M&A Deal Summary |
|
|---|---|
| Date | 2022-07-27 |
| Target | Peerless Network |
| Sector | Communications |
| Buyer(s) | Infobip |
| Sellers(s) |
Adams Street Partners
Escalate Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 200M USD |
| Advisor(s) | Moelis & Co. (Financial) DLA Piper (Legal) |
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Infobip is a global cloud communications platform that enables businesses to build connected customer experiences across all stages of the customer journey at scale, with easy and contextualized interactions over customers’ preferred channels. Accessed through a single platform, Infobip’s omnichannel engagement, identity, user authentication security and contact center solutions help clients and partners overcome the complexity of consumer communications, grow their business and increase loyalty– all in a fast, secure and reliable way. Infobip was founded in 2006 and is based in London, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2022) | 2 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-12 |
Netokracija
Zagreb, Croatia Netokracija is a digital media company for startups, digital marketing, and technology folks, providing insightful content to its strong online community. Netokracija was founded in 2009 and is based in Zagreb, Croatia. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1972 |
| PE ASSETS | 60.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 90 of 96 |
| Sector (Communications) | 4 of 4 |
| Type (Add-on Acquisition) | 46 of 51 |
| State (Illinois) | 7 of 7 |
| Country (United States) | 83 of 88 |
| Year (2022) | 2 of 3 |
| Size (of disclosed) | 12 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-08 |
Mineralys
Radnor, Pennsylvania, United States Mineralys is a clinical-stage biopharmaceutical company focused on developing medicines to target diseases driven by abnormally elevated aldosterone. Its initial product candidate, lorundrostat, is a proprietary, orally administered, highly selective aldosterone synthase inhibitor that the company is initially developing for the treatment of patients with uncontrolled hypertension. Mineralys was founded in 2020 and is based in Radnor, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-05 |
Lever
San Francisco, California, United States Lever is a recruiting software that supports the hiring needs of over 1,300 leading companies around the globe including the teams at Netflix, Lyft, Hot Topic, and Owens-Illinois. Lever is designed with integrated ATS and CRM functionality, and features a modern interface that helps employers develop stronger candidate relationships in fewer clicks. Lever was founded in 2012 and is based in San Francisco, California. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 830M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Escalate Capital Partners is a private investment firm focused on providing capital to expansion and late-stage companies. The Firm focuses its investment activity within the technology, life sciences, and service-based industries. Prospective financing solutions include senior, subordinated and mezzanine debt. Escalate's target investment size is $5 to $30 million. Escalate Capital Partners has offices in Menlo Park, California and Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 37 |
| Sector (Communications) | 4 of 4 |
| Type (Add-on Acquisition) | 21 of 24 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 34 of 37 |
| Year (2022) | 2 of 4 |
| Size (of disclosed) | 7 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-01 |
Needle
Lehi, Utah, United States Needle engages in advocate-powered customer experience, helps businesses bring the power of human connections to e-commerce. Needle’s CX software identifies online customers who need help and matches them, via real-time online chat, with certified advocates who have first-hand knowledge of the product and passion for the brand. Needle was founded in 2010 and is based in Lehi, Utah. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-10 |
Entelo
San Francisco, California, United States Entelo engages in recruiting automation, applying predictive analytics and AI to help find, qualify, and engage with the best talent for the organization. From eliminating unconscious bias within the sourcing process to offering a completely automated sourcing and outreach mode, Entelo goes above and beyond the typical search functionality of a sourcing platform. Entelowas founded in 2011 and is based in San Francisco, California. |
Sell | - |
