Daily Deal Activity 07/07/17

Digital Media/Commerce

digital marketplace

Freelancer marketplace Side has raised $5.7 million in a round of funding from Connect Ventures and Aglae Ventures. The company will use the new round of funding for expanding its presence internationally.

ecommerce

Direct-to-consumer jewelry company AUrate has raised $2.6 million in a round of funding from Victress Capital and Arab Angel. The company will use the new round of funding for expanding operations and hiring talent.

ecommerce

Online party supplies retailer Buyseasons has been acquired by Rubie’s Costume Company. The acquisition will provide Rubie’s Costume Company with an expanded digital presence. Terms of the deal were not disclosed.

ecommerce

Liberty Media will acquire a 62 percent controlling stake in HSN (Nasdaq:HSN) in an all-stock transaction valuing the company at $2.7 billion. The acquisition will see HSN merged with Liberty-owned QVC, and upon completion will see combined entity (including HSN’s flash sales website Zulily) operate under the name QVC Group. HSN has reported LTM revenues for the period ended March 31 2017 of $3.5 billion and LTM EBITDA of $250 million, representing an LTM revenue multiple of 0.8x and an LTM EBITDA multiple of 10.6x.

marketing Technology

analytics & targeting

Context intelligence and insights solution Squirro has raised $10 million in a round of funding from Orange Growth Capital and Salesforce Ventures. The company will use the new round of funding for research and development initiatives.

crm

Sweden-based customer relationship management tools developer Humany will be acquired by Telia. The acquisition will provide Telia with an expanded customer requests and development offering. Terms of the deal were not disclosed.

agency & marketing services

design agency

Digital art and design studio Atomhawk has been acquired by game development company Sumo Digital. The acquisition will provide Sumo Digital with an expanded creative services offering. Terms of the deal were not disclosed.

digital agency

UK-based digital consultancy Codemakers has acquired web and app design and brand development services provider Studio East. The acquisition will provide Codemakers with an expanded international presence. Terms of the deal were not disclosed.

digital agency

Management consulting and business advisory services company Point B has acquired digital experience studio TNG. The acquisition will provide Point B with expanded creative capabilities. Terms of the deal were not disclosed.

healthcare agency

Medical communications firm Fishawack Group has acquired creative agency services and medical education firm Carling Group of Companies. The acquisition will provide Fishawack with expanded creative capabilities. Terms of the deal were not disclosed.

public relations

Marketing communications firm Noble Communications has been acquired by brand strategy and creative services agency Gatesman. The acquisition will provide Gateman with an expanded geographic presence. Terms of the deal were not disclosed.

traditional media

entertainment media

Cirque du Soleil has acquired performance art group Blue Man Productions. The acquisition will be complementary to Cirque du Soleil’s entertainment offerings beyond its core circus productions. Terms of the deal were not disclosed.

Software

big data

Centerbridge Partners will acquire data integration software developer Syncsort from Clearlake Capital for a reported $1.3 billion. The acquisition will see Syncsort integrated into Vision Solutions. Financial information was not disclosed.

data management

Canada-based data management and analytics company InfoTrellis will be acquired by Mastech for $55 million. InfoTrellis has reported LTM revenues for the period ended December 31 2016 of $22 million, representing an LTM revenue multiple of 2.5x.

financial

Recycle Track Systems, a developer of software for the waste management and recycling industry, has raised $11.7 million in a round of funding from Volition Capital. The company will use the new round of funding for expanding operations.

hr

Healthcare professional’s staffing solution platform Locum’s Nest has raised $1.4 million in a round of funding from Albion Capital. The company will use the new round of funding for expanding its presence geographically.

business services

hr consulting

Human resource outsourcing and consulting services company SOURCEitHR has been acquired by human capital management systems developer MenaITech. The acquisition will provide MenaITech with an expanded outsourcing portfolio. Terms of the deal were not disclosed.

it consulting

Gaming Laboratories International, a provider of testing and certification services to the gaming industry, has acquired competitor NMi Metrology & Gaming. The acquisition will provide GLI with an expanded geographic presence. Terms of the deal were not disclosed.

it consulting

Software testing and business assurance services company QualiTest Group has acquired Experior Group.  Terms of the deal were not disclosed.

it consulting

IT and management consultancy services provider B3IT Management has acquired IT management firm Sentensia Q. The acquisition will provide B3IT with an expanded presence within North America. 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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