ZPG to acquire Calcasa

November 29, 2017 — Fusion DigiNet

zpgZPG Plc has acquired Calcasa, a provider of automated property valuations and statistical market analysis in the Netherlands, for €30.0 million (£26.5 million) on a cash-free, debt-free basis, with a performance-based earn-out of up to €50.0 million (£44.2 million).

Established in 2005, Calcasa is an automated valuation model and residential property market insights provider in the Netherlands. With the largest property database of over 10 million unique price points Calcasa provides property valuation and risk analysis to companies in the Dutch housing market including mortgage lenders, brokers, investors, surveyors, estate agents, developers, validation institutes, housing corporations, pension funds, government agencies, regulatory institutions, research companies and real estate funds.

Calcasa has a strong financial track record with a subscription revenue model underpinned by long term contracts with over 70% recurring revenues.  The company generated €5.0m (£4.4 million) profit before tax in the year to 31 December 2016 and the value of Calcasa’s gross assets was £5.5m as at 31 December 2016. The total consideration represents a maximum multiple of 10x FY17-FY20 Net Profit for Calcasa. 

Calcasa has an academic team of 15 based in Delft, Netherlands and following completion Calcasa will continue to operate as a standalone brand and platform led by its founders Evert Van de Wauwer and Bas Meeuwissen, who will be remaining with the business. 

Commenting on today’s announcement Alex Chesterman, Founder & CEO of ZPG said, “We are delighted to announce the acquisition of Calcasa. The combination of Hometrack and Calcasa will give us unrivalled capabilities as an international property data platform and there is a clear opportunity to leverage our complementary products and relationships.

UK, London and Netherlands, EB Delft

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PenskeMedia acquires FashInvest

November 27, 2017 — Fusion DigiNet

PensPenske Media CorporationkeMedia Corporation and its subsidiary Fairchild Media today announced the acquisition of FashInvest, the innovator in connecting the fashion-tech, fashion, retail, and branded consumer goods sectors with the finance and investment sectors. This acquisition follows Penske Media and its subsidiary Fairchild Media’s acquisition last month of Sourcing Journal, a media brand for global executives focused on the sourcing and manufacturing industries. The financial terms of the deal were not disclosed.

FashInvest, known for being “where fashion meets finance,” began as a series of educational industry events in 2009 and has rapidly evolved to now be a leading global media resource. FashInvest’s daily online news posts, reports, and exclusive interviews on the emerging fashion tech and fashion arenas have established it as a news authority for a growing number of fashion-tech and fashion entrepreneurs seeking the latest news on who has received funding, who is providing the funding, and what strategies are attracting financing.

“FashInvest has tapped into the vital intersection of finance and fashion—a business that has been built over the last decade on discovering and developing emerging fashion and retail brands and their access to capital markets.  Fairchild Media has consistently been the leader in coverage of well-established global fashion brands, and with the acquisition of FashInvest the opportunity to deepen our coverage of emerging companies, start-ups, and the financial institutions (VC’s, Private Equity, etc.) that are shaping the future fashion industry is dramatically enhanced,” said PMC Chairman and CEO Jay Penske.

USA, New York, NY, Wilmington, DE

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Meredith Corporation to acquire Time Inc.

November 26, 2017 — Fusion DigiNet

MeredithMeredith Corporation has announced that it has entered into a binding agreement to acquire all outstanding shares of Time Inc. for $18.50 per share in an all-cash transaction valued at $2.8 billion, expected to close during the first quarter of calendar 2018.

The deal will create a diversified media and marketing company with $4.8 billion in revenues, including $2.7 billion of advertising revenues. Additionally, Meredith anticipates generating cost synergies of $400 million to $500 million in the first full two years of operation.

Time Inc. is a multinational mass media corporation which owns and publishes over 100 magazine brands, including its namesake Time, Sports Illustrated, Travel + Leisure, Food & Wine, Fortune, People, InStyle, Life, Golf Magazine, Southern Living, Essence, Real Simple, and Entertainment Weekly. It also has subsidiaries which it co-operates with the UK magazine house Time Inc. UK, whose major titles include What’s on TV, NME, Country Life, and Wallpaper. Time Inc. also co-operates over 60 websites and digital-only titles.

“We are creating a premier media company serving nearly 200 million American consumers across industry-leading digital, television, print, video, mobile, and social platforms positioned for growth,” said Meredith Corporation Chairman and CEO Stephen M. Lacy. “We are adding the rich content-creation capabilities of some of the media industry’s strongest national brands to a powerful local television business that is generating record earnings, offering advertisers and marketers unparalleled reach to American adults.”

USA, New York, NY & Des Moines, IA

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Ion Investment Group buys controlling stake in Dealogic from Euromoney and Carlyle Group

November 22, 2017 — Fusion DigiNet

dealogicIon Investment Group is to buy a controlling stake in Dealogic, a provider of content and software solutions to financial firms, from Carlyle Group LP and Euromoney Institutional Investor.

Euromoney Institutional Investor PLC said it is selling its minority equity stake in Dealogic for approximately $135m. Euromoney had acquired a 15.5 percent stake in Dealogic for $59.2 million in 2014. Ion Investment Group and Carlyle Group did not disclose their terms. The process is expected to complete in approximately six weeks. 

Euromoney will continue to receive from Dealogic the league tables and data analytics products used in its Global Capital business.

Euromoney’s results for the year ended 30 September 2017 included £3.9m in adjusted profit before tax from Dealogic. The gross assets of Dealogic at 30 September 2017 were £551.6m.

Uk, London

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UBM acquires THE Aesthetic Show from Medical Insight

November 17, 2017 — Fusion DigiNet

THE Aesthetic ShowUBM plc has acquired THE Aesthetic Show and its associated media properties from U.S.-based media and events company Medical Insight, Inc. The terms of the deal were not disclosed.

THE Aesthetic Show is an annual, multi-disciplinary medical exhibition and conference focused on the rapidly expanding field of aesthetic medicine. This event offers continuing medical education and training to physicians and medical professionals that specifically addresses the latest minimally invasive to non-invasive procedures and technologies.  In addition to THE Aesthetic Show, UBM has acquired THE Aesthetic Guide, which provides print and digital content to the aesthetic medical community, and The Aesthetic Academy, training events for healthcare providers.

“As an events-led business, it’s truly exciting to be able to add another event to our Life Sciences portfolio, and strategically tie the UBM Medica media properties to a fast-growing trade event.  The synergies between the two businesses will create great opportunities for growth.  What is particularly exciting about this acquisition is that THE Aesthetic Show increases UBM’s depth and breadth in the growing aesthetic market and will truly elevate our customers’ experience to a new level,” said Scott Schulman, CEO, UBM Americas.

UK, London & USA, New York, NY

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CBS Corporation acquires Network Ten in Australia

November 16, 2017 — Fusion DigiNet

CBSCBS Corporation has acquired Network Ten, one of three major commercial broadcast networks in Australia. The terms of the deal were not disclosed.

This transaction adds Network Ten to CBS Corporation’s global content and distribution portfolios. In addition to core linear channel TEN, the deal includes digital terrestrial television (DTT) channel ELEVEN, which CBS already had a stake in, as well as the DTT channel ONE and Network Ten’s rapidly growing digital platform, TENPLAY.

“The closing of this acquisition marks the beginning of an exciting opportunity to build and expand on our close working relationship and the great legacy of Network Ten in Australia, and to paving the way for further multiplatform distribution opportunities for CBS content,” said Leslie Moonves, Chairman and CEO, CBS Corporation. “I believe our ownership helps ensure that Network Ten’s business will grow long-term, while also benefiting the Australian Media sector as a whole. We look forward to welcoming Ten and its employees to the CBS family.”

USA, New York & The Netherlands, Amsterdam & Australia, Sydney

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A Fusion Deal: Green Power Global’s MIREC and AIREC Congresses sold to UBM

November 15, 2017 — Fusion DigiNet

UBMGreen Power Global has sold MIREC (Mexico International Renewable Energy Congress) and AIREC (Argentinian International Renewable Energy Congress to UBM plc. Fusion Corporate Partners acted as corporate advisor for Green Power Global. The Fusion team was led by Paul Slight, Director at Fusion. The terms of the deals were not disclosed.

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Paul Slight

Speaking about the sale, Fusion’s Paul Slight said, “Nadim (Chaudhry, Founder and President of Green Power Global) is passionate about renewable energy and has witnessed the ongoing transformation of LATAM through these two events over the last few years. We were delighted to find in UBM a like minded group with a developed strategy for renewables in LATAM and an established local presence in Mexico through Jaime Salazar Figueroa. Together Nadim and the UBM team will be best placed to advance these events in Mexico and Argentina and at the same time advance the progression of renewables in LATAM with all the socio and economic benefits that brings to the area.”

MIREC, Mexico’s largest clean energy event, runs annually and is now in its seventh year. Known for connecting international equipment and service solution providers with power generation developers, MIREC is considered the must attend event for wind and solar farm developers, corporate and industrial consumers of electricity, utilities, government and service providers.  The 2018 edition of MIREC will take place May 21-25 in Mexico City.

AIREC, Argentina’s leading annual clean energy congress and exhibition is now in its third year. At the forefront of Argentina’s renewable energy revolution, the event’s content covers the new regulatory environment in great detail and provides in-depth insight into legal and financing complexities.  The 2018 edition of AIREC will take place October 22-25 in Buenos Aires.

“What is particularly exciting about the acquisition of MIREC and AIREC is that, in addition to building UBM’s presence in Latin America including our first event in Argentina, it helps establish the company in a space with so much promise—renewable energy.  UBM is strengthening its commitment to the future of renewable energy and is focused on developing a global portfolio of events that serves and stimulates this exciting sector,” said Scott Schulman, CEO, UBM Americas.

Nadim Chaudhry, Founder and President of Green Power Global, commented, “This new partnership with UBM will allow the events to benefit from the strength of UBM’s existing global portfolio of clean energy events, like Renewable Energy Expo India and the Battery Show, and to grow their level international participation.”

USA, New York & UK, London

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Comexposium acquires Euromoney’s wine exhibitions portfolio

October 31, 2017 — Fusion DigiNet

WBWEComexposium Holding SAS, the French exhibitions has acquires Adhesion Group S.A. and its 74% stake in World Bulk Wine Exhibition, S.L. from Euromoney Institutional Investor PLC. Comexposium also completed a transaction to acquire 16% stake of World Bulk Wine Exhibition from Pomona Keepers S.L. to own a 90% stake of the event.

Adhesion Group is a Paris-based exhibitions business which Euromoney has owned for over 20 years. Its principal event, Vinisud, is the international trade fair for Mediterranean wines, the world’s leading wine region, and it attracts around 1,650 exhibitors from countries around the Mediterranean. World Bulk Wine Exhibition runs in Amsterdam each November and is the number one event for buyers of bulk wine. The deal also includes three events World Wine Meetings (one-to-one events on wine), Top Transport (one- to-one event on Transport & Logistics) and MedFEL (one-to-one event on Mediterranean Fruit & Vegetables).

Commenting on the transaction, Renaud Hamaide, Chairman of Comexposium, said:

“Comexposium is continuing to build businesses in strategically important industry sectors and the acquisition of Adhesion Group and World Bulk Wine Exhibition increases our presence in the wine sector. This move is confirming the group’s ambitions to expand internationally its operations in markets with further potential for growth. I am delighted that Ahmad Monhem, Vincente José Sanchez-Migallon, Otilia Romero de Condes and their respective teams will be working with Comexposium to strengthen our presence in 3 sectors: Wine, Transportation, Fruit & Vegetables.”

France, Paris & UK, London

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WPP invests in digital content company Fatherly in the US

October 27, 2017 — Fusion DigiNet

wppWPP is taking a minority stake in IR Media Ventures Corp. (“Fatherly“), a digital media company producing content for millennial parents in the US.

Fatherly’s advertising and branded-content clients include Johnson & Johnson, Mattel, Inc. and the New York Life Insurance Company. Fatherly is based in New York and employs approximately 40 people. It was founded in 2015. Other investors in the Series A round include BDMI, the investment arm of Bertelsmann, Crosslink, Lerer Hippeau Ventures, SoftTechVC and the United Talent Agency.

Fatherly has worked with over 100 brands to date, developing and distributing native advertising, custom videos and custom branded content. It has created franchise series such as “940 Weekends,” which is a reference to the number of weekends parents have to spend with their children between birth and the age of 18, “My Father The…,” a series of interviews with the sons and daughters of famous men, and its upcoming “Father of the Year” awards.

WPP’s digital revenues were over US$7.5 billion in 2016, representing 39% of the Group’s total revenues of US$19.4 billion. WPP has set a target of 40-45% of revenue to be derived from digital in the next four to five years. Digital represented 41% of WPP’s revenues as of June 30, 2017. In North America, WPP companies (including associates) collectively generate revenues of US$7.5 billion and employ almost 29,000 people.

UK, London & USA, New York, NY

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Zinc Media Group to acquire Tern Television Productions

October 25, 2017 — Fusion DigiNet

ZincZinc Media Group plc, the TV and multimedia content producer, is to acquire Tern Television Productions Limited, for up to £5.45 million.

In the financial year ended 31 March 2017, Tern’s turnover was approximately £5.3m with profit before tax of approximately £0.3m.

Zinc Media will pay an initial £2 million for Tern, plus £1.1 million for surplus cash and an earnout consideration of up to £2.35 million.

Zinc is raising £3.5m before expenses in an oversubscribed share placing to pay for the deal.

Peter Bertram, Zinc Media’s Chairman, said, “We are delighted to announce this key acquisition for Zinc Media and are delighted to welcome the highly regarded Tern Television team into the Company. We believe this acquisition will place us in a strong position to further expand and grow in an industry which is experiencing ever-increasing demand for original content, due to the rapid growth of connected devices and new TV platforms.”

Tern, established in 1988, is an independent TV production company specialising in factual TV production. The company has key production bases in Scotland and Northern Ireland and typically produces over sixty hours of TV annually for UK broadcasters, including the BBC, Channel 4 and Sky 1, as well as international broadcasters such as Discovery, PBS and National Geographic Channels.  It has won numerous awards including BAFTAs, Prix Italia, Royal Television Society awards and a Cine Golden Eagle. Tern has a profitable track record and reported an increased turnover of approximately £5.3m in the financial year ended 31 March 2017, up from approximately £4.4m in the year ended 31 March 2016.  

UK, Scotland, Edinburgh & Aberdeen

 

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