M&A Deal Summary

Vice Media Acquires Refinery29

On October 2, 2019, Vice Media acquired digital media company Refinery29 from Stripes for 400M USD

Acquisition Highlights
  • This is Vice Media’s 1st transaction in the Digital Media sector.
  • This is Vice Media’s largest (disclosed) transaction.
  • This is Vice Media’s 3rd transaction in the United States.
  • This is Vice Media’s 3rd transaction in New York.

M&A Deal Summary
Date 2019-10-02
Target Refinery29
Sector Digital Media
Buyer(s) Vice Media
Sellers(s) Stripes
Deal Type Add-on Acquisition
Deal Value 400M USD
Advisor(s) The Raine Group LLC
Allen & Company (Financial)
Gunderson Dettmer (Legal)

Target

Refinery29

New York, New York, United States
Refinery29 is a media and entertainment company focused on women with a global audience footprint of 249 million across all platforms. Refinery29 emphasizes diverse storytelling that delivers refreshing new perspectives to its audience and drives growth across numerous platforms for its partners.

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Buyer(S) 1

Buyer

Vice Media

Brooklyn, New York, United States
Category Company
Founded 1994
Sector Media
Revenue 600M USD (2018)
DESCRIPTION
Vice Media office in Amsterdam, the Netherlands.
Vice Media office in Amsterdam, the Netherlands.

Vice Media is a media company that engages in print, event, music, online, television (TV), and feature film business activities in the United States and internationally. Vice Media was founded in 1994 and is based in Brooklyn, New York.

DEAL STATS #
Overall 5 of 5
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (New York) 3 of 3
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 Villain

Brooklyn, New York, United States

Villain LLC is a full service events and fabrication agency operating A 15,000 Sqft in Brooklyn. Company team of experienced professionals build inspiring events and experiences both in and out of house.

Buy -

Seller(S) 1

SELLER

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2008
PE ASSETS 7.3B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.

DEAL STATS #
Overall 16 of 19
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 8 of 10
State (New York) 7 of 8
Country (United States) 16 of 19
Year (2019) 3 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Sandata

Hicksville, New York, United States

Sandata is a provider of information technology solutions and services, which include scheduling, time and attendance, billing, payroll, compliance, and clinical applications, for the home healthcare industry. Sandata was founded in 1978 and is based in Hicksville, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Dataiku

New York, New York, United States

Dataiku is a centralized data platform that democratizes the use of data science, machine learning, and AI in the enterprise. Dataiku was founded in 2013 and is based in New York City.

Buy -
Mergr

Product

Company

Legal