Northern NSW subscription butcher service Our Cow has snapped up the brand and other assets of failed Sydney grocery delivery startup Voly. The deal was finalised before Christmas, ahead of a second Voly creditors meeting on December 23. Our Cow bought the database, app and brand, hoping to grab a bigger slice of capital city… Read more »
Richard White, the Sydney-based billionaire founder of ASX-listed freight logistics business WiseTech Global, has acquired recently delisted data services company Kyckr. The deal is worth around $43.5 million, and was made throughWhite’s personal investment vehicle RealWise KYK AV Pty Ltd. Kyckr provides real-time Know Your Customer (KYC/KYB) and and Ultimate Beneficial Owner (UBO) data from… Read more »
Monogramed luxury fashion startup The Daily Edited (tde.) has new owners, with the owners of budget fashion brand Colette by Colette Hayman (CBCH), acquiring the brand from administrators KordaMentha. Parent business BJM is owned and chaired by former Myer boss Bernie Brookes. The sale price was not disclosed. Founded in 2014 by Perth-based former corporate… Read more »
ASX-listed online retailer Kogan.com has swooped on another distressed asset, acquiring failed furniture brand Brosa a week after it was placed in voluntary administration. Administrators KordaMentha reached a deal with Kogan.com (ASX:KGN) to buy Brosa’s assets for $1.5 million after more than 30 parties expressed interest in the 48 hours after the business was placed… Read more »
The deal to merge share trading platform Superhero and crypto exchange Swyftx, which was supposed to create a fintech unicorn, is over. Superhero founders John Winters and Wayne Baskin are resuming control of their business as Swyftx grapples with the fallout from the collapse of US crypto exchange FTX and concerns of money laundering by… Read more »
Global live entertainment and ticketing giant TEG has taken a majority stake in three-year-old Sydney startup FAN+. The terms of the deal were not disclosed. FAN+ was founded by former Sydney Kings CEO Rod Hary in 2019, getting its initial momentum as part of the Qantas AVRO accelerator, and the following year, the sports-focused HYPE… Read more »
In an early sign that merger and acquisition activity is about to ramp up in the startup sector in order for companies to survive, Sydney-headquartered courier delivery service Drive Yello has merged with the cafe payments platform Hey You. The merged entity is known as 4You Innovation, and hopes to hit up the market for… Read more »
Shares in ASX-listed Elmo Software (ASX: ELO) soared on Wednesday after the company confirmed it was in potential takeover talks. After stories emerged in the financial press that Accel-KKR was once again back in discussions with the HR, payroll and expense management, the company issued a “Response to Media Speculation” statement to the ASX mid-morning… Read more »
The nine year adventure of two Byron Bay mates to build the premium soft drink and mixer brand StrangeLove is over, with the Australian arm of Japanese brewing giant Asahi acquiring the brand for an undisclosed figure. Founders James Bruce and Stafford Fox are childhood friends and launched their venture in 2013, building out a… Read more »
The battle for ASX-listed ResApp Health Ltd is over with pharmaceutical giant Pfizer acquiring the telehealth startup for $179 million. The deal went through this week, having started back in April this year when Pfizer initially offered $100 million – 11.5 cents a share – before increasing its bid to 20.8 cents. Shareholders approved the… Read more »
MYOB’s acquisition spree has continued with the accounting software platform converting its existing stake in Sydney-based workplace financial services platform Flare into a full takeover. The acquisition cost was not disclosed, but will deliver an exist for a range of VC investors who ploughed more than $50 million into Flare over the past five years.… Read more »
Sydney startup Search.io has been acquired by US-based French tech company Algolia is a deal believed to be worth nine figures. The startup, founded in 2015, was previously known as Sajari, having rebranded in December last year. While the acquisition cost in cash and scrip was not disclosed. The deal reportedly went through after a… Read more »
Sydney food marketplaces ChefPrep has acquired it Melbourne likeness, Co-Lab Pantry and rebranded as CoLab. The ChefPrep side was founded in May last year by Elle Curran and Josh Abulafia, following a $1.25 million angel round. In April they landed a $3 million in a seed round led by Artesian Ventures and Global Founders Capital,… Read more »
Atlassian billionaire Scott Farquhar and his venture capitalist wife Kim Jackson look set to win control of ASX-listed Genex Power after upping its takeover bid for the renewable energy company. The Genex (ASX: GNX) board rejected a $0.23 cents per share offer made in late July on August 1, but left the door open for… Read more »
US investment firm BlackRock is acquiring local battery storage developer Akaysha Energy as part of a deal to spend A$1 billion to develop 1GW (Gigawatt) worth of storage feeding into the National Electricity Market (NEM) in Australia. For perspective, that’s more than the power produced by Australia’s largest coal-fired power station, Origin Energy’s Eraring plant (2,880MW),… Read more »
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