M&A Deal Summary |
|
|---|---|
| Date | 2021-05-11 |
| Target | VITAC |
| Sector | Digital Media |
| Buyer(s) | Verbit |
| Sellers(s) | The Gores Group |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Robert W. Baird & Co., Inc. (Financial) |
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Verbit is a provider of interactive transcription and captioning solutions. Verbit utilizes in-house, AI-based technology to transform both live and recorded video and audio into +99% accurate captions and transcripts for the education, legal, media, and enterprise industries. The combination of Verbit’s in-house Automated Speech Recognition (ASR) technology and human transcribers offers high-quality, word-for-word, interactive, and collaborative transcripts and captions. Verbit’s customizable solution helps customers meet ADA, FCC, and privacy compliance requirements to increase operational capacity, accessibility and serve customers and students. Verbit was founded in 2016 and is based in Tel Aviv, Isreal.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 5 |
| Sector (Digital Media) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 5 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 3 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-14 |
CaptionSync
Cheyenne, Wyoming, United States CaptionSync is providing closed captioning services producing more than 5 million caption files for over 6,000 customers. leverages smart automation and professional transcribers and describers to power its CaptionSync video accessibility services. CaptionSync is based in Cheyenne, Wyoming. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 66 |
| Sector (Digital Media) | 1 of 1 |
| Type (Add-on Acquisition) | 29 of 30 |
| State (Pennsylvania) | 3 of 4 |
| Country (United States) | 48 of 52 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-06 |
Hovis
Wycombe, United Kingdom Hovis operates baking and flour mills. The company produces a wide range of flours and bakery products using a blend of seeds and cereals for the craft and industrial bakers across the UK and Ireland. Hovis was founded in 1886 and is based in Wycombe, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-23 |
GatesAir
Mason, Ohio, United States GatesAir provides complete solutions for over-the-air radio and television broadcasting, leveraging wireless spectrum to maximize performance for multichannel, mission-critical services. Powering over-the-air networks worldwide with unparalleled reliability for 100 years, the company's turnkey solutions enable broadcasters to create, transport, and transmit radio and TV content. With customers in more than 185 countries, it leads the industry in innovation and design breakthroughs, improving efficiency and reducing the total cost of ownership with all products designed and assembled in the USA. GatesAir was formed in 1922 and is based in Mason, Ohio. |
Sell | - |
