Rearview Mirror: M&A and Private Placements for the Period Ending June 17th, 2014

BLPA’s Rearview Mirror

For the Period Ending June 16, 2014

Mergers & Acquisitions & Private Placements

 

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IMG_0930The temperature is slowly rising, finally getting into the high 80’s.  It’s been infrequent, that we get anywhere close to the 90’s, but we’re close.  The pugs melt in that sort of weather, and their outside sorties are limited to very short jaunts out and back, lest they expire.

Physical Therapy on the knee is being ratcheted up.  They already have me doing ankle weights, steps and squats.  Next up will be the five pound ankle weights.  The goal is knee flexibility, mobility and strength.  The exercises start at 15 minutes twice a day, and grow to an hour twice a day.  A significant, but necessary, time commitment.

Mergers & Acquisitions[1]

(11 transactions)

Please click on the highlighted text to read more information on the transaction.

Imaging

Skybox Imaging, which has the world’s smallest high-resolution imaging satellite, is being acquire by Google for $500m.  Yes, it’s not only internet companies that fetch large valuations.

Media, Ads, Marketing

Adconion Media Group is being acquired by Amobee to create “global digital marketing and technology leadership”for $235m.

Kontera, which supplies big data analytics for marketing professionals, is being acquired by Amobee for $150m.

MobileSpan is being acquired by Dropbox, to expand their reach into the corporate world through secure access with BYOD’s.

Video/Storage

“Troubled”flash memory systems provider, Fusion-io. is being acquired by SanDisk for $1.2b.

Minnesota-based, Milestone Systems, the leader in video management software and solutions, is being acquired by Canon.

AdColony, an HD mobile video ad network, is being acquired by Opera Software.

Apps

OpenTable, the online restaurant reservation company which finally has traction, acquired by Priceline for $2.6b

Russia

Russian auto sales site, auto.ru is being acquired by Yandex, a Russian search engine index, for $175m.

China

Mobile browser, UCWeb, is being acquired by Alibaba.

Hong Kong-based mPayMe, a mobile payments company, is being acquired by Powa Technologies for $75m.

Private Placements[2]

(12 transactions)

Please click on the highlighted text to read more information on the transaction.

App

Handybook, a home handyman finder, raised a $30m Series B round.

Redmond Washington-based Glympse,which has developed an app that I use and highly recommend, raised a $12m Series C round.  I haven’t figured out the monetization, but I’m sure it’s coming.  They have partnered with Verizon, BMW, Pioneer, Ford, MiniCooper, Mercedes Benz, Gogo,and Samsung among others. Just as Waze started inserting ads in the stream, these guys may also do so . . .

about.me raised an $11m Series B round.

Media/Consumer Analytics

Placed, which provides a complete understanding of what consumers do in the physical world, and then turns the information into actionable insights, raised a $10m Series B round.

SiSense, a business intelligence and dashboard software company, raised $30m.

Krux, a cloud-based data management software, raised a $35m Series B round.

Vizury, with industry-driven personalized ad retargeting solutions, raised a $16m Series C round.

VigLink, a platform on which site-to-site clicks are priced, bought and sold, raised an $18m Series C round.

Software

Procore Technologies, which is cloud-based construction software, raised a $15m Series D round.

Freshdesk, a multi-modal customer support company, raised a $31m Series D round.

FireArms

Austin-based TrackingPoint, which  makes precision-guided firearm systems, raised $29m.

Therapeutics

Chrono Therapeutics raised a $32m Series A round for smoking cessation with a wearable bracelet.

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All the best,

 

Margaret Johns

Founder, BlueLake Partners, LLC

 

SiVal_LogoJan Robertson

SiVal Advisors, LLC

 

 

 

 

Bic Stevens

Stevens Capital Advisors

 

Chartworth2Susan Woods and Vlad Harris

Chartworth, LLC

Margaret Johns is the Founder and Chairman of BlueLake Partners, a boutique M&A investment bank based in the Greater Boston Area.  Prior to founding BlueLake she was an employee founder and Managing Director at Needham & Company where she worked in Corporate Finance in New York City and headed up its Boston office.  She now lives in Londonderry, New Hampshire with her husband, 16 year old step-daughter and three pugs.  When she’s not working with clients, FINRA or writing blogs she competes on the Granite State Penguins Masters Swim Team, skis, rides her bike or is out walking her pugs.

Content researched, edited and reviewed on a best efforts basis.

This newsletter is currently being proofed by Dave Henshaw, which is much appreciated. Dave is my USMS swimming lane mate, and Granite State Penguin team-mate.  He is retired from MIT, where he used to produce and proof their annual financial report.  Exactly what we need.

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We make no claim to being comprehensive in our review, as the contents are companies and topics we, ourselves, find of interest.

[1] TechCrunch, WSJ, websites

[2] Techcrunch, company websites