6 million, representing and LTM revenue multiple of 6.3x.

mobile content/apps

Personal finance app Long Game has raised $4 million in a round of funding from Collaborative Fund and Thrive Capital. The company will use the new round of funding for expanding marketing initiatives and hiring talent.

digital advertising

local search

Kid activities search platform KidPass has raised $5.1 million in a round of funding from Javelin Venture Partners, CoVentures, TIA Ventures, and Y Combinator. The company will use the new round of funding for expanding its activities network.

marketing Technology

analytics & Targeting

Behavioral marketing and targeting platform BounceX has raised a $31 million growth financing round from Silicon Valley Bank. The company will use the new round of funding for expanding its engineering division.

analytics & Targeting

Mobile app engagement and reporting solutions company Mavin Motion has raised $3 million in a round of funding from Mousse Partners and Montane Ventures. The company will use the new round of funding for product development initiatives.

content delivery network

Real-time content delivery network Fastly has raised $50 million in a round of funding led by Sorenson Capital with participation from Sapphire Ventures, Iconiq Capital, Amplify Partners, August Capital, O’Reilly AlphaTech Ventures, and IDG Ventures. The company will use the funding for building out new cloud service offerings.

mrm/workflow management

Workflow design and electronic document management company Dataimage has been acquired by LaSalle Capital-backed MetaSource. The acquisition will provide MetaSource with expanded technology offerings. Terms of the deal were not disclosed.

mrm/workflow management

SaaS-based digital transactions management solution PandaDoc has raised $15 million in Series B funding led by Rembrandt Venture Partners with participation from Microsoft Ventures, HubSpot, EBRD Venture Capital, and Altos Ventures. The company will use the new round of funding for expanding operations.

agency & marketing Services

digital agency

Digital marketing services firm Link Digital has acquired digital and creative agency Bread Digital. The acquisition will provide Link Digital with an expanded geographic presence. Terms of the deal were not disclosed.

digital agency

Customer engagement marketing firm Zizzo Group has acquired digital agency Thirsty Boy. The acquisition will provide Zizzo Group with an expanded digital marketing service offering. Terms of the deal were not disclosed.

offline lead generation

ICV Partners has acquired customer acquisition solutions company LeadingReponse from Huron Capital Partners. The acquisition will provide LeadingReponse with the resources for expanding into new industry verticals. Terms of the deal were not disclosed.

public relations

China-based marketing and public relations services provider Adsmith China has been acquired by Aloft Group. The acquisition will see the combined entity operate under the name Brandigo. Terms of the deal were not disclosed.

Software

application management

Cloud application performance management company Cloudwise has raised $26 million in Series C funding from CBC Capital and Sequoia Capital. The company will use the new round of funding for hiring talent.

big data, data management

Artificial intelligence and unstructured data company Lattice Data has been acquired by Apple for a reported $200 million. The acquisition will be complementary to Apple’s data processing technology. Financial information was not disclosed.

credit/risk

Carpe Data, a developer of data products for the insurance industry, has raised $6.6 million in Series A funding from Aquiline Technology Growth. The company will use the new round of funding for expanding operations.

enterprise mobility

Enterprise-level mobile employee engagement platform StaffConnect Group has raised $1 million in a round of funding from Finance South East. The company will use the new round of funding for expanding its presence internationally.

financial

Point-of-sale financing solution Blispay has raised $12 million in a round of funding from FirstMark, Accomplice, New Enterprise Associates, Camden Partners, and F-Prime Capital. The company will use the new round of funding for expanding its merchant network.

healthcare

Optima Healthcare Solutions, a provider of software for post-acute care providers, has acquired hospice care software developer Hospicesoft. The acquisition will provide Optima with expanded capabilities for its home health product offering. Terms of the deal were not disclosed.

healthcare

SaaS-based healthcare compliance solutions developer symplr has acquired healthcare providers’ management software company Vistar Technologies. The acquisition will provide symplr with an expanded healthcare delivery data management offering. Terms of the deal were not disclosed.

security

Network security and application delivery solutions provider Open Systems has been acquired by EQT Partners. The acquisition will provide Open Systems with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

software development tools

Mobile experience performance feedback platform Embrace.io has raised $2.5 million in a round of funding led by Eniac Ventures with participation from The Chernin Group and Techstars Ventures. The company will use the new round of funding for product development efforts.

business services

bpo

Philippines-based business process outsourcing solutions company SPi Global has been acquired by Partners Group from CVC Capital Partners and PLDT in a transaction valuing the company at $330 million. Financial information was not disclosed.

it consulting

Consulting and systems integration services provider Business & Decision has been acquired by Orange in a transaction valued at $87.2 million. The acquisition will see Business & Decision integrated into Orange’s Business Services division. Financial information was not disclosed.

it consulting, financial consulting

Fidelity National will divest a majority interest in business and technology consulting services provider Capco to Clayton Dubilier & Rice in a transaction valuing the company at $795 million. Financial information was not disclosed.

it consulting

HTC Global Ventures will acquire the North American and India-based assets of Ciber in a transaction valued at $93 million. HTC’s winning bid was significant compared with the $50 million floor price set Capgemini in April. Financial information was not disclosed.

legal consulting

eDiscovery consulting services provider Lighthouse eDiscovery has acquired law firm eDiscovery company Discovia. The acquisition will provide Lighthouse with an expanded geographic presence. Terms of the deal were not disclosed.

logistics

India-based logistics company Delhivery has raised $30 million at a reported valuation of $650 million from Fosun International. The company will use the investment proceeds for expanding its geographic presence.

training

Corporate learning solutions company Orbital Training and Consulting has been acquired by International Institute for Learning. The acquisition will provide IIL with an expanded geographic presence. 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: