M&A Deal Summary

OpenWeb Acquires Jeeng

On January 6, 2023, OpenWeb acquired information technology company Jeeng from GIMV

Acquisition Highlights
  • This is OpenWeb’s 1st transaction in the Information Technology sector.
  • This is OpenWeb’s 1st transaction in Israel.

M&A Deal Summary

Date 2023-01-06
Target Jeeng
Sector Information Technology
Buyer(s) OpenWeb
Sellers(s) GIMV
Deal Type Add-on Acquisition
Advisor(s) JMP Securities (Financial)

Target

Jeeng

Tel Aviv, Israel
Jeeng provides personalized, automated and multichannel messaging solutions allowing publishers to drive new revenue with personalized audience engagement. Jeeng was founded in 2007 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

OpenWeb

New York, New York, United States

Category Company
Founded 2012
Sector Internet Software and Services
Employees150
DESCRIPTION

OpenWeb is an audience relationship platform. OpenWeb partners with publishers and brands to build strong, direct relationships with their audiences. OpenWeb's technology empowers its partners to build vibrant communities rooted in healthy conversations and robust social experiences. OpenWeb works with more than 1,000 top-tier publishers, hosting more than 100 million active users each month. OpenWeb was founded in 2012 and is based in New York City.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Israel M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Adyoulike

Paris, France

Adyoulike is an omnichannel digital advertising marketplace bringing together top-tier media, unique formats, and inspiring ads, working with more than 4,000 publishers and 20,000 active advertisers. Adyoulike was formed in 2014 and is based in Paris.

Buy -

Seller(S) 1

SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 100 of 111
Sector: Information Technology M&A 5 of 6
Type: Add-on Acquisition M&A Deals 51 of 58
Country: Israel M&A 1 of 1
Year: 2023 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-09 Biolam

Amiens, France

Biolam is a group of medical diagnostics laboratories. Biolam was founded in 2000 and is based in Amiens, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 Kind Technologies

Eindhoven, Netherlands

Kind Technologies is a group of technology companies. Kind Technologies develops, builds and sells machine vision solutions such as inspection systems for food and pharmaceutical packaging amongst others. Kind Technologies was founded in 2012 and is based in Eindhoven, Netherlands.

Sell -