Rearview Mirror: M&A Ending April 11th

Rearview Mirror

Mergers & Acquisitions

Two Weeks Ending April 11, 2014[1]

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First Spring flowers
First Spring flowers

So, you’re wondering how things went with the IRS and my knee.  Two appointments on the same day.  First the knee:  Torn meniscus, surgery May 1st.  A good friend who has gone through a knee replacement at New England Baptist (Boston’s foremost sports orthopedic hospital) quickly disabused me of the concept that it was a routine, in-and-out procedure.  On to a second opinion.

As for the IRS, I had no idea how dangerous working for the IRS could be.  The stories I heard about “surprise” visits to agents’ houses truly had the hair standing up on the back of my neck.  Anyway, that too shall pass.

Finally, Spring is making an appearance, with the first flowers to have “popped,” with indications of tulips and daffodils to follow.

Advertising/Media

Digital advertising company, Sociomantic Labs, is being acquired by dunnhumby for $100m.  dunnhumby is Tesco’s (UK’s supermarket giant) data science group.

Datamonk, a mobile targeting platform, is being acquired by the HitFox Group.  The HitFox Group is an incubator in Berlin, San Francisco and Seoul.

Big Frame, which has a network of 300 YouTube channels and 39 subscribers, is being acquired by AwesomenessTV for $15m.  AwesomenessTV, a teen-focused YouTube network, is a division of DreamWorks Animation.

French social TV startup, Mesagraph, is being acquired by Twitter.

UK social TV startup, SecondSync, is being acquired by Twitter

Fuse TV acquired by Jennifer Lopez’s nuvoTV for $226m

Personalized music service, Playground.fm, is being acquired by Jawbone.

Apps

Lovely acquired by RentPath for $13m.  RentPath is based in Atlanta and is a search company for home and apartment renters.  Lovely is a mobile powered rental marketplace.

Legacy ticket sales service Telentrada, is being acquired by Spanish ticketing startupTicketea.

Singapore-based Zopim acquired by Zendesk for $30m.  Zopim makes live-chat apps.

Medical/Bio

Nordion, a leader in medical isotopes and sterilization services is being acquired by SeriGenics International , a leader in sterilization services, is being acquired for $800m.  SeriGenics is owned by GTCR, an LBO group.

Aptiv Solutions, a global biopharmaceutical and medical device development services company is being acquired by ICON plc for $144m.

Platforms/Software

Cloud-based mobile security vendor, Metaforic is being acquired by Inside Secure for $12m with a possible $4.5m earn out.

Interfacial Solutions, the leading provider of idea-to-production contract R&D services to the plastics industry, is being acquired by Stratasys.

Readmill, an independent reading platform, is being acquired by Dropbox.

Longreads, a web-based story-telling platform, is acquired by Automatic, the developer and publisher of WordPress.

Compilr, an online compiler and IDE, is being acquired by lynda.com for $20m.

Technology

Truesense Imaging, a developer of high performance image sensor devices, is being acquired by ON Semiconductor for $92m

Global cloud hosting company, TITAN GS, is being acquired by Velocity Technology Solutions for $80m.

Solid Concepts, a rapid prototyping and custom manufacturing company, is being acquired by Stratasys for $295m.

IQuum, a leader in molecular diagnostics, is being acquired by Roche Holding AG for $450m.

India

Fashion retailer, Myntra, acquired by India-based eCommerce vendor Flipkart for $330m.  Tiger Global and Accel are investors in both companies.

 

Please send me any comments or feedback.

Margaret Johns

Founder, BlueLake Partners, LLC

Affiliates:

Jan Robertson
SiVal Advisors, LLC

Susan Woods and Vlad Harris
Chartworth

———————-

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, 17 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

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

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.


[1] TechCrunch newsletters, Company websites, and other technology press