XLMedia acquires websites from Good Game Ltd for €15M

XLMediaXLMedia, a provider of digital performance marketing, has agreed to acquire a number of leading Finnish gambling-related informational websites from Good Game Ltd for a total cash consideration of up to €15 million. The acquisition is expected to complete during the first quarter of 2018 and to be immediately earnings enhancing in the current financial year following completion.

The marketing services company said the acquired websites recorded €1.7 million revenue and earnings before interest, tax, depreciation and amortisation margin of “at least” 75% in the year ended November 2017, implying Ebitda of around €1.3 million.

The deal involves an initial consideration of €7.0 million payable with milestones related to the transfer of assets which is expected to take place over three months. A further €7.0 million will be payable contingent on “significant growth in performance” of the acquisition over the subsequent six months.

XLMedia will also pay a share of revenues from the acquisition over the three months transition period. This is expected to amount to around €500,000 but is capped at €1.0 million.

The acquisition comprises a leading network of gambling-related websites focused on web and mobile traffic, specialising in casino games. Active since 2009, the websites provide visitors with useful information such as reviews of online casino websites, comparison of promotions offered by different brands and information on payment solutions. Traffic to and followers of the websites has steadily grown since inception and they now refer a significant number of players to their customers’ websites.

Chief Executive Officer of XLMedia, Ory Weihs, commented: “As we develop our business, we continue to capitalise on the infrastructure we have built, and take opportunities to expand further through acquisitions. With our current network, technology and sector expertise, the additional assets will be integrated easily into our operation, adding to our strong base of assets and recurring revenues. We are seeing good opportunities to buy additional assets in our key verticals, and we plan to continue acquiring domains and websites as part of our ongoing growth strategy.”

UK, Jersey, St. Helier & Malta, Gżira

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CRIF Acquires Vision-Net, a Leading Business Information Provider in Ireland

CRIFCRIF, a global company specialising in credit bureau, business information and credit solutions, has acquired Vision-Net, a leading provider of business information based in Dublin. The terms of the transaction were not disclosed.

Vision-Net provides immediate access to credit reports and business information on every company in Ireland and the UK. Established in 1991, its client portfolio includes some of Ireland’s leading corporate companies across the financial services, legal and accountancy sectors, as well as listed companies, public sector bodies, multinationals and indigenous SMEs.

Carlo Gherardi, President and CEO of CRIF, said, “Our vision is built on developing new partnerships to strengthen what we offer to our clients and anticipate market needs. By combining the strength of CRIF’s global know-how and experience with Vision-Net’s distinctive expertise, we will help our clients to seize new opportunities and open up new possibilities for growth and innovation.”

USA, Atlanta, GA & Ireland, Dublin

YouGov acquires Galaxy Research in Australia

YouGovYouGov plc, the market research and data analytics group, has acquired Galaxy Research Pty Ltd, a market research agency in Australia. The terms of the deal were not disclosed.

Galaxy, based in Sydney, has a market research offering comparable to YouGov’s Data Services offering. The agency known in the Australian market for opinion polling and as the administrator of the local political opinion polling brand, Newspoll.

YouGov’s existing Australian business, established two years ago, operates in keeping with YouGov’s core model of using data collected from its proprietary panel of members to provide syndicated data products and services. The combined business will be in a position to expand its data products and services offering.

GalaxyDavid Briggs, the founder and Managing Director of Galaxy, will lead the combined business and team of 11 employees in Australia, which will initially operate under the brand YouGov Galaxy.

Stephan Shakespeare, CEO of YouGov, commented: “With its reputation for accuracy and an excellent roster of corporate market research clients, Galaxy was an obvious fit for the YouGov Group. This acquisition increases our presence in Australia which is a significant market and one which is strategically important to our international clients.”

UK, London & Australia, Sydney

Information Publishing PLC Acquires Financial Data Provider CapitalTrack

CapitalTrackInformation Publishing PLC has announced the acquisition of CapitalTrack, a data provider of Floating Rate information to the Fixed Income market. The terms of the deal were not disclosed.

Established in January 2000, CapitalTrack Ltd is a financial data management company based in the UK, that maintains the largest independent, on-line Repository of static and event-based operational data for Fixed Income securities, with special focus on the Floating and Variable Rate space.

Michael Kaufman, Chief Financial Officer of Information Publishing, said, “We are pleased to welcome the CapitalTrack clients, suppliers and team into the Information Publishing PLC family, and to be adding their first-class database – covering Floating Rate, Asset Backed and Structured Securities markets – to our expanding range of financial reference data products. This is the first of several acquisitions that we will be making to add to our datasets”.

London, Pewsey, UK

PenskeMedia acquires FashInvest

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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Dotdigital acquires Comapi group of companies

dotdigital

The dotdigital Group, the provider of intuitive software as a service (“SaaS”) and managed services to digital marketing professionals, has acquired Comapi, a business focused on the omni-channel messaging and cloud communication market.

Dotdigital will pay £11 million in cash plus a potential further £1.2 million in share options subject to performance targets over a 2 year post-acquisition period and remaining with the business.

Headquartered in Cheltenham with approximately 30 employees, Comapi has built a scalable software platform that allows businesses to communicate with their consumers across multiple conversational messaging channels including the growing market for live chat.

Comapi had revenues of £7.8 million which are primarily recurring and EBITDA of £1.2 million for the year ended December 2016. Revenues for Comapi in the current financial year are growing at approximately 15% based on their SAAS business model. The board expect there to be opportunities to further expand revenues once the integrations have been completed. Comapi has just completed a £2.7million R&D programme and on completion of the transaction will have a positive net asset position. The two subsidiaries combined are currently cash breakeven after spending roughly £1.0 million on R&D in the current year.

dotDigital Chief Executive Officer, Milan Patel, commented, “By adding Comapi to our business, dotdigital is executing on its vision to be an omni-channel marketing automation platform. Comapi has built an impressive platform that, integrated with our software, will allow our customers access to the next generation of consumer engagement marketing technology aiding retention and boosting our competitive advantage in securing new customers”.

UK, London & Cheltenham

ZPG Plc acquires Expert Agent

zpgZPG Plc has acquired Expert Agent. The terms of the deal were not disclosed. 

Established in 2003, Expert Agent provides cloud-based software solutions and systems for the day-to-day management of inventory, marketing and communications for estate agents and lettings agents across the UK. 

expertagentUntil February 2017 ZPG Plc was called Zoopla Property Group Plc. The company is already the owner of Zoopla, uSwitch, PrimeLocation, Hometrack and Property Software Group.

Expert Agent will continue to operate as a standalone platform and brand and the team will become part of the Property Services division of ZPG.

Mark Goddard, Managing Director, ZPG Property Services said, “This acquisition helps us continue to enhance the services we offer to UK property professionals, including software and CRM, digital marketing and data insight tools. We will integrate our MoveIT and MyPropertyFile products into the Expert Agent platform in time to provide its members with a range of new revenue opportunities. Our ambition is to be the most effective partner to the UK property industry and this deal is another step towards that goal. We look forward to welcoming Mike and his team to the ZPG family.”

UK, London

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