M&A Deal Summary

WarnerMedia Acquires You.i TV

On December 21, 2020, WarnerMedia acquired software company You.i TV from Kayne Anderson Capital Advisors and Vistara Growth

Acquisition Highlights
  • This is WarnerMedia’s 1st transaction in the Software sector.
  • This is WarnerMedia’s 1st transaction in Canada.
  • This is WarnerMedia’s 1st transaction in Ontario.

M&A Deal Summary

Date 2020-12-21
Target You.i TV
Sector Software
Buyer(s) WarnerMedia
Sellers(s) Kayne Anderson Capital Advisors
Vistara Growth
Deal Type Add-on Acquisition

Target

You.i TV

Ottawa, Ontario, Canada
You.i TV provides a proprietary user-interface engine to enterprise-level media and telecommunications companies to create world class video applications that run across multiple media devices, including mobile phones, tablets, game consoles, smart TVs and set-top boxes. You.i TV was founded in 2008 and is based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

WarnerMedia

New York, New York, United States

Category Company
Founded 1985
Sector Media
Employees24,800
Revenue 28.1B USD (2015)
DESCRIPTION

WarnerMedia is a media and entertainment company. WarnerMedia consists of Turner, Home Box Office, and Warner Bros. Turner consists principally of cable networks and digital media properties. Home Box Office consists principally of premium pay television services domestically and premium pay and basic tier television services internationally. Warner Bros. consists principally of feature film, television, home video and videogame production and distribution. WarnerMedia was formerly known as Time Warner was established in 1985. The Company is headquartered in New York City.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 FanDuel

New York, New York, United States

FanDuel, Inc. operates an online fantasy sports platform that enables users to play fantasy games and win cash prizes.

Sell -

Seller(S) 2

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 69 of 85
Sector: Software M&A 6 of 7
Type: Add-on Acquisition M&A Deals 27 of 34
State: Ontario M&A 1 of 3
Country: Canada M&A 9 of 12
Year: 2020 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Signal Automotive

Surrey, British Columbia, Canada

Signal Automotive is a technology-enabled broker between wholesale automobile suppliers in Canada and wholesale buying dealerships in the U.S. Signal operates through a unique combination of proprietary software automation and managed services in order to optimize the journey between dealerships in Canada and the U.S. Signal provides dealerships in Canada and the U.S. transparent pricing, automated processes and workflows that save time and money on both sides of the wholesale transaction. Signal Automotive was founded in 2017 and is based in Surrey, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 Think Research

Toronto, Ontario, Canada

Think Research is a provider in delivering integrated digital healthcare solutions. The Company's focused mission is to organize the world's health knowledge so everyone gets the best care. Its evidence-based healthcare technology solutions support the clinical decision-making process, standardize care, and improve patient outcomes. Think Research was founded in 2006 and is based in Toronto, Ontario.

Sell -
DESCRIPTION

Vistara Capital Partners is a growth focused private equity firm that makes investments in technology and technology-enabled service companies across North America. The Firm looks to invest between $10 and $30 million in companies generating sales greater than $10 million. Vistara Capital Partners was formed in 2015 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 4 of 6
Sector: Software M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 3 of 4
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 InvestEdge

Canonsburg, Pennsylvania, United States

InvestEdge serves Financial Institutions with software for compliance, portfolio management, and UMA accounting. InvestEdge's software allows wealth managers to tie any data source into portfolio accounting while providing deep visibility to an Advisor and compliance teams. InvestEdge was founded in 2000 and is based in Canonsburg, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 D3 Security

Vancouver, British Columbia, Canada

D3 Security’s XGEN SOAR platform is a SOAR platform that combines automation and orchestration across 360+ integrated tools with the proactive response capabilities of MITRE ATT&CK. D3’s codeless playbooks automate enrichment and remediation tasks, while making it easy for anyone to build, modify, and scale workflows for security operations, incident response, and threat hunting. D3 Security was founded in 2004 and is based in Vancouver, British Columbia.

Buy -