Digital First Media acquires the Boston Herald for $11.9M

March 19, 2018 — Fusion DigiNet

Digital First MediaDigital First Media, one of the largest publishers of locally based print and online media in the United States, has completed the acquisition of the Boston Herald for $11.9 million at an auction in which they outbid competitors GateHouse Media and Florida private equity firm Revolution Capital Group. The auction followed Herald publisher Patrick Purcell filing for Chapter 11 bankruptcy in December 2017, citing declining revenue and readership.

Established in 1846 as a single two-sided sheet of news published by a group of Boston printers, the Boston Herald today has a circulation of 64,500, with an online following at BostonHerald.com.

Guy Gilmore, DFM’s chief operating officer, said, “DFM is pleased to have the opportunity to be a part of the Boston Herald through the next chapter of its storied history. The Herald is integral to the fabric of the great city of Boston”.

USA, Denver, CO & Boston, MA

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Hatched Media acquires fellow Australian independent FRANk Media

March 19, 2018 — Fusion DigiNet

Hatched MediaMelbourne-based independent agency Hatched Media has announced the merger and acquisition of fellow independent FRANk Media. No details of the transaction were disclosed.

FRANk Media was established in 2000 and offers communications planning, content marketing, programmatic, strategy, media buying, CRM, EDM, research, customer insight, PR, SEM, SEO, social media strategy and management, social media advertising, social media training and workshops, reporting, analytics and media planning, negotiation and buying. Owned and run by industry veteran Martyn Thomas, FRANk has transitioned all staff and clients across to Hatched to bolster the overall agency offering under the one roof.

Hatched founder and owner Jack Byrne said he has long admired Thomas and the FRANk team’s approach to its clients’ business, “Not only will their experience and strong strategic offering across communications be a welcome addition to the current offering, but culturally we are naturally aligned due to the high value we place on our people and level of care to our clients, which has ensured a seamless transition as a merged entity thus far,” he said.

Hatched will be adding FRANk’s current client list, which includes American Tourister, High Sierra, IXL Home, Lifestyle Communities, Movember, Luna Park (Melbourne), Lipault Paris, Sub Zero & Wolf, St John Ambulance (Victoria and NSW) and Sumitomo Rubber to their current list of clients, which include Automotive Brands Group, Dairy Australia, Sensis (Yellow Pages and White Pages), Fernwood Fitness, Dennis Family Homes, Strike Bowling, Henley Homes, Village Cinemas, Hairhouse Warehouse, Boost Juice, Capi Sparkling, and CBUS Property.

Australia, Melbourne

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Silver Lake Partners and Battery Ventures to acquire EDR from DMGT for $205M

March 13, 2018 — Fusion DigiNet

Silver LakeSilver Lake and Battery Ventures have agreed to acquire EDR, a leading provider of real estate data and software-as-a-service, from the Daily Mail and General Trust plc for $205m. The investors areBattery Ventures global, growth-oriented firms focused on partnerships with market-leading technology companies. The transaction is expected to close in the coming weeks and is subject to
customary closing conditions.

EDR is a leader in property due-diligence and risk management technology and information. The company’s solutions enable clients — including environmental consultants and engineers, appraisers, and lenders — to manage real estate due diligence processes efficiently and effectively.

Joe Osnoss, Managing Director at Silver Lake, said, ”The real estate sector is continuing to evolve with the introduction of new technologies. EDR has a rich history of thought leadership in this area, and we plan to invest behind the company’s developing product roadmap to serve its important client ecosystem.”

Battery Ventures General Partner Scott Tobin added, ”We look forward to working closely with Chris Aronson and EDR’s management team. We believe that our investment will enable EDR to accelerate growth — including in the state-of-the-art Collateral360 SaaS platform — and extend its reputation as a leader in real estate data and software with a developing range of products and services.”

UK, London & USA, Shelton, CT

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Gfinity plc acquires RealSM Limited, owner of RealSport

March 13, 2018 — Fusion DigiNet

GFinityGfinity plc, a leading international esports entertainment group, has acquired the entire issued share capital of RealSM Limited, owner of the fan-oriented digital sports media platform, RealSport, for a total consideration for approximately £2.4 million, to be settled wholly in new shares in Gfinity. The acquisition will be paid for by issuing 12.3 million Gfinity shares at 19.317 pence each. The share price was the average closing price over the last 15 days prior to the deal being announced.

Founded in January 2016, RealSport’s platform features original content, including news documentaries, podcasts, analysis and opinions. The company has rapidly built an online user base of more than half a million active monthly users with esports currently accounting for over 40% of all traffic on its website. Gfinity will use the RealSport platform alongside its own to build the esports community.

Under the terms of the acquisition, Gfinity will integrate RealSport’s online real estate into its business operations. Gfinity will also acquire the services of the team of seven key employees including the co-founders, Roei Samuel and Scott Hurst, together with their network of contributors, who have driven the rapid growth in the RealSport digital platform.

Gfinity Chief Executive Officer Neville Upton said, ”RealSport has done a great job of building a “go-to” hub for the esports community. They have a very talented team whose expertise in building a digital community will be very valuable to Gfinity. This deal will further help Gfinity continue to drive awareness and engagement in Gfinity and Elite Series brands. We believe this will accelerate Gfinity’s plans to monetise our digital assets and will greatly increase the value of our proposition to our prospective commercial partners.”

UK, London

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A Fusion Deal: CMA Shipping Conference and Exhibition sold to Informa (Knect365)

March 12, 2018 — Fusion DigiNet

CMA-Shipping-2019-LogoThe CMA Shipping Conference and Exposition has been sold to Knect365, Informa PLC’s Knowledge & Networking Division. Fusion Corporate Partners acted as corporate advisor for International Marketing Strategies (IMS), the organiser of the event. The Fusion team was led by Paul Kelly, Director at Fusion. The terms of the transaction were not disclosed.

CMA Shipping is run on behalf of the Connecticut Maritime Association (CMA), an Association made of individuals representing every aspect of shipping and international trade. IMS and the CMA have worked together to produce the annual conference and trade Show for thirty three years.

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Paul Kelly

Speaking about the sale, Fusion’s Paul Kelly said, “IMS are a highly professional group with great maritime industry expertise. Together with the CMA, they have built the the premier shipping gathering in North America and a “must-attend” event on the shipping business calendar. “It was a pleasure to represent them”.

CMA Shipping enjoys the support of many of the world’s major maritime organisations and attracts over 2,000 maritime industry leaders, owners and ship managers controlling over 5,000 vessels. Complementing the presence of the owners and operators are charterers, financiers, suppliers, shipyards, national exhibits and professional service providers. It is one huge dynamic marketplace.

CMA Shipping 2019 will be he’d at the Hilton Stamford Hotel, Stamford, CT, USA.

USA, Stamford, CT

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Keshet acquires majority stake in Greenbird Media

March 12, 2018 — Fusion DigiNet

Keshet InternationalKeshet International, the global production and distribution arm of Israeli media giant Keshet, has acquired a majority stake in UK production company incubator, investor and biz accelerator Greenbird Media. The deal sees Keshet up its share of Greenbird and take over BBC Worldwide’s 30% stake in the company. Further details of the transaction were not disclosed.

Greenbird, a venture from Shine TV executive Jamie Munro and Stuart Mullin from Argonon, was founded in 2012 and provides independent producers with access to innovative funding models and licensing deals to support their creative productions.

KI, known for “Homeland,” “The A Word” and “Rising Star,” will become distribution partner for Greenbird Media’s production companies and boost its roster with more entertainment and factual content, while Greenbird will continue to guide its independent producers in terms of funding and licensing deals for creative productions.

Alon Shtruzman, CEO of Keshet International, said, “Greenbird Media, with its entrepreneurial and creative culture, is the perfect match for us. We share similar philosophies and values, and by combining KI’s global footprint with Greenbird Media’s stellar team, I see limitless possibilities and accelerated growth.”

Israel, Jerusalem & UK, London

 

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Lagardère acquires majority stake in Skyhigh TV

March 12, 2018 — Fusion DigiNet

LagardereThe French audiovisual production group Lagardère Studios has taken a majority stake in Dutch TV production company Skyhigh TV. The move follows the acquisition of Boomerang TV in Spain and Aito Media Group in Finland respectively in 2015 and 2017. The terms of the transaction were not disclosed.

Skyhigh was founded in 1999 and specializes in the production and distribution of entertainment, factual and documentary programs. It is owned by its three founding shareholders: Marc Dik, Wilfred Drechsler and Bernard van den Bosch.

The largest indie television producer in the Netherlands, Skyhigh produces 35 series per year, including such successful projects as The Bully Project, Model in One Day and Teen Mom Celebrity Support.

Christophe Thoral, president of Lagardère Studios said, “The Netherlands is the third largest exporter of TV formats in the world. Our acquisition of Skyhigh TV naturally serves to further our strategy for international growth, but it will also accelerate our policy of creating and circulating formats among our various structures”.

France, Boulogne-Billancourt & Netherlands, Hilversum

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Bethesda acquires BattleCry Studios

March 10, 2018 — Fusion DigiNet

BethesdaBethesda Softworks has acquired fellow ZeniMax Media subsidiary BattleCry Studios, now branded Bethesda Game Studios Austin. The terms of the transaction were not disclosed.

This growth will mark the second studio expansion since the founding of Bethesda’s in-house game studio in 2001 and the newest addition since Bethesda Game Studios Montreal in late 2015. The Texas-based studio will be led by Studio Director Doug Mellencamp. BattleCry Studios, which was formed in 2012 as a subsidiary of Zenimax Media, is responsible for the shelved free-to-play title of the same name, described as a “multiplayer online action combat game” by former executive producer and president Rich Vogel. The project was suspended in October 2015 in favour of other endeavours, and the studio went on to aid Id Software with post-release content for the multiplayer mode of DOOM.

Mellencamp said, “We’re excited to join Bethesda Game Studios and look forward to working together on some of the industry’s most exciting new games. Austin’s incredible game development scene and talent will also allow us to push our games further than fans have imagined.”

USA, Rockville, MD & Austin, TX

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Euromoney acquires European investment industry survey Extel

March 8, 2018 — Fusion DigiNet

EuromoneyEuromoney Institutional Investor PLC, the international business information and events group, has acquired 100% of the business and assets of Extel from WeConvene. Extel will be integrated into Euromoney’s Institutional Investor Research business which is well known for its sell-side analyst and corporate IR performance research and rankings, and strengthens further Institutional Investor’s asset management offering. The terms of the transaction were not disclosed.

Extel runs the annual independent survey of quality across the European equities investment community. The Extel Survey began in 1974 and in 2017 over 15,500 investment professionals cast 1.1 million votes across the investment industry, providing a huge dataset to help clients analyse and drive their market understanding.

The acquisition of Extel fits within Euromoney’s strategy of investing in its main themes, specifically asset management. Extel is deeply embedded in the equities investment community and its complementary data sets and highly valued analytics and insights will support the transition of Institutional Investor to a next generation 3.0 business model.

Will Rowlands-Rees, MD of Institutional Investor Research, said: “Although a small business, Extel has a strong reputation in the European market, and is highly complementary to our existing Institutional Investor Research offerings. By integrating these businesses, we will create a unique bulge bracket through domestic broker view of research product evaluation in the European market at a time of tremendous market change driven by MiFID II. I look forward to leveraging our shared expertise and knowledge, and partners in the investment community to build a stronger and broader set of capabilities across our portfolio of products to help with these challenges.”

UK, London

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Discovery Communications Inc. completes acquisition of Scripps Networks interactive to create Discovery, Inc.

March 6, 2018 — Fusion DigiNet

Discovery Communications IncDiscovery Communications has completed its acquisition of Scripps Networks Interactive, with the combined company to be officially known as Discovery, Inc.

Scripps Networks Interactive is a leading developer of lifestyle-content for television and the Internet. The company’s brands includes HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and country music network Great American Country.

Scripps shareholders will receive approximately $90 per share, consisting of $65.82 per share in cash and 1.0584 per share in Series C Common shares of Discovery stock valued based on a volume weighted average price (subject to elections and proration), in each case in accordance with the terms of the merger agreement. This includes a cash payment of $2.82 per share in connection with Discovery’s previously announced decision to exercise in full the cash top-up option under the merger agreement.

The acquisition is expected to be accretive to adjusted earnings per share and to free cash flow in the first year after closing, including significant cost synergies. The combination is expected to create a strong economic model with capacity for rapid debt repayment and a clear runway for growth and value creation.

Kenneth W. Lowe, former Chairman, President & CEO of Scripps Networks Interactive, will join Discovery’s board of directors, effective immediately.

David Zaslav, President and Chief Executive Officer for Discovery, said, “Today marks another critical milestone for Discovery, as we become a differentiated kind of media company with the most trusted portfolio of family-friendly brands around the globe. As a new global leader in real life entertainment, Discovery will serve loyal and passionate audiences around the world with content that inspires, informs and entertains across every screen; deliver new ways for advertisers and distributors to reach highly targeted audiences at scale; and leverage our leadership position to create new value and growth opportunities for all of our stakeholders.”

USA, Silver Spring, MD & Knoxville, TN

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