M&A Deal Summary

Graham Holdings Acquires Trove

On July 10, 2010, Graham Holdings acquired information technology company Trove from Crosslink Capital

Acquisition Highlights
  • This is Graham Holdings’ 1st transaction in the Information Technology sector.
  • This is Graham Holdings’ 4th transaction in the United States.
  • This is Graham Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2010-07-10
Target Trove
Sector Information Technology
Buyer(s) Graham Holdings
Sellers(s) Crosslink Capital
Deal Type Add-on Acquisition
Advisor(s) Ackrell Capital LLC (Financial)

Target

Trove

So. San Francisco, California, United States
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Buyer(S) 1

Buyer

Graham Holdings

Arlington, Virginia, United States
Category Company
Founded 1877
Sector Diversified
Employees14,110
Revenue 4.4B USD (2023)
DESCRIPTION

Graham Holdings is a diversified education and media company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and custom manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns Trove, a social news aggregator; SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Graham Holdings was founded in 1877 and is based in Arlington, Virginia.

DEAL STATS #
Overall 4 of 15
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 9
State (California) 1 of 2
Country (United States) 4 of 15
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Avenue100 Media Solutions

Woburn, Massachusetts, United States

CourseAdvisor is a premier online lead generation and marketing solutions provider for the post secondary education market. With more than 1.5 million unique visitors per month, CourseAdvisor.com has become a leading online education directory (OED) featuring information on more than 6,000 programs offered at colleges and universities throughout North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Celtic Healthcare

Mars, Pennsylvania, United States

Celtic Healthcare, Inc., is dedicated to providing patients with “Innovative Healthcare at Home.” It takes much more than compassionate care to achieve this. We incorporate the most innovative technology into our Homecare, Hospice, and Virtual Care services. By streamlining the administrative and clinical processes and procedures, Celtic Healthcare delivers extraordinary customer communication, boosts healthcare outcomes, and enhances the quality of life for our patients and their families.

Buy -

Seller(S) 1

SELLER

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.

DEAL STATS #
Overall 16 of 60
Sector (Information Technology) 8 of 14
Type (Add-on Acquisition) 10 of 43
State (California) 9 of 42
Country (United States) 16 of 59
Year (2010) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-03 Kingston Technology

Fountain Valley, California, United States

Kingston Technology is a manufacturer of memory and storage solutions. Kingston supplies top-tier data centers, cloud providers and PC manufacturers, as well as companies developing the next trends in smart devices. Kingston Technology was founded in 1987 and is based in Fountain Valley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-13 hi5

San Francisco, California, United States

hi5 Networks, Inc. operates social network portals for social entertainment and gaming for youth markets in Latin America, Europe, Asia, and Africa. Its portals offer fun, expressive, and interactive entertainment experience to users internationally.

Buy -
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