Social media monitoring business Brandwatch acquires PeerIndex

December 17, 2014 — Fusion DigiNet

Social media monitoring business Brandwatch, which raised $22 million in May this year, has acquired PeerIndex, a London-based company providing social media analytics based on footprints from use of major social media services. The terms of the deal were not disclosed. According to TechCrunch, it was done mostly for shares in Brandwatch, with some cash.

PeerIndex was founded in 2010 by Azeem Azhar. The company has raised a total of £5 million.

Writing in the Brandwatch blog, Giles Palmer, CEO of Brandwatch said:

“Until now, however, it has not been a very deep tool for understanding audiences – the people who create, read and share content. As we thought about this and started to piece together our ideas for how we could develop data and systems that would bring this fascinating information to light, I happened to be speaking at an event with Azeem Azhar.

As we talked, I became acutely aware that PeerIndex were years ahead of us in their understanding and technology for influencer analytics and mapping.

I thought that if we could add their technology and know-how into Brandwatch, we’d be able to create something that doesn’t exist in the market today.”

brandwatch

UK, London

 

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Tiger Media to acquire Interactive Data, LLC

December 15, 2014 — Fusion DigiNet

Tiger MediaTiger Media, a Shanghai-based media company, is to acquire The Best One, Inc., parent company of U.S.-based data solutions provider Interactive Data, LLC. Interactive Data is headquartered in Atlanta, GA and has its primary technology office in Seattle, WA.

id-logo1Interactive Data’s recently expanded management team has been executing on an aggressive growth plan in a multi-billion dollar market of risk management and marketing data solutions.

Commenting on the Acquisition, Robert Fried, Chairman of Tiger Media stated, “We are excited to acquire TBO. We were looking for a U.S. partner who would also be able to expand our China operations. We believe this Acquisition with TBO will give our shareholders an excellent opportunity to realize increased value on their investment.”

Under the terms of the merger agreement, current shareholders of Tiger Media and TBO will own approximately 34% and 66% of the combined company, respectively, following the Acquisition. Approximately 65% of the shares to be issued to TBO shareholders in the Acquisition will be non-voting preferred stock, and 30% of those shares will only be issued upon achievement of certain revenue targets. The Acquisition is expected to close in the first quarter of 2015, is subject to customary conditions to closing as detailed in the merger agreement, as well as the affirmative vote of a majority of the outstanding shares of Tiger Media entitled to vote.

In connection with the Acquisition, Tiger Media will be redomesticating as a Delaware company. The affirmative vote of 2/3 of the votes cast at the Tiger Media meeting will be required for domestication in Delaware. The structure of the transaction will be in the form of an acquisition with TBO merging into a wholly-owned subsidiary of Tiger Media, with the Tiger Media subsidiary as the surviving corporation that will now be headquartered in Atlanta, GA.

Following the Acquisition, Derek Dubner, CEO of TBO, will join Tiger Media as Co-CEO along with Peter Tan, current CEO of Tiger Media. Robert Fried will remain Chairman of the Board. Also, following the Acquisition, Derek Dubner and Daniel MacLachlan will join the Tiger Media Board, increasing the Tiger Media Board from five members to seven members.

Cassel Salpeter is acting as financial advisor and Akerman LLP is acting as legal counsel to Tiger Media. Nason Yeager is acting as legal counsel to TBO.

Shanghai & USA, Atlanta, GA

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Yahoo completes acquisition of BrightRoll

December 15, 2014 — Fusion DigiNet

YahooYahoo! Inc. has completed its acquisition of BrightRoll, a programmatic video advertising platform. Yahoo paid approximately $640 million in cash.

See also – Yahoo to acquire BrightRoll for $640M Posted on November 13, 2014

brightrollBrightRoll is a profitable business with net revenues expected to exceed $100 million in 2014. The company has a team of around 400 employees.

USA, Sunnyvale, CA & San Francisco, CA

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Reliance Capital to sell its 16% stake in Indian travel portal Yatra.com

December 12, 2014 — Fusion DigiNet

yatraAccording to the Economic Times, Reliance Capital is to sell its 16 per cent stake in travel portal Yatra.com for an estimated Rs 500 crore (around $80 million) and is in talks with 2-3 international investors.

Other Yatra.com shareholders include Norwest Venture Partners – 30%, TV-18 group – 10%, Intel Cap – 7% and Valliant Capital – 10%. The management team owns 6%.

Founded in 2005, Yatra.com provides reservation facilities for more than 12,000 hotels in India and over 400,000 hotels around the world. It has an operating income of $51 million for the year.

India, Mumbai

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Yonder acquires Sovetnik from Runa Capital

December 9, 2014 — Fusion DigiNet

YandexYandex, “the Google of Russia”, has bought Sovetnik by Metabar from Runa Capital, a Russian venture capital fund.The terms of the deal were not disclosed.

sovetnikSovetnik, which means “advisor” in Russian, is a browser extension that helps users find the best offer for online shopping. Sovetnik notifications appear when a person chooses an item in an online store. The application analyses the content of the page that the user is viewing, and shows multiple choice of on-line marketplaces where one can buy the same product with the best options – by quality of additional services and price. Sovetnik is used by more than two million people in Russia.

“Sovetnik provides a hint instantly, in the right place, and at the right time. People do not have to figure out where to make a purchase”, says Alexander Feoktistov, Head of Yandex.

Runa Capital fund invested $1 million in Metabar in 2011. Metabar team invented Sovetnik in 2013 and decided to pivot and focus on this project and the business around it. Runa Capital reports that the Yandex acquisition deal provided a multiple return on investment.

Russia, Moscow

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Sky to sell Sky Bet to CVC Capital Partners

December 4, 2014 — Fusion DigiNet

Sky BetSky is selling a controlling stake in its online betting and gaming business, Sky Betting & Gaming , to CVC Capital Partners in a deal which values Sky Bet at £800 million.

Sky will receive cash of £600 million on completion and further deferred and contingent consideration up to the value of £120 million. The total value of £800 million represents a multiple of approximately 15x EBITDA for the 12 months ended 30 June 2014.  Sky will retain an equity stake of approximately 20 per cent in Sky Bet and ongoing board representation. As part of the transaction Sky has also entered into a long-term brand licence agreement with Sky Bet.

The Sky Bet management team, led by Managing Director Richard Flint, will remain with the business under the new ownership structure with all Sky Bet’s employees moving across into the new entity.  The business will remain headquartered in Leeds.

Jeremy Darroch, Group Chief Executive of Sky, said: “In the last ten years, we have successfully grown Sky Bet from a start-up to one of the leading online betting and gaming companies in the UK. This transaction will allow us to focus further on the substantial growth opportunities in our core international pay TV business while realising significant value for our shareholders.”

 The transaction is expected to close in the first quarter of 2015.

 UK, Leeds

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Yahoo to acquire BrightRoll for $640M

November 13, 2014 — Fusion DigiNet

YahooYahoo! Inc. is to acquire BrightRoll, a programmatic video advertising platform for approximately $640 million in cash. BrightRoll’s net revenues are expected to exceed $100 million this year. Yahoo expects the transaction to enhance its EBITDA. Acquiring BrightRoll will make Yahoo’s video advertising platform the largest in the US.

brightroll“Video, along with mobile, social, and native, is driving a surge in digital advertising. Here at Yahoo, video is one of the largest growth opportunities, and BrightRoll is a terrific, strategic and financially compelling fit for our video advertising business,” said Marissa Mayer, Yahoo CEO. “As with every acquisition, we have been extremely thoughtful about our approach to the video advertising space. This acquisition will accelerate the growth of both companies – we can help BrightRoll scale to even more advertisers globally and they can bring their tremendous platform offering to Yahoo’s advertisers. The combination builds positive momentum for Yahoo’s broader display advertising business in 2015.”

The acquisition is expected to complete in Q1 2015. BrightRoll will retain their team of approximately 400 employees.

USA, Sunnyvale, CA & San Francisco, CA

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Euromoney to acquire a strategic shareholding in Dealogic: Sells Capital DATA and Capital NET

November 5, 2014 — Fusion DigiNet

dealogic_logoEuromoney Institutional Investor PLC, the international online information and events group, is acquiring a 15.5% equity stake in a company (“New Dealogic”) incorporated by The Carlyle Group to acquire Dealogic Holdings plc alongside Carlyle and Dealogic’s founders. Dealogic’s long-serving CEO Tom Fleming will continue in his leadership role.

Dealogic is a data platform primarily used by global and regional investment banks worldwide to help optimise performance and improve competitiveness. Dealogic provides data and analytics, market intelligence and capital markets software solutions to investment banks to help them manage their workflows, assist with deal origination and execution, and optimise productivity across their equity capital markets, fixed income, investment banking and research, sales and trading businesses.

Euromoney is acquiring 15.5% of the equity of New Dealogic for $59.2 million. For the year to December 31, 2013, Dealogic achieved adjusted earnings before interest, depreciation and amortisation of $66.7 million on $152.3 million of revenues, and at that date had gross assets of $127.7 million. As part of the transaction, Euromoney will be entitled to a seat on the New Dealogic board and to 20% of the voting rights in respect of New Dealogic’s equity; it will be able to influence the strategic decision making of New Dealogic through a comprehensive set of minority rights. Carlyle will be the controlling shareholder in New Dealogic. The transaction will be structured as a leveraged buyout by New Dealogic.In addition, Euromoney will have the ability to invest pari passu with Carlyle in any acquisitions that New Dealogic may pursue over the coming years.

Euromoney’s investment will be funded through the sale of its interests in two businesses, Capital DATA and Capital NET, which Dealogic and Euromoney have jointly operated since the 1980s. The transaction values Euromoney’s participation in these two businesses at $85 million. In addition to the $59.2 million of ordinary shares in New Dealogic, Euromoney will receive $4.6 million in cash on completion and a further $21.2 million of zero-coupon preference shares issued by New Dealogic and redeemable within 13 months from completion. As part of the agreement, Euromoney will continue to receive and use (on a perpetual royalty-free basis) the league tables and data analytics products underpinning its GlobalCapital business. New Dealogic and Euromoney will explore further strategic and commercial opportunities, including sharing of content management systems and joint product development for specific customer groups.

For the year to September 30, 2013, Euromoney’s subscription revenues and adjusted operating profits included licence fees of £5.4 million from its investment in Capital DATA. For the same period, Euromoney recognised a profit after tax of £0.3m from its 48.4% equity interest in Capital NET. For the year to September 30, 2015, the transaction as a whole is expected to dilute Euromoney’s after tax earnings by approximately 2%. The transaction is subject to regulatory approval and expected to complete by the end of December 2014.

Under the terms of the transaction, Euromoney has agreed to cap the consideration it may receive on a possible future sale of its investment in Dealogic at 24.9% of its market capitalisation at the close of business immediately prior to this announcement.

“The financial technology and data analytics sectors are enjoying healthy growth rates. Dealogic is a market leader in this space. It has robust workflow solutions and a highly respected brand. As testament to these strengths, Dealogic has achieved strong revenue growth during the past three years despite the challenging markets the global investment banks have faced,” said Richard Ensor, chairman of Euromoney. “Our relationship with Dealogic and its founders goes back to the 1980s. We are pleased to cement this important partnership under a new corporate structure. Carlyle is one of the largest and most respected private equity managers worldwide. We believe that by combining our expertise, market access and resources the shareholders of Dealogic will be able to achieve substantial value creation over the coming years.”

UK, London

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MediaMath acquires social advertising platform Upcast

October 16, 2014 — Fusion DigiNet

MediaMath has acquired Upcast, a social advertising technology platform. The terms of the deal were not disclosed.

Headquartered in the U.K. and with presence in Singapore, Berlin, Dublin, and Warsaw, Upcast is a Facebook Preferred Marketing Developer (PMD) and Twitter Marketing Platform Partner serving clients worldwide. Through seamless integration with these social networks, Upcast enables marketers to create, manage, and optimise large-scale social advertising campaigns, and provides full visibility into campaign performance to help marketers improve ROI. The acquisition expands upon MediaMath’s current social offerings via the Facebook Exchange (FBX) and Twitter Tailored Audiences solutions.

“Our mission is to empower marketers with the tools to unify marketing efforts across all digital channels, and we felt it was critical to expand on our existing social offering with the acquisition of a leading platform in the space,” said Ari Buchalter, MediaMath’s Chief Operating Officer. “We evaluated dozens of companies in search of a market leader integrated with multiple platforms, with robust and flexible technology, a proven best-in-class product, a truly global presence, and a strong team with a proven track record. Upcast was far and away the clear choice. We’re excited to integrate their technology into the TerminalOne platform.”
USA, New York & UK, London

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Trig Social Media AB acquires 40 % of the shares of Spanish company Filmquity S L

October 13, 2014 — Fusion DigiNet

Trig Social Media AB, a Swedish company which develops, manages and operates an international social media platform under the brand trig.com has acquired 40 % of the shares of the Spanish company Filmquity S L.

The acquisition will give TRIG direct access to the members of the streaming platform TUCUT, that is owned by Filmquity. TUCUT will integrate its services with TrigTV and widen Trig TV’s supply of user engagement content. The purchase price is €3 million which will be paid in full through a new issue of shares in Trig Social Media AB valued at €2,85 per share. The whole purchase sum will be contributed as equity into Filmquity. The new issued shares are subject to certain sales restriction that restrict sales to a limited number per month. The equity injection will enable TUCUT to expand its supply of content with resulting user growth.

“We look forward to our future cooperation. TUCUT will assist TrigTV in bringing relevant and interesting content to our fast growing Spanish speaking community”, says Sabinije von Gaffke, Creative Director of TrigTV.

Sweden, Stockholm & Spain

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