Mapping software company has seen its shares pop by a third on Monday after revealing that it had been in takeover talks with US private equity company Thoma Bravo. The takeover price of $2.10 cash per share values the business at around $1.055 billion and is an 83% premium to Nearmap’s closing price of $1.15… Read more »
Nine years after it listed on the ASX as one of the 2013’s biggest floats, the board of comparison website iSelect has agreed to sell the business to rival Innovation Holdings Australia (IHA), owner of Compare the Market, in a deal that values the business at $72 million. Startup investor Thorney Investment Group, which has… Read more »
Less than two weeks after the announcement of its acquisition of US healthcare company One Medical, Amazon is continuing its expansion with a US$1.7 billion offer for iRobot, the manufacturer of Roomba automated vacuum cleaners. The acquisition will bolster Amazon’s line of smart home products and add to the retail giant’s vast store of consumer… Read more »
US streaming giant Netflix is planning to acquire Animal Logic, the Australian animation studio behind hit films such as Happy Feet, The LEGO Movies and Peter Rabbit. The terms of the deal have not been disclosed. Animal Logic CEO and co-founder Zareh Nalbandian was a recent keynote speaker at the City of Sydney’s Visiting Entrepreneur program,… Read more »
Sydney startup founder Kristy Chong has delivered an impressive exit for Modibodi, the “leakproof” apparel company she founded less than a decade ago, with Swedish hygiene and health company Essity acquiring it for $140 million. Founded in 2013, the fashion tech venture provides leakproof apparel for periods and incontinence including underwear, swimwear, activewear and maternity… Read more »
Australia’s largest public EV charging network, Chargefox, has been acquired by a consortium of motoring organisations, led by the NRMA, in a deal that values the business at $56 million. Australian Motoring Services (AMS) made up of the state-based membership groups NRMA, RACV, RACQ, RAC, RAA and RACT, already had around a 40% stake in… Read more »
Share trading and superannuation fintech Superhero will merge with cryptocurrency exchange Swyftx to create a four-year-old fintech startup valued at $1.5 billion. The two fintechs will continue to operate their separate brands and platforms while offering both services to all users in what they describe as create “the country’s first digital and traditional finance powerhouse”,… Read more »
Brisbane infrastructure monitoring startup Aurtra has been acquired by French multinational Schneider Electric in a multi-million-dollar deal. The startup, founded in 2017 by Dr Richard Harris, Steve McRae and Terry Woodcroft, was built on sensor technology developed at the University of Queensland technology to monitor the health of electricity network transformers. Aurtra licensed the patented… Read more »
Australian startup Car Next Door has sold to the US tech giant Uber after a decade in business. The price of the acquisition was not disclosed The peer-to-peer car rental platform first launched in Sydney in 2012 and now operates in all capital cities except Darwin, as well as the Gold Coast, Cairns,Launceston, and Newcastle.… Read more »
The global expansion plans of Canadian ecommerce company Maropost continue with the acquisition of 15-year-old Australian retail platform Retail Express for CN$55 million (A$61m). Retail Express is the Australian & New Zealand leader in point-of-sale systems for mid-market and enterprise retail brands. Founder and CEO Aaron Blackman has bootstrapped the business since its launch in… Read more »
ASX-listed fintech MoneyMe is hoping to acquire one of the country’s original fintechs, SocietyOne in a deal worth $132 million. Surprisingly, the merger does not deliver an immediate exit for several key backers of the peer-to-peer personal lending marketplace over the last decade. Leading media companies including News Corp, Seven West Media, and Consolidated Press… Read more »
Sydney BNPL fintech QuickaPay has been acquired by legal services payments platform RapidPay. QuickaPay was co-founded by Nathan Carroll and Nick Glynn in 2019 and was one of the first companies to emerge out of the early-stage VC and startup accelerator Antler Australia. Antler invested pre-seed funding in QuickaPay and it’s the VC’s first exit among… Read more »
ASX-listed hipages Group has acquired New Zealand online tradie marketplace Builderscrack for A$11.8 million in cash and equity. The deal gives hipages (ASX:HPG) access to a NZ$26 billion total addressable market in addition to Builderscrack’s 4,000 active tradies and 200,000 registered homeowners. The Kiwi marketplace saw 95,000 jobs posted on its platform, worth NZ$67 million… Read more »
Sydney investing fintech INDX.GURU is acquiring US crowd-sourced markets insights platform ClosingBell to bridge the gap between American and Australian trades. The deal adds 50,000 users to the INDX.GURU platform. The cost of the deal was not disclosed. ClosingBell offers users quick insights into the financial markets by crowdsourcing stock recommendations from thousands of traders. It… Read more »
Digital health startup Midnight Health has partnered health insurer nib, in a $4 million deal for a 50% equity stake in the business. The healthtech venture launched its first platform, Youly, in February this year, offering delivery of the Morning After Pill along with additional women’s healthcare needs, such as the contraceptive pill, thrush, sleep… Read more »
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