M&A Deal Summary

NeuLion Acquires DivX

On January 30, 2015, NeuLion acquired digital media company DivX from StepStone Private Equity and Parallax Capital Partners for 63M USD

Acquisition Highlights
  • This is NeuLion’s 1st transaction in the Digital Media sector.
  • This is NeuLion’s largest (disclosed) transaction.
  • This is NeuLion’s 1st transaction in the United States.
  • This is NeuLion’s 1st transaction in California.

M&A Deal Summary
Date 2015-01-30
Target DivX
Sector Digital Media
Buyer(s) NeuLion
Sellers(s) StepStone Private Equity
Parallax Capital Partners
Deal Type Add-on Acquisition
Deal Value 63M USD

Target

DivX

San Diego, California, United States
website
DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. The DivX brand is recognized worldwide and supported by a community of millions of consumers.

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Buyer(S) 1

Buyer

NeuLion

Plainview, New York, United States

website

Category Company
Founded 2000
Sector Digital Media
Employees567
DESCRIPTION

NeuLion, Inc. offers solutions that power the highest quality digital experiences for live and on-demand content in up to 4K/HDR on any device. Through its end-to-end technology platform, NeuLion enables digital video management, distribution and monetization for content owners worldwide including the NFL, NBA, UFC, EFL, Euroleague, World Surf League, Univision, Sky Sports, Eleven Sports Network and others. NeuLion powers the entire video ecosystem for content owners and rights holders, consumer electronic companies, and third party video integrators through its MainConcept business. NeuLion’s robust consumer electronics licensing business enables consumer electronics manufacturers to provide a secure, high-quality video experience with premium screen resolution, up to Ultra HD/4K, across virtually all content formats, for a wide range of connected devices. NeuLion is headquartered in Plainview, NY.

DEAL STATS #
Overall 1 of 2
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Saffron Digital

London, United Kingdom

Saffron Digital Ltd. provides powers secure video delivery services offered to digital consumers on behalf of blue chip consumer device manufacturers, mobile operators and content providers.

Buy -

Seller(S) 2

SELLER

StepStone Private Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
Size Large
Type Sector Agnostic
DESCRIPTION

StepStone Private Equity is the private equity arm of StepStone Global, a global alternative investment and asset management firm. StepStone Private Equity manages and makes fund investments as well as co-invests in direct opportunities spanning buyout, venture, distressed, private debt, and energy. StepStone Private Equity is based in La Jolla, California.

DEAL STATS #
Overall 2 of 3
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 2 of 2
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 Ruby Receptionists

Portland, Oregon, United States

Ruby Receptionists is a technology-enabled provider of live, virtual receptionist services to small and medium businesses. Ruby Receptionists was formed in 2003 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Strata Fund Solutions

Salt Lake City, Utah, United States

Strata Fund Solutions is a full-service administration company providing high-quality administration and consulting services to the alternative investments industry. Strata Fund's focus is on unparalleled service to hedge funds, private equity funds, funds of funds, and managed accounts. Strata Fund Solutions was founded in 2008 and is based in Salt Lake City, Utah.

Buy -
SELLER

Parallax Capital Partners

Laguna Hills, California, United States

Investor Investor

website

Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Focused
DESCRIPTION

Parallax Capital Partners is a private equity firm focused on acquiring middle-market software and related technology companies. Prospective transactions include corporate divestitures, take privates, management buyouts, private company acquisitions, and recapitalizations. Target companies typically have $5 to $100 million in revenue and offer mission-critical products or services. Parallax will consider opportunities in North and South America, Europe, or Asia. Parallax Capital Partners was formed in 1999 and is based in Laguna Hills, California.

DEAL STATS #
Overall 6 of 11
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 4 of 9
State (California) 2 of 3
Country (United States) 5 of 10
Year (2015) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-25 Bunchball

Redwood City, California, United States

Bunchball, Inc. is a cloud-based platform to integrate game mechanics into non-game digital experiences.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Centercode

Laguna Hills, California, United States

Centercode is a provider of end-to-end Customer Validation SaaS and managed services solutions to global B2C and B2B enterprises. Its platform serves as the centralized workflow to address the quality assurance and customer experience needs of any organization by enabling the company to create custom tests, recruit and manage testers, collect detailed feedback and deliver actionable insights through its proprietary prioritization algorithm. Centercode was established in 2001 and is based in Laguna Hills, California.

Buy -
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