Fusion Corporate Partners

EQT and GIC acquire Springer from Cinven and Candover

December 11, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION
FDN Database Reference: F231109-268

Acquirer: EQT and GIC
ACQ Web: www.eqt.se & http://www.gic.com.sg/
Location: Sweden and Singapore
Region: Europe, Asia
Description: “EQT is a group of private equity funds

GIC is a global investment management company established in 1981 to manage Singapore’s foreign reserves. ”
Category: Private Equity, Investment
Contact 1: Conni Jonsson, Managing Partner and CEO, EQT
Contact 2: Paul de Rome, Senior Partner, EQT
Contact 3: Dr Tony Tan Keng Yam, Deputy Chairman & Executive Director, GIC
Contact 4: Lim Siong Guan, Group President, GIC

Vendor: Springer Science+Business Media
Vendor Web: http://www.springer-sbm.com
Location: Germany, Berlin
Region: Europe
Description: The Springer Group is the world’s second largest scientific, technical and medical (STM) publisher and a leader in the digitalization of scientific information.
Category: Media
Contact: Derk Haank, Springer’s CEO

Aprox. Value: Undisclosed. Bloomberg reports that the sale will generate cash proceeds of 11.4 million pounds ($18.6 million). EQT will own 82 percent of Springer and the Government of Singapore Investment Corp., manager of more than $100 billion of the city’s foreign reserves, will hold the rest

Details: The Board of Directors of Springer Science+Business Media (Springer Group), composed of Springer executives and representatives of Cinven and Candover, have agreed to accept an offer from and have signed a sales agreement with a partnership of EQT, a private equity investor based in Sweden, and GIC, a Singapore-based co-investor, for all shares of the Springer Group. Furthermore, EQT and GIC have agreed to inject new equity into the Springer Group, to strengthen its balance sheet and decrease the overall cost of funding. A refinancing agreement with a syndicate of banks will give the Springer Group medium-term stability by removing imminent potential refinancing issues.

The acquisition is subject to examination and approval by European, US and national competition authorities. This process is expected to be finished by mid to late January or early February 2010.”

Link: Press Release

Posted in ~Asia, ~Europe. Leave a Comment »

CloudShare Lands $10M in Series B Funding

December 11, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

FUND RAISING
Database Reference: F231109-284

Business: CloudShare
Web: http://www.cloudshare.com
Location: USA, Palo Alto, CA
Region: North America
Business description: A way for organizations to instantly deploy multiple, independent copies of their existing demo or training environments in the cloud.
Category: Technology
Contact 1: Zvi Guterman, CEO of CloudShare
Contact 2: George Zachary, Partner at Charles River Ventures

Investors: Sequoia Capital, Gemini Capital, and Charles River Ventures (CRV).

Round: Round B
Amount raised: $10,000,000

Details: CloudShare, formerly IT Structures, has received $10M in series B financing. The company plans to use the investment to fund product development and expand its go-to-market capabilities.

Link: Press Release

Posted in ~North America. Leave a Comment »

e5 Global Media to acquire 8 Nielsen media brands

December 10, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION
FDN Database Reference: F231109-267

Acquirer: e5 Global Media
Location: USA, New York, NY
Region: North America
Description: A new company formed jointly by Pluribus Capital Management, a media private equity partnership, and Guggenheim Partners, a global diversified financial services firm
Category: Media
Contact 1: James A. Finkelstein, Pluribus (will become Chairman of e5 Global Media)
Contact 2: Matthew Doull, Pluribus
Contact 3: George Green, Pluribus
Contact 4: Todd Boehly, Managing Partner, Guggenheim Partners

Vendor: Nielsen Business Media
Vendor Web: http://www.nielsen.com
Location: USA, New York & Los Angeles
Region: North America
Description: Global information and media company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence, mobile measurement, trade shows and business publications.
Category: Media
Contact: Greg Farrar, President of Nielsen Business Media

Aprox. Value: Undisclosed. Some media reports say $70,000,000

Details: e5 Global Media has signed a definitive agreement to acquire eight brands from The Nielsen Company. The brands being acquired are AdweekMedia (which includes Adweek, Mediaweek and Brandweek), The Hollywood Reporter, Billboard, Backstage, The Clio Awards and Film Journal International. E5 Global Media will also acquire the Film Expo business, which includes ShoWest, ShowEast, Cinema Expo International and CineAsia trade shows.

Link: Press Release

Posted in ~North America. Leave a Comment »

Pageonce raises $6.5M

December 10, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

FUND RAISING
Database Reference: F231109-283

Business: Pageonce
Web: http://www.pageonce.com/
Location: USA, Palo Alto, CA
Region: North America, Middle East & Africa, Europe
Business description: Smartphone personal information management company. Its flagship application, ‘Personal Assistant’ enables tracking personal finance, travel, bills, cell phone minutes and shopping.
Category: Mobile: Technology
Contact 1: Guy Goldstein, Co-Founder and CEO, PageOnce
Contact 2: Liron Petrushka, Chairman, PageOnce
Contact 3: Eitan Bek, partner, Pitango

Investors: The round was led by the leading Israeli Venture firm Pitango Venture Capital and brings the total raised to date to $10M.

Amount raised: $10,000,000

Details: Pageonce has closed a $6.5M new round of venture funding. Pitango Partner Eitan Bek will join Pageonce’s board of directors. Pageonce is backed by Pitango Venture Capital and HillsVen Capital as well as other prominent Silicon Valley angels including Liron Petrushka who serves as Chairman of Pageonce. Pageonce is headquartered in Palo Alto, Calif., with a development team in Kfar Saba,Israel.

Link: Press Release

Posted in ~Asia, ~Europe, ~Middle East & Africa. Leave a Comment »

MOL Global to Acquire Friendster

December 10, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION
FDN Database Reference: F231109-266

Acquirer: MOL Global
ACQ Web: http://www.molglobal.com
Location: Malaysia, Kuala Lum
Region: Asia
Description: MOL is a MSC Malaysia Status Company that operates and develops payment systems.
Category: Payments
Contact 1: Tan Sri Vincent Tan, Chairman
Contact 2: Ganesh Kumar Bangah, president and chief executive officer

Vendor: Friendster
Vendor Web: http://www.friendster.com
Location: USA, Mountain View, CA
Region: North America
Description: Leading social network in Asia. With more than 115 million members worldwide.
Category: Social Network
Contact: Richard Kimber, chief executive officer

Aprox. Value: Undisclosed

Details: The combined entity will maintain offices in various locations, around the world, including Mountain View, CA (USA), the Philippines, Malaysia and Singapore. Ganesh Kumar Bangah will become the Group Chief Executive Officer of the combined entity while Richard Kimber will become the Non-Executive Chairman.

Link: Press Release

Posted in ~Asia, ~North America. Leave a Comment »

Advertising network Rocket Fuel has raised $2.85M

December 10, 2009 — Fusion DigiNet

Link: Regulatory Filing

Posted in ~North America. Leave a Comment »

GOGII, next generation texting app textPlus, has raised $8.2M

December 10, 2009 — Fusion DigiNet

Investors: Led by Matrix Partners, with existing investor Kleiner Perkins Caufield & Byers also participating in the round. The company was founded in 2008 by the three founders of JAMDAT Mobile, the leading mobile entertainment publisher that was acquired by Electronic Arts in 2006.

Amount raised: $8,200,000

Details: GOGII, Inc., the creator of the next generation texting application textPlus, announced today that it has raised $8.2 million in a round of financing. The new funding is the second round of successful financing for the quickly growing mobile start-up, which raised a Series A round from Kleiner Perkins’ iFund in December 2007.

Link: Press Release

Posted in ~North America. Leave a Comment »

Newsy.com owners, Media Convergence Group, raise $450K

December 10, 2009 — Fusion DigiNet

Details: Media Convergence Group, the company that owns newsy.com, has raised $450,000 worth of a $2 million first round of funding.

Link: Regulatory Filing

Posted in ~North America. Leave a Comment »

Bloomberg Acquires Clean Energy Data Leader New Energy Finance

December 10, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION
FDN Database Reference: F231109-265

Acquirer: Bloomberg L.P.
ACQ Web: http://www.bloomberg.com
Location: USA, New York, NY
Region: North America
Description: Data, news, analytic and trading tools for businesses and financial professionals. BLOOMBERG PROFESSIONAL®, BLOOMBERG TELEVISION®, BLOOMBERG RADIO®, BLOOMBERG MARKETS®,BLOOMBERG BUSINESSWEEK and BLOOMBERG.COM®
Category: Trade data, Information
Contact 1: Peter T. Grauer, chairman
Contact 2: Beth Mazzeo, head of global data

Vendor: New Energy Finance
Vendor Web: http://www.newenergyfinance.com/
Location: United Kingdom, London
Region: Europe
Description: News, data and analysis on renewable energy, carbon markets, energy efficiency, biofuels, carbon capture and storage, and nuclear power. New Energy Finance was founded in 2004 and serves banking, private equity and venture capital investors, asset managers, manufacturers, oil and gas companies, utilities, NGOs, development banks and governments.
Category: Trade data, Information
Contact 1: Michael Liebreich, chairman and CEO
Contact 2: Guy Turner, director of carbon market research

Aprox. Value: Undisclosed

Details: Bloomberg Acquires Clean Energy Data Leader New Energy Finance. “New Energy Finance and Bloomberg have complementary expertise and data that will help set new standards, increase market liquidity and provide our customers with incomparable investment tools to establish a global framework for these markets,” said Beth Mazzeo, head of global data at Bloomberg.

Link: Press Release

Posted in B2B Services, Content Media, Energy & Environmental Services, Market Data & Information, Publishers, ~Europe, ~North America. Leave a Comment »

Enterprise search business Coveo raises $8.2M

December 9, 2009 — Fusion DigiNet

Contact 1: Louis Tetu, Executive Chairman, Coveo
Contact 2: Laurent Simoneau, President and CEO, Coveo
Contact 3: Réjean Asselin, BDC Venture Capital Director
Contact 4: Charles Sirois, Chairman of Telesystem Ltd. and Propulsion Ventures
Contact 5: Gaétan Morin, executive vice president of investments, The Solidarity Fund QFL

Investors: Led by the Business Development Bank of Canada (BDC Venture Capital), and included all existing major investors, among them Propulsion Ventures SEC, The Solidarity Fund QFL, and Coveo Chairman Louis Têtu

Round: Round B
Amount raised: $8,200,000

Details: Coveo has completed it $8.2M Series B financing. It plans to use the proceeds of the financing to fund its ongoing expansion. The company plans to hire an additional 60 employees over the next two years and accelerate its industry-leading product development.

Link: Press Release

Posted in ~North America. Leave a Comment »

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