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  6. Lightricks Acquires Popular Pays

M&A Deal Summary

Lightricks Acquires Popular Pays

On March 23, 2022, Lightricks acquired software company Popular Pays from Beringea

Acquisition Highlights
  • This is Lightricks’ 1st transaction in the Software sector.
  • This is Lightricks’ 1st transaction in the United States.
  • This is Lightricks’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-03-23
Target Popular Pays
Sector Software
Buyer(s) Lightricks
Sellers(s) Beringea
Deal Type Add-on Acquisition

Target

Popular Pays

Chicago, Illinois, United States
Popular Pays is a software company that connects brands with creators to enable an agile approach to advertising for brands, and powerful monetization opportunities for creators. Popular Pays was founded in 2013 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Lightricks

Jerusalem, Israel
Category Company
Sector Internet Software and Services
DESCRIPTION

Lightricks is a platform for content creators and developers for photo and video editing tools such as Videoleap, Facetune2, Facetune Video, and Photoleap. Lightricks is based in Jerusalem, Israel.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Beringea

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.

DEAL STATS #
Overall 34 of 46
Sector: Software M&A 3 of 5
Type: Add-on Acquisition M&A Deals 21 of 30
State: Illinois M&A 3 of 3
Country: United States M&A 15 of 19
Year: 2022 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 Exonar

Reading, United Kingdom

Exonar is a data discovery software to protect and power organizations and the people they serve. Exonar specializes in next-generation data loss prevention (DLP). Exonar was founded in 2007 and is based in Reading, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Blis

London, United Kingdom

Blis is an advertising technology company that uses location and demographic data to define digital audiences. Blis provides the most accurate location data and rich contextualized consumer behavioral insights for advertisers. Blis was founded in 2004 and is based in London, United Kingdom.

Sell -
Mergr

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