M&A Deal Summary

Candle Acquires Hello Sunshine

On August 2, 2021, Candle acquired digital media company Hello Sunshine from Otter Media

Acquisition Highlights
  • This is Candle’s 1st transaction in the Digital Media sector.
  • This is Candle’s 1st transaction in the United States.
  • This is Candle’s 1st transaction in California.

M&A Deal Summary

Date 2021-08-02
Target Hello Sunshine
Sector Digital Media
Buyer(s) Candle
Sellers(s) Otter Media
Deal Type Divestiture

Target

Hello Sunshine

Los Angeles, California, United States
Hello Sunshine is a consumer-facing content company dedicated to telling female-driven stories that plans to create, curate and discover powerful content by and for women across all platforms. Hello Sunshine was formed in 2016 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Candle

West Hollywood, California, United States

Category Company
Founded 2021
Sector Media
DESCRIPTION

Candle is an independent, creator-friendly home for cutting-edge, high-quality, category-defining brands and franchises that is built for the digital age. By bringing together elite talent operating at the intersection of content, community, and commerce, it helps position leading entertainment businesses for accelerated, sustainable growth in the current market and beyond. Candle was founded in 2021 and is based in West Hollywood, California.


DEAL STATS #
Overall 1 of 3
Sector: Digital Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 3
Country: United States M&A 1 of 3
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 Attn:

Los Angeles, California, United States

Attn: is a social storytelling company that bridges entertainment with topical issues to explain the world around us. They have created original series for Facebook, Instagram, TikTok, YouTube and Twitch, as well as for networks including ABC, NBC, CBS, MTV, Freeform and Discovery and streaming services like Hulu and Apple TV. ATTN:’s brand studio and creative agency have worked with some of the world’s most iconic brands including Amazon, Ford, Google, Intel, Mattel, P&G, Target and T-Mobile. Attn: is based in Los Angeles, California.

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Seller(S) 1

SELLER

Otter Media

Los Altos, California, United States

Category Company
Sector Software
DESCRIPTION

Otter Media, Inc. (Kincast) is a provider of software services for media industry.


DEAL STATS #
Overall 1 of 1
Sector: Digital Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Hello Sunshine

Los Angeles, California, United States

Hello Sunshine is a consumer-facing content company dedicated to telling female-driven stories that plans to create, curate and discover powerful content by and for women across all platforms. Hello Sunshine was formed in 2016 and is based in Los Angeles, California.

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