M&A Deal Summary

LightBox Acquires EDR

On March 13, 2018, LightBox acquired information services company EDR from Daily Mail and General Trust for 205M USD

Acquisition Highlights
  • This is LightBox’s 1st transaction in the Information Services sector.
  • This is LightBox’s largest (disclosed) transaction.
  • This is LightBox’s 1st transaction in the United States.
  • This is LightBox’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2018-03-13
Target EDR
Sector Information Services
Buyer(s) LightBox
Sellers(s) Daily Mail and General Trust
Deal Type Divestiture
Deal Value 205M USD

Target

EDR

Shelton, Connecticut, United States
EDR is a provider of real estate data and software-asa-service. The company’s solutions enable clients including environmental consultants and engineers, appraisers, and lenders to manage real estate due diligence processes efficiently and effectively.

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Buyer(S) 1

Buyer

LightBox

New York, New York, United States

Category Company
Founded 2018
Sector Information Technology
DESCRIPTION

LightBox is a provider of enterprise technology and information to real estate sector. With its Collateral360 SaaS platform and a broader suite of software and data products, LightBox enables clients across the real estate value chain to manage due diligence processes in areas such as lender underwriting, property appraisals, environmental reviews, compliance and risk management. LightBox was founded in 2018 and is based in New York City.


DEAL STATS #
Overall 1 of 6
Sector (Information Services) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 6
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 RealCapitalMarkets.com

Carlsbad, California, United States

RealCapitalMarkets.com LLC is the global marketplace for buying and selling CRE. RCM increases the speed, exposure, and security of CRE sales through its streamlined online platform. Solutions include integrated property marketing, transaction management, and business intelligence tools to unify broker-level and firm-level data and work flows. RCM has executed over 65,000 assignments with total consideration in excess of $2.3 trillion. Approximately 50% of all U.S. commercial assets sold, over $10 million, are brought to market using RCM’s online marketplace annually. L

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Seller(S) 1

SELLER

Daily Mail and General Trust

London, United Kingdom

Category Company
Founded 1896
Sector Media
Employees5,950
Revenue 885M GBP (2021)
DESCRIPTION

DMGT is an international group quoted on the London Stock Exchange with a portfolio of market-leading digital, information, media and events businesses. Daily Mail and General Trust was founded in 1896 and is based in London, the United Kingdom.


DEAL STATS #
Overall 8 of 11
Sector (Information Services) 1 of 2
Type (Divestiture) 8 of 10
State (Connecticut) 1 of 1
Country (United States) 5 of 7
Year (2018) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Elite Daily

New York, New York, United States

Elite Daily LLC is an online publication with great popularity among the millennials generation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Cazoo

London, United Kingdom

Cazoo is a provider and owns and fully reconditions all its cars before offering them for sale and delivering them free to customer’s doors in a convenient two-hour delivery slot. Every Cazoo car comes with a 7-day money-back guarantee, free comprehensive 90-day warranty, and roadside assistance. Buyers can purchase or finance one of the thousands of Cazoo cars entirely online as well as get an instant offer for any part exchange. Cazoo was founded in 2018 and is based in London, England.

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