Berkery Noyes is frequently featured In the News. Our managing directors have been mentioned and quoted in publications such as Dow Jones, Forbes, Information Week, The Deal, Educational Marketer, and PE Hub. We field press inquiries and interview requests on a continual basis.
Whether it’s discussing in-house trend reports, general market conditions, or mergers and acquisitions activity within specific sectors, we are relied upon as a trusted source for perspective on the Information Industry.
Sharpening Your Point Of Sale
John Guzzo is Managing Director at Berkery, Noyes & Company LLC in New York. His company has been instrumental in many of the M&A deals that have occurred in the industry over the past two decades. Here are Guzzo’s six key attributes for evaluating a mortgage technology firm.
PayPal Deals Headlined 2018 M&A in Payments
Mergers and acquisitions in the payment segment rose 16 percent in 2018, fueled in part by PayPal closing two large deals. PayPal closed its acquisition of mobile payments company iZettle for $2.43 billion in 2018, as well as its $400 million purhcase of Hyperwallet, a digital payout provider serving gig economies, according to research from investment banker Berkery Noyes.
Private Equity Firm Gryphon Investors Acquires Majority Stake in LEARN Behavioral
Private equity firm Gryphon Investors on Tuesday announced that it has acquired a majority stake in LEARN Behavioral, a network of providers serving children with autism and other special needs, from LLR Partners. LLR will remain a minority owner in the company. Berkery Noyes served as lead financial advisor to Gryphon.
Gryphon Strikes First Behavioral Health Deal with Investment in LEARN Behavioral
Gryphon Investors acquired a majority stake in LEARN Behavioral, a network of providers of behavioral treatment services for children with autism and other special needs, from LLR Partners. Berkery Noyes served as the lead financial advisor to Gryphon Investors.
Turnitin to Be Acquired by Advance Publications for $1.75B
“Turnitin is a great acquisition for Advance Publications, which has only invested in partial stakes in edtech companies in the past,” said Mary Jo Zandy, managing director at Berkery Noyes, an investment bank that also advises on mergers and acquisitions (but not on this one). “And it is a solid diversification from general media. Most likely, it also has the growth attributes that Advance may be seeking.”
Longtime D.C. publisher acquired by UK media company
International media group Dennis Publishing has acquired local publisher Kiplinger Washington Editors, Inc., expanding the company’s U.S. foot print. Terms of the deal were not disclosed.
Dennis Publishing Buys Kiplinger
Dennis Publishing, the U.K.-based owner of The Week, has acquired 99-year-old Kiplinger Washington Editors Inc. Terms of the deal have not been disclosed. But among the assets changing hands is Kiplinger’s flagship brand, Kiplinger Personal Finance, which carries a monthly circulation of 600,000, and has been continuously published since 1947.
Dennis Publishing, Which Owns The Week, Acquires Kiplinger
Dennis Publishing, which publishes The Week, has acquired longtime family-run company, Kiplinger Washington Editors, Inc. Kiplinger, which was founded in 1920 and is based in D.C., offers financial news covering taxes, retirement and investments.
PE-backed Endeavor Business Media Acquires Several PennWell Media Properties From Clarion
Endeavor Business Media, which is backed by Resolute Capital Partners, has acquired several PennWell media properties from Clarion Events. No financial terms were disclosed. Brian DeCicco from Berkery Noyes was financial adviser to Clarion Events Ltd on the transaction.
Mergers and Acquisitions in Education Industry Jump 9 Percent Over Last Year
The number of mergers and acquisitions across the education industry climbed by 9 percent over the most recent year, with private-equity deals driving much of that growth.
Healthcare IT Segment Makes Up Half of Industry M&A Volume
The Healthcare IT segment accounted for about one-half of the healthcare and pharmaceutical IT industry’s aggregate volume of mergers and acquisitions (M&As) last year, according to a new report by Berkery Noyes Investment Bankers.
DMS in Clearwater acquires Connecticut-based marketing group
Clearwater-based Digital Media Solutions announced Tuesday it has acquired Fosina Marketing Group Inc. Financial terms of the deal were not disclosed. Fosina is a data-driven marketing firm with customized direct-to-consumer subscription solutions for clients like Harper Collins Publishing, Save The Children, the National Wildlife Federation, Amora Coffee, Meredith Corp. and Highlights for Children.
LLR invests in Edlio
LLR Partners has made an investment in Los Angeles-based Edlio, a provider of community engagement solutions for K-12 public, private and charter schools. No financial terms were disclosed. Berkery Noyes advised Edlio on the transaction.
Payments Deliver Highest M&A Spike After Three Quarters
The payments industry stood out as an active market for mergers and acquisitions during the first three quarters of 2018 with a 33 percent increase in transactions over the same period last year. Berkery Noyes investment bank cited the increase in payments transactions from 30 a year ago to 40 this year as the largest rise in volume of all the market segments it monitored in the third quarter Financial Technology and Information Industry M&A trend report.
Companies Are Bought, Not Sold: M&A Advice From 3 Edtech CEOs Who Survived the Process
At the start of this decade, the education industry saw hundreds of flowers bloom. Launched from garages and tech accelerators, startup after startup burst onto the scene with technology tools for the education market. The industry has since consolidated, due in part to an uptick in mergers and acquisitions by education companies and private equity firms. Data from investment bank, Berkery Noyes suggest these deals have grown at a steady clip since 2013.
Trinity Partners buys TGaS Advisors
Trinity Partners has acquired TGaS Advisors, a benchmarking and advisory services firm for commercial organizations in the life sciences industry. No financial terms were disclosed. Berkery Noyes provided financial advice to TGaS Advisors on the transaction.
Montco Life Sciences Consulting Firm Acquired
TGaS Advisors, a Montgomery County consulting firm that specializes in the life sciences industry, was acquired Thursday by Trinity Partners of Waltham, Mass. disclosed. Berkery Noyes acted as exclusive financial advisor to TGaS Advisors.
Emerald Expositions Scoops Up EH Media For Estimated $28 Million
Emerald Expositions continued to grow its portfolio even more with the acquisition of EH Media, which focuses on technology events and a group of complementary technology intelligence brands, for approximately $28 million. Berkery Noyes, an independent mid-market investment bank, was the exclusive financial advisor to EH Media in this transaction.
Duly Noted: Gray + Raycom Is A Top M&A Deal
Just how big is Gray Television‘s planned merger with Raycom Media? Mid-market investment bank Berkery Noyes‘ half-year 2018 M&A trend report for the media and marketing industry is out, and there are bunch of company names wholly unfamiliar to most media industry C-Suiters.
Healthcare IT M&A Activity Increases 23 Percent in 1H 2018
Mergers and acquisitions (M&A) activity in the healthcare IT industry rose during the first half this year, with volume increasing 23 percent, from 101 deals in the second half of 2017 to 124 deals so far in 2018, according to investment banking firm Berkery Noyes.
The M&A Outlook In Mortgage Technology
John Guzzo, Managing Director at Berkery Noyes, recently wrote an article that was published in Mortgage Compliance Magazine. According to Guzzo, there has been an ongoing shift away from large disparate technologies toward the use of fully-integrated vendor software management platforms.
B2B Media Company Lebhar-Friedman Sold To EnsembleIQ
Lebhar-Friedman, a storied 93-year-old B2B media company serving the retail industry, which is in its third generation of family management, has been sold to EnsembleIQ, an acquisitive Chicago-based publisher that’s backed by the private equity firm RFE Partners.
EnsembleIQ Acquires Lebhar-Friedman
The two-year-old Chicago-based publisher expands its portfolio with three additional brands serving the brick-and-mortar retail industry. Lebhar-Friedman, the 93 year-old, family-owned publisher serving the retail industy, has been acquired by Chicago-based EnsembleIQ, the latter announced this week.
EnsembleIQ Grows Portfolio with Key Acquisition
EnsembleIQ, the Chicago-based retail intelligence firm and parent of Retail Leader, has purchased substantially all media, digital and event assets from New York-based media company Lebhar-Friedman. Berkery Noyes served as the exclusive financial advisor to Lebhar-Friedman.
PE Firm Acquires Collect Rx: 4 Key Points
Private equity firm New Capital Partners acquired revenue cycle management company Collect Rx, according to PE Hub.
Here are four thing to know:
PE-backed EnsembleIQ acquires Lebhar-Friedman’s Media Brands
EnsembleIQ, a portfolio company of RFE Investment Partners, has acquired the media, digital, and event assets from New York City-based Lebhar Friedman, a business media company for the retail industry. Included in the acquisition are publications such as Drug Store News, Chain Store Age, and Hardware and Building Supply Dealer. No financial terms were disclosed. Berkery Noyes was financial adviser to Lebhar-Friedman on the deal.
EnsembleIQ Acquires Media Brands from Lebhar-Friedman
EnsembleIQ announced Thursday that it has purchased substantially all of the media, digital, and event assets from New York City-based Lebhar-Friedman. Launched in 1925, the third-generation family business produces several leading retail brands, including Drug Store News, Chain Store Age, and Hardware and Building Supply Dealer.
New Capital Partners acquires Collect Rx
New Capital Partners has acquired Bethesda, Maryland-based Collect Rx, a revenue cycle management company. No financial terms were disclosed. Berkery Noyes was strategic and financial adviser to Collect Rx on the deal.
The Push Towards Value-Based Care Is Forcing the HIT Vendor Market Forward
A recent white paper by Berkery Noyes, a New York City-based independent investment bank that provides M&A advisory and financial consulting services, notes that the healthcare technology industry is undergoing a rapid transformation and structural shifts due to reform, cost pressures, and shifting responsibilities between payers and providers.
Value of Education Mergers and Acquisitions Soars, Though Number of K-12 Deal Dips
The value of mergers and acquisitions across the education sector last year more than tripled, to nearly $17 billion, though the number of deals in the K-12 space dipped slightly, according to a new analysis by Berkery Noyes.
Autism Learning Partners actively seeks buys, CEO says
Jon Krieger of investment bank Berkery Noyes advised ALP on its sale to FFL from previous owners Jefferson River Capital, Great Point Partners and Scopia Capital Management.
Blackstone acquires large autism network
Private equity investor Blackstone is set to acquire the Center for Autism and Related Disorders (CARD) in a transaction that is expected to close later this year. Founded in 1990, CARD offers center-, school-, and home-based behavioral therapy in 32 states with 192 locations.
Class Appraisal Acquired By Narrow Gauge Capital
This week, private equity firm Narrow Gauge Capital announced it has acquired Class Appraisal, a real estate asset valuation and appraisal management solutions provider.
PE Firm Acquires Class Appraisal
A Boston-based private equity firm has closed its purchase of Class Appraisal, a nationwide provider of real estate asset valuation and appraisal-management products to the residential mortgage industry.
Narrow Gauge Capital announced it has completed the acquisition of Class Appraisal, LLC. Class Appraisal is a leading nationwide provider of real estate asset valuation and appraisal management solutions to the residential mortgage industry. Berkery Noyes served as exclusive financial advisor to NGC in the transaction.
Narrow Gauge Capital Buys Class Appraisal
Narrow Gauge Capital said March 26 that it closed its buy of Class Appraisal LLC. Financial terms weren’t announced. Berkery Noyes acted as financial adviser to NGC.
The Technological State of the Mortgage Servicing Industry
John Guzzo, Managing Director at Berkery Noyes, recently wrote an article that was published in Mortgage Compliance Magazine. According to Guzzo, mortgage technology vendors and outsourcers that offer solutions to provide better quality control, enhance fraud mitigation, facilitate borrower communication, and improve regulatory compliance are in demand by investors and acquirers.
Renovus Capital Buys Controlling Stake in Practicing Clinicians Exchange
Renovus Capital Partners said Jan. 15 that it acquired a controlling stake in Continuing Education Alliance LLC and Practicing Clinicians Exchange. Financial terms weren’t announced. Continuing Education is the corporate owner of Practicing Clinicians, of Stamford, Connecticut, which provides education for nurse practitioners and physician assistants. Berkery Noyes Investment Banking provided financial advice to PCE.
GPP Exits Autism Learning Partners
Great Point Partners has exited its stake in Glendale, California-based Autism Learning Partners as a result of the latter’s acquisition by FFL Partners. No financial terms were disclosed. ALP is a provider of applied behavior analysis and other services for child and adults with Autism Spectrum Disorders.
FFL Partners Buys Up Autism Learning Partners in Deal Worth More Than $270m
Mid-market private equity investor FFL Partners has backed therapy business Autism Learning Partners (ALP) in a deal worth more than $270m. The deal marks the firm’s ninth healthcare investment, and its 20th portfolio buy.
FFL takes home Autism Learning Partners in $270 mln-plus deal
The highly anticipated auction for Autism Learning Partners has concluded, commanding north of $270 million through a sale to FFL Partners. The transaction represents the vertical’s largest-ever sponsor deal, according to sources familiar with the situation.
FFL Partners Buys Autism Learning Partners
FFL Partners acquired Autism Learning Partners, a provider of applied behavioral analysis therapy for children and young adults with autism spectrum disorders and developmental disabilities. The acquisition follows a sales process led by investment bank Berkery Noyes & Co.
Fewer Deals, More Money: U.S. Edtech Funding Rebounds With $1.2 Billion in 2017
Enter private equity firms, which see the education sector as “a place that is highly fragmented and ripe for consolidation,” says Berkery Noyes, which advises on financial transactions.
Higher Logic Acquires Informz and Real Magnet
Higher Logic, an industry leader in cloud-based community platforms, has acquired Informz, Inc. and Real Magnet, Inc., two leading marketing automation software companies—and SIPA members. SIPA member Berkery Noyes served as the exclusive financial advisor to Real Magnet.
Vantiv-Worldpay Tops Berkery Noyes M&A List
Vantiv’s $11.6 billion acquisition of U.K.-based Worldpay Group in August was the largest transaction in the financial technology and information sector during the third quarter of 2017, according to the latest report from investment bank Berkery Noyes.
Telehealth: Underrated or Overvalued?
HealthCareMandA.com recently hosted a webinar that focused on telehealth. Tom O’Connor, Managing Director at Berkery Noyes, was invited to speak as an expert panelist. The webinar covered the following topics: who’s building networks; who’s buying and who’s selling; what is affecting current valuations; emerging trends and new players entering the market; and expert panelists’ views on the headwinds and tailwinds at play in this market.
PatientSafe Fetches $25 mln
PatientSafe Solutions, a provider of mobile clinical workflow and communication solutions, has raised $25 million in financing. HighBar Partners led the round with participation from return backers Merck Global Health Innovation Fund, Camden Partners, Psilos Group and TPG.
PatientSafe Solutions Raises $25M for Point-of-Care Mobile Solutions
PatientSafe Solutions, a provider of mobile clinical workflow and communication solutions has raised $25 million in funding led by HighBar Partners. Founded in 2002, PatientSafe’s unified clinical solution, PatientTouch consolidates secure messaging, voice, alerts, and nurse calls with EMR data and clinical workflows in one mobile app for more than 80 healthcare providers.
PatientSafe Solutions Pulls in $25 Million to Scale Mobile Technology
PatientSafe Solutions, which provides mobile clinical workflow and communication technology, has closed a $25 million round of financing. The San Diego-based startup plans to use the funds to further scale operations, boost sales, and drive more innovation in clinical communications and care delivery.
PatientSafe Clinches $25M to Expand Operations, Increase Sales
PatientSafe Solutions, the San Diego, California-based developer of the PatientTouch workflow-optimizing platform, announced that it has secured $25 million in its latest round of funding. PatientTouch is a mobile-friendly platform that consolidates EHR data, communications, clinical workflows, alerts, and customizable care interventions within one app.
A Fresh Look at Dividend Recaps
Martin Magida, Managing Director at Berkery Noyes, served as an expert presenter during a recent webinar hosted by Robinson+Cole. The webinar covered the latest developments in the dividend recap market. According to Magida, some owners may want to consider a dividend recap because it allows them to continue to own and control their company while still addressing any liquidity needs or securing their personal finances.
Relx Buys Bepress to Boost Academic Publishing
Relx, the UK-listed information and analytics group, is buying California-based academic publisher Bepress — its third acquisition in the San Francisco Bay area in the past 18 months. The move is part of Relx’s long-term shift from traditional business media publishing into data and technology businesses that generate lucrative subscriber revenues.
Elsevier Expands Footprint in Scholarly Workflow
An Elsevier news release said the acquisition of Bepress was part of a deliberate effort to shift the company from journal publishing into research and technology data management. Elsevier said acquiring Bepress would help drive adoption of its research data management tools, while Bepress would benefit from accessing Elsevier’s technology and analytics.
Elsevier Acquires Bepress in Bid to Boost its Academic Publishing and Analytics Services
Elsevier, the European academic publishing giant has acquired bepress, a 73 person academic publishing service based in Berkeley, California for an undisclosed amount as it expands its publishing, analytics and metadata services for leading US universities.
Berkery Noyes’ Vineet Asthana Selected as Emerging Leaders Award Winner by The M&A Advisor
The M&A Advisor announced the winners of the 8th Annual Emerging Leaders Awards on Thursday, June 29th. Vineet Asthana of Berkery Noyes has been chosen for his accomplishments and expertise from a pool of nominees by an independent judging panel of distinguished business leaders.
New Capital Funds LoyaltyExpress
New Capital Partners has made an undisclosed investment in Woburn, Massachusetts-based LoyaltyExpress, a provider of marketing automation and cloud-based CRM solutions for mortgage companies and banks. Berkery Noyes advised LoyaltyExpress on the transaction.
With $150 Million to Spend, Hero K12 Goes Shopping for Education Technology Companies
“Private equity is taking a more meaningful role in the space as of late,” says investment bank Berkery Noyes. “The market overall is very fragmented, and [private equity groups] see an opportunity for consolidation and an opportunity for scale. Many groups see this as the next frontier after the healthcare space.”
Thermo Fisher Spent $314M on Two Acquisitions in Q1
Thermo Fisher acquired Core Informatics in early March for a total of $94 million, net of cash acquired. The informatics firm, which has been offering cloud-based platforms for scientific management, is now part of Thermo’s Analytical Instruments segment.
Fintech M&A: More Deals, Less Value
According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016. The banks suggests that for those deals, “the median revenue multiple decreased from 3.2x to 2.3x, while the median EBITDA improved from 11.4x to 13.1x” on an annual basis.
M&A Market Shrinks in 2016, but Changes Looming in Ed Sector
Overall, M&A firm Berkery Noyes (New York) said total transaction volume in the broader education industry in 2016 declined 11% from 2015 to 378 transactions with a 70% drop in value to $5.32 billion.
Lab Informatics at PITTCON 2017: Beyond Yesterday’s LIMS
Another significant announcement at PITTCON was the acquisition of Core Informatics by Thermo Fisher, already a top-tier enterprise-level LIMS provider. “Core is a SaaS-based vendor, and it’s really the only big player – the only vendor that can support larger implementations,” explains Katherine Temple, Laboratory Informatics Consultant at CSols.
Verisys to Sell Stake to Spectrum Equity, Cressey & Co
Investment firms Spectrum Equity and Cressey & Co will acquire a significant stake in Verisys Corporation, a U.S. provider of data and software that help healthcare providers with regulatory compliance, the company said on Tuesday.
How Regulations are Driving Opportunity in the Marketplace
According to a byline article in Mortgage Compliance Magazine by Managing Director John Guzzo, there continues to be a rapid shift in the marketplace to meet regulatory compliance policies.
Thermo Fisher Acquires Core Informatics
Thermo Fisher Scientific has announced that it has acquired informatics software provider Core Informatics – a company that specializes cloud-based software to support scientific data management.
Thermo Fisher Scientific Acquires Core Informatics
Thermo Fisher Scientific Inc., announced that it has acquired Core Informatics, which provides a cloud-based platform supporting scientific data management. Core’s offerings will significantly enhance Thermo Fisher’s existing informatics solutions and complement its cloud platform, which supports the company’s genetic analysis, qPCR and proteomics systems.
Branford’s Core Informatics bought by Mass. company
A Branford tech/bioscience company, Core Informatics, is being acquired by Waltham, Mass.-based Thermo Fisher Scientific Inc. Core Informatics provides a cloud-based software that supports scientific data management.
Revelstoke-Backed Career Step Buys Panacea to Grow Healthcare Education Services
Career Step LLC, backed by private equity firm Revelstoke Capital Partners, has acquired Panacea Healthcare Solution, a technology-enabled consultant for the healthcare industry. The deal includes the target’s revenue capture, and coding and documentation businesses, which combine data analytics with data collected by Panacea’s consultants.
Tied Together: Keith Lubell, Berkery Noyes
Keith Lubell has a diverse background, and has spent the last 15 years overseeing investment bank Berkery Noyes’s technology. The CTO talks with Anthony Malakian about the importance of taming data and where that might lead his firm over the next decade.
Education Mergers and Acquisitions Value Nosedived 70 Percent in 2016
The value of education mergers and acquisitions in 2016 nosedived a walloping 70 percent—from $17.75 billion to $5.32 billion, according to investment bank Berkery Noyes. “Of note, there were seven deals in 2016 with disclosed values above $100 million,” says Berkery Noyes, “as opposed to 19 such deals in 2015.”
Berkery Noyes Sees Sunny M&A Outlook – But US Election Adds Unpredictability
Venture capital and early-stage tech investments may be harder to come by, but M&A exits across the mobile and online industry are still heating up, investment bank Berkery Noyes reported Tues-day. The overall number of deals in 2016 ticked up 1% from the year before, while the aggregate value of those transactions jumped 12% year over year.
Mastercard-VocaLink Deal Tops Payments Industry’s 2016 Acquisitions
Mastercard’s $924 million purchase of VocaLink to bolster its faster payments technology in Europe and other markets was among the most significant financial technology deals in 2016, according to investment bank Berkery Noyes’ annual analysis of the merger and acquisition market.
Venture Capital Funding
From a trending perspective, Thomas O’Connor, managing director of Berkery Noyes, says workflow tools that assist in medical practices or the performance of a clinical trial, or that smooth the operations of healthcare entities are areas of interest.
The Infancy of Julia: An Inside Look at How Traders and Economists Are Using the Julia Programming Language
It is already gaining Wall Street’s attention, notes Keith Lubell, CTO at investment bank Berkery Noyes. “What really excites us is that it’s interesting that you can write high-level, scientific and numerical computing but without having to re-translate that,” he says. “Usually, if you have something in R or Matlab and you want to make it go fast, you have to re-translate it to C++, or some other faster language; with Julia, you don’t—it sits right on top.”
How Payers Could Compete in Midst of Health Insurance Mergers
“Scale will help them,” O’Connor told HealthPayerIntelligence.com in a prior interview. “Consumers are facing an onslaught of choices much like the 401K plans in the past where they had to take more control over their insurance. Instead of an employer model, it’s moving more towards a consumerization model where they will have more input into their decisions and will pay for it themselves.”
Value of Education Industry Sector Transactions Nosedives in 2016
The value of mergers and acquisitions in the education industry dropped significantly during the first three quarters of this year, compared to the same time period last year, a new analysis has found. The worth of those transactions declined 70 percent, going from $14.4 billion in the first three quarters of 2015 to $4.3 billion in 2016, according to research by the investment bank Berkery Noyes.
Acquisitions, Funding, Business, and Stock
Vocera acquires Extension Healthcare for $55 million in cash. HIStalk prvoides Hospital IT news and opinion about healthcare technology vendors, healthcare IT projects, and related technologies.
VSS Backs Connexion Point
Veronis Suhler Stevenson has made an undisclosed investment in Connexion Point LLC. Berkery Noyes acted as financial adviser to Connexion Point on the transaction. Based in Salt Lake City, Utah is a provider of technology-enabled healthcare services.
Mastercard Deal at Forefront of Third-Quarter Payments M&A
Mastercard’s $924 million acquisition of VocaLink represented the highest value acquisition in the payments industry during the third quarter of 2016, according to Berkery Noyes’ mergers and acquisitions trend report.
Berkery Noyes Announced as a Finalist for the 15th Annual M&A Advisor Awards
Berkery Noyes had two deals recognized and received five nominations: FTV Capital’s equity investment in True Potential, which was nominated in the Financials Sector Deal of the Year, Cross-Border Deal of the Year, Private Equity Deal of the Year, and M&A Deal of the Year categories; and Project Management Academy, which was nominated in the Professional Services B-to-B Deal of the Year category.
Looking at the Current Mergers and Acquisitions Landscape with Berkery Noyes
Tom O’Connor, a managing director at Berkery Noyes, spoke recently with HCI Editor-in-Chief Mark Hagland regarding the report’s findings and the broader landscape around merger-and-acquisition activity now in healthcare and healthcare IT.
The HR Tech Land Grab: LinkedIn, Monster, and the Big Money in Recruiting
The current state of the tech market and this era of integrated cloud platforms go a long way toward explaining the last few months in HR tech consolidation. Berkery Noyes, an independent investment bank focusing on mergers and acquisitions (M&A), told PCMag it sees several trends coming together to drive increased M&A in the HR tech sector.
Taking Stock of Apple’s 2016 Acquisitions
“As you can see from the latest acquisition of Turi by Apple, the focus has been shifting from a consumer product company to an analytics company,” says Vineet Asthana, managing director at investment bank Berkery Noyes.
Deals of the Week: Deal Flow Still Skews Towards the Middle Market
The data comes from the Q2 2016 Private Equity Industry M&A Report by independent mid-market investment bank Berkery Noyes. “Good companies are hard to find,” Mary Jo Zandy, managing director at Berkery Noyes, said in an interview. “When we talk with middle market PE firms, they’re telling us they’re not as busy as they’d like to be.”
PE Firm’s Rules: Invest in Experience, Be Wary of Online Lenders
At $350 million, the deal was among the top 10 largest acquisitions within fintech in the first half of the year, according to data from Berkery Noyes Investment Bankers. Overall, fintech M&A deal values totaled $37.5 billion in first half of the year, down 14% from the second half of 2015 but nearly twice totals from a year earlier.
Healthcare M&A Rose in First Half of Year
“Many healthcare technology companies are enjoying rapid revenue growth, high cash flow margins, low capital expenditures and defensible positions in the marketplace,” Berkery Noyes Managing Director Tom O’Connor said in a statement to press.
Healthcare M&A Jumps 3 Percent In First Half of 2016
Healthcare merger and acquisition activity showed no signs of slowing down in the first half of 2016, according to a report from investment bank Berkery Noyes. Compared to the second half of 2015, total deal volume in the first half of 2016 increased by three percent, from 223 to 230.
PE-Backed Colibri Invests in STC
The Colibri Group, which is backed by Quad-C Management, has made an undisclosed investment in Securities Training Corp. Berkery Noyes served as financial adviser to STC on the transaction. Based in New York City, STC is a provider of financial examination training.
M&As in Mobile Application Subsector Rise 18pc This Year: Report
“The biggest mobile-oriented takeaway from this report is that the number of deals in the mobile application subsector rose 18 percent, from 188 to 221 deals in the first half of 2016,” said Vineet Asthana, managing director at Berkery Noyes.
Berkery Noyes Report Finds Media M&A Volume Down, But Value Up 49% in First Half of 2016
Deal volume decreased seven percent on a half year basis. Total value gained 49 percent, from $64.91 billion to $96.72 billion. Of note, strategic acquirers represented 88 percent of the industry’s volume and 95 percent of value in first half 2016.
How State Policymakers Impact Health Insurance Mergers
When asked whether the Anthem-Cigna and Aetna-Humana mergers will stifle competition in the health insurance market, Thomas O’Connor, Managing Director at Berkery Noyes, replied, “I don’t think so. There’s a high level of innovation in the market today including the health insurance exchanges. Moreover there are many different people and plenty of opportunities for money to be made. There’s a lot of money in the market as well.”
Payments Acquisitions Dip in 2015: Report
The payments industry saw merger-and-acquisition volume decrease 21 percent in 2015, after rising 46% in 2014. For 2015, the payments sector had 108 mergers or acquisitions, compared to 137 in 2014 and 94 in 2013. Berkery estimates the value of the 2015 business deals in payments at $20.76 billion, up from $15.91 billion in 2014.
The Two Most Important Characteristics Every Fintech Company Should Have
The 2016 Benzinga Fintech Awards is the only event in fintech dedicated to recognizing innovation in financial services and capital markets. Ahead of the May 24th awards show and gala, we spoke with Peter Ognibene, managing director of investment banking advisory firm Berkery Noyes.
Insurance Consolidation: Big Bites, Big Business
“The Affordable Care Act forced insurance providers like Aetna and Humana to change their offerings,” O’Connor said. “Insurers had to take an educated guess at the kinds of plans consumers would want as a result of the health care mandate, and in many instances, they guessed wrong. Six years later, the mergers and acquisitions we’re seeing across the industry are a response to these providers wanting to be able to offer the policies and tools consumers are demanding.”
Consumer Software Deals Power Tech M&A Market
“In general there have been fewer megadeals, but middle market transaction volume should continue at a steady pace as acquirers look for innovative technologies to help expand their product offerings,” Mary Jo Zandy, managing director at Berkery Noyes, told eWEEK.
Following EdTech Money
“Given the complexity of factors that affect student performance and outcomes, the link between effectiveness and company performance and exits isn’t clear as you might expect,” said Berkery Noyes.
Mobile M&As Increase 35pc on Wave of Branded Content Interest: Report
The number of mobile-related merger and acquisition deals rose 35 percent during the first quarter of 2016 as businesses looked to beef up capabilities related to mobile distribution of branded content, analytics and machine learning, according to a new report from Berkery Noyes.
Investor Interest in Healthcare IT is Accelerating
Meanwhile, a report from Berkery Noyes, an investment banking firm, reported that merger and acquisition activity in the healthcare IT segment rose to $17.1 billion in 2015, up 4 percent compared with $16.4 billion in 2014. The number of transactions increased 15 percent in 2015, compared with the previous year.
Education Industry Mergers, Acquisitions Jumped Significantly in 2015
The number and value of mergers and acquisitions in the education industry rose sharply over the most recent year, fueled by deals in professional training and by consolidation in some areas of K-12, a new analysis has found. There were 418 mergers and acquisitions in the education industry in 2015, up from 329 in 2014, according to research by the investment bank Berkery Noyes.
Altaris Capital Exits M2S
Medstreaming has acquired M2S. Financial terms weren’t announced. Altaris Capital Partners was the seller. West Lebanon, New Hampshire-based M2S provides registry software technology which aims to improve healthcare quality. Berkery, Noyes & Co. LLC advised M2S while KeyBank Capital Markets Inc provided financial advice to Medstreaming.
Medstreaming Buying Altaris-Backed Software Vendor
Altaris Capital Partners LLC-backed M2S is being acquired by Medstreaming, a Redmond, Wash., provider of cardiovascular and radiology workflow software services. Berkery Noyes & Co. represented M2S on the deal. KeyBank Capital Markets Inc. advised Medstreaming.
Medstreaming Buys West Lebanon Software Developer
Medstreaming, a Redmond, Wash.-based developer of healthcare cardiovascular and radiology workflow software, has announced the acquisition of M2S of West Lebanon, NH, a developer of registry software technology designed for healthcare quality improvement. Berkery, Noyes & Co. LLC served as exclusive financial advisor to M2S.
Mortgage Contracting Services Acquires EPIC Real Estate Solutions
Mortgage Contracting Services (MCS), a nationwide provider of property preservation, inspections, REO property maintenance, and valuations for the financial services industry headquartered in Plano, Texas, has announced the acquisition of Austin, Texas-based EPIC Real Estate Solutions. Berkery Noyes served as exclusive strategic and financial advisor to EPIC Real Estate Solutions for the transaction, which is expected to close in early March 2016.
MCS Acquires EPIC Real Estate Solutions
Property preservation and inspection, REO property maintenance and valuations company Mortgage Contracting Services announced it is expanding its client offerings by acquiring EPIC Real Estate Solutions. Berkery Noyes served as exclusive strategic and financial advisor to EPIC Real Estate Solutions.
Mortgage Contracting Services Acquires EPIC Real Estate Solutions
With the acquisition of EPIC, MCS is expanding its client offerings to include title insurance, escrow and closing services, loan document signing services, and flood certifications. Also, EPIC’s full suite of valuations products will be combined with MCS Valuations. Berkery Noyes served as exclusive strategic and financial advisor to EPIC Real Estate Solutions for the transaction.
HIMSS Attracts Thousands of Digital Health Hopefuls. How Many Will be Back Next Year?
“It’s the niche providers that develop “best of breed” technologies that the large enterprise companies can’t develop themselves because they’re not that focused,” said Jonathan Krieger, managing director at Berkery Noyes, an investment bank.
Will Health Insurance Mergers Stifle Market Competition?
With regard to the impact of the health insurance mergers, Thomas O’Connor, MD at Berkery Noyes, told HealthPayerIntelligence.com that there have been more acquisitions and mergers taking place throughout the entire healthcare industry and that the Affordable Care Act may play a role in pushing forward these consolidations.
Here’s What Happens When an Old-School Finance Firm Buys a Startup
As technology startups disrupt the retail, healthcare, and finance sectors, many traditional companies — those getting disrupted — are choosing to partner with the innovators. Last year, the financial-technology, or fintech, world saw more than 400 mergers and acquisitions, according to investment bank Berkery Noyes.
London Fintech Corporate Finance Firms Merge as Deals Flow
The number of fintech M&A transactions increased 14% in 2015 compared with a year earlier, from 376 to 427, according to data from boutique M&A firm Berkery Noyes. Transaction volume more than doubled over the same period, from $27.81 billion to $63.78 billion, according to the data.
5 Reasons Tech Innovation is a Must Among Mortgage Businesses
The heavily regulated mortgage environment has caused technology innovation to become a new focal point of many businesses within this space. John Guzzo, Managing Director in the Financial Technology Group at Berkery Noyes sat down with MReport to share his insight on how technology is innovating the mortgage industry.
FTV Buys Minority Stake in Financial Advisor Tools Provider True Potential
FTV Capital has picked up a minority stake in UK-based wealth manager and integrated advisor True Potential in a deal which values the company at more than £150m. True Potential was represented by Berkery Noyes & Co, a New York-based investment bank.
4 Trends in Health IT, Pharma M&A in 2015
The number of mergers and acquisitions in the health IT and pharmaceutical information spaces continues to grow. In 2015, there were 446 M&A transactions in health IT and pharmaceuticals, reaching a total value of $17 billion, according to a trend report from Berkery Noyes.
FTV Capital Backs True Potential
FTV Capital has acquired a “significant” minority stake in UK-based financial services company True Potential LLP. No financial terms were disclosed although the investment reportedly puts True Potential’s valuation over 150 million pounds.
FTV Capital Acquires Stake in U.K. Technology Company True Potential
San Francisco growth equity firm FTV Capital has purchased a “significant minority share” of True Potential LLP, a U.K.-based financial services and technology company. The transaction values True Potential at more than 150 million British pounds, according to a news release. FTV Capital is the company’s first institutional investor. True Potential retained Berkery Noyes & Co. as its financial adviser.
US Deal Values True Potential at £150M
A US institutional investor has taken a significant minority stake in Newcastle-headquartered True Potential which vales the financial services and technology organisation at more than £150m. FTV Capital, which has offices in San Francisco and New York, invests in high-growth companies in the financial services, payment and processing, and technology sectors. True Potential was represented by Berkery Noyes & Co, a New York-based investment bank.
True Potential Profits From US Private Equity Deal
True Potential has received a “significant” investment from US private equity firm FTV Capital. According to David Harrison, managing partner of Newcastle-headquartered True Potential, which was founded in 2007, the sale of the minority shareholding – for an undisclosed sum – represented a great opportunity to reward the firm’s partners and to invest in the business. The deal was brokered by US investment bank Berkery Noyes.
US: Education M&A Volume Up 26% In 2015
Mergers and acquisitions in the US education market increased by 26% in 2015, a report by investment bank Berkery Noyes has claimed. Between 2014 and 2015, it said, the total number of deals rose from 329 to 415. Berkery Noyes said “significant participation” from strategic acquirers in the market had pushed up total transaction value.
Education Industry Sees 415 Mergers & Acquisitions, Worth Nearly $18 Billion, in 2015
“The largest area of activity in 2015 was in the corporate and professional education space as the need for continuing education and workforce development continues to expand while technology has improved the delivery and efficacy of instruction,” Berkery Noyes said in a statement.
Fintech Mergers And Acquisitions In 2015 Double The Value Of Deals In 2014, Finds Berkery Noyes
2015 was a great year for financial technology (fintech), as recently released stats from Berkery Noyes show. Among other findings, 2015 saw 427 fintech mergers and acquisitions, a total transaction volume increase by 14 percent over 2014, from 376.
Capital Markets Sector Leads Fintech M&A Activity
Peter Ognibene, MD, Berkery Noyes, says: “Significantly, the median revenue and Ebitda multiples in the capital markets sector during 2015 have trended well above those of the entire financial technology industry. While it took this sector the longest to recover from the financial crisis, buyers are piling in now and really driving up prices.”
Payments Industry Dealmaking Slowed in 2015
In 2014, the payments industry completed 140 acquisition transactions, up 46% from the previous year’s 96. The payments industry had 111 transactions in 2015, down from 140 in 2014, according to Berkery Noyes’ annual report. Despite the decline, some of the largest deals came in the payments industry.
Digital M&A Activity Up 12 Percent in 2015
The online and mobile industry M&A (mergers & acquisitions) transaction volume increased 12 per cent on a year-to-year basis, according to independent mid-market investment bank Berkery Noyes’ end-of-year report. The Consumer Mobile Application segment’s deal volume increased 3 per cent in 2015, representing a 10 per cent gain compared to 2013.
Teachscape’s Tangled Tale
“There is a robust trend toward consolidation of education companies in certain niches, such as human and talent capital management,” observes Berkery Noyes, an investment bank that reports and advises on mergers and acquisitions. The group tallied 122 such deals in the third quarter of 2015—the peak volume throughout the past seven quarters.
Buyers’ Appetite for Online and Mobile Deals Grows 12% in 2015
The volume of online and mobile deals in 2015 increased 12% to 2,798 transactions from 2,493 in 2014, according to investment bank Berkery, Noyes & Co. Deal value rose 19% to $156.49 billion from $131.16 billion in 2014. Of the 10 largest transactions in 2015, five occurred in the fourth quarter. These five deals, with a combined value of $22.79 billion, accounted for 15% of the industry’s aggregate value, Berkery Noyes says.
M&A Trends Suggest Growth in Online and Mobile Industries
Merger and acquisition trends seem to be reflecting strong growth in the online and mobile industries, according to a new report. Published by independent mid-market investment bank Berkery Noyes, the report compares M&A data from 2015 against 2014 and 2013. One finding of this report is that there has been 12 percent year-on-year growth in M&A transaction volumes, which increased from $131.16 billion in 2013 to $156.49 billion last year.
Media, Communication Deals Rise in 2015, Price Drops
Broad-based media and communications deal-making rose moderately in 2015 — with Internet media deals witnessing some of the strong activity. Deal volume rose 8% for the year to 1,857 with total value growing 12% to $109 billion, according to investment banker Berkery Noyes.
Media & Marketing Industry M&A Deal Volume Increased 8% for 2015, According to Berkery Noyes Report
The media and marketing industry M&A deal volume increased 8% on a year-to-year basis, and aggregate value gained 12%, from $97.97B to $109.01B. The number of private equity backed transactions increased 13% during the past year, from 207 to 233.
5 Reasons You Need Tech in Your Real Estate Business
A white paper released by Berkery Noyes Investment Bankers shows the impact that technology has on the mortgage sector. Guzzo points out that regulations like the TILA-RESPA Integrated Disclosure (TRID) rule and Title XIV of the Dodd-Frank Act requires lenders to meet extra minimum standards before issuing residential mortgage loans and to make a “reasonable and good faith determination” that the borrower will be able to repay the loan.
Chronos Solutions Buys Mortgage Tech Company Cogent Road
Real estate finance services provider Chronos Solutions in Frisco, Texas, has acquired San Diego-based mortgage technology company Cogent Road. Cogent Road offers three mortgage origination products: Funding Suite, Tax Door and Roohmz. Berkery Noyes was Cogent Road’s strategic and financial advisor.
Chronos Solutions Snaps Up Real Estate Tech Firm Cogent Road
Chronos Solutions, a national real estate finance services provider, has agreed to acquire Cogent Road, a San Diego-based mortgage technology company. The acquisition will allow Chronos to expand its suite of products and services supporting mortgage lenders as well as add a deep bench of mortgage technology talent. Berkery Noyes served as exclusive strategic and financial advisor to Cogent Road.
3 Trends in Behavioral Health Acquisitions
“One of the hottest spaces in healthcare now is the broader behavioral health space for both strategic and financial buyers,” says Jonathan Krieger, managing director at Berkery Noyes. “It’s a high growth market that is largely unpenetrated today with huge growth characteristics—that has all the attributes that acquirers want to increase their exposure to,” Krieger says.
Third Quarter Mergers, Acquisitions Up, From Amplify to Middle Schoolers’ App
The most attractive acquisition candidates are online and digital, according to Mary Jo Zandy, a managing director at Berkery Noyes. Companies that show growth are “selling for a nice multiple,” she said. “For K-12, people are looking for reoccurring revenue from companies that have traction and repeat sales, and [whose products] are adopted by more and more school districts,” she said.
Your Guide to a Nation of Edtech Accelerators
The ballooning number of edtech accelerators, each of which can hatch upwards of a dozen startups every year —signals a dynamic investment environment, says Berkery Noyes, which advises education companies in merger and acquisition deals.
Health Care M&A Stays Hot as Tech Advances and Obamacare Drive Growth
The health care information and solutions market continues to see transactions at robust multiples, and that M&A momentum should carry through next year, said Tom O’Connor, managing director at Berkery Noyes. O’Connor said there is a tremendous interest in health care technology and solutions companies from both strategic and financial buyers as the industry continues the shift from paper-based to digital solutions and IT based solutions.
Media and Marketing M&A on the Rise in Q3
On Wednesday, investment bank Berkery Noyes released its media and marketing Q3 mergers and acquisitions report. Berkery Noyes reports that media and marketing deal volume declined 6% from Q2 to Q3 in 2015. But compared to 2014, the number of M&A transactions has increased 4% year-to-date.
Media M&A Up 14% to $24B While Median Deal Multiples Fall to 1.7x
The number of media mergers and acquisitions rose 4 percent through the first three quarters of 2015 while the aggregate value of those deals jumped 15 percent to $24 billion over the same period in 2014, according to independent investment bank Berkery Noyes.
Adtech Companies See Paths Diverging in Hostile Marketplace
Nonetheless, companies that can differentiate their offerings from the average digital-based, mobile-based ad tech players have still performed well, noted Vineet Asthana, a banker at Berkery Noyes. The marketing technology company Marketo, which has a big play in adtech, is one such firm, Asthana said.
Used in 85 Percent of US Districts, MasteryConnect Raises $5M From Zuckerberg Education Ventures
The company may have plenty of options to consider, given the recent surge in the number of startups and venture capital firms supporting the education technology industry. And according to investment bank Berkery Noyes, mergers and acquisitions activity in this space is currently at its highest point in recent years.
People Moves of the Week
The New York investment bank added Vineet Asthana as a managing director in the firm’s telecom, media and technology group where he will focus on mergers and acquisitions in digital media and internet.
Movers & Shakers: Sept. 1, 2015
Investment bank Berkery, Noyes & Co. hired Vineet Asthana as a managing director in the telecom, media and technology group. Asthana was a founding member at CyndX Advisors, an investment and advisory firm focused on digital media, Internet and technology
Term Sheet — Monday, August 31
Vineet Asthana has joined investment bank Berkery Noyes as a managing director in its telecom, media and tech (TMT) group. He previously was with Cyndx Advisors. www.berkerynoyes.com
Top FinTech M&A Deals in 2015
According to a report into M&A activity in the first half of 2015 by independent investment bank, Berkery Noyes, there were reportedly 192 fintech mergers and acquisitions worth $18.9 billion so far this year, and six of the top ten largest deals in the first half of 2015 were made in the payments segment.
Investments in Education Technology Reaching New Highs in 2015
A recent market brief from investment banking firm Berkery Noyes takes a broader view and points out that private investment activity is on the rise across education sectors. The Berkery Noyes tally reports a 9% increase in deals in the first half of 2015, as compared to the last six months of 2014. Deal values, however, rose even more for a 29% increase and a total of US$6.11 in education sector investments YTD June 2015.
Following the Money in Ed-Tech Investment: Number of Mergers Grows
The number of mergers and acquisitions in the industry has reached its highest peak in two and a half years, according to a recent report by the investment-banking firm of Berkery Noyes. In the past six months, the number of such mergers grew by 9 percent.
Strong investor interest in mergers and acquisitions for education companies is likely to continue for the second half of 2015
Strong investor interest in mergers and acquisitions for education companies is likely to continue for the second half of 2015, after a record-setting first half of the year in which the value of transactions reached $6.11 billion—29 percent higher than the same time last year, according to Berkery Noyes, an investment bank.
What Draws Private Equity and Strategic Acquirers to Education Technology
“If you look at the activity in terms of the volume of transactions, we’re at the highest level in the last two and a half years,” says Berkery Noyes. Other notable deals involved traditional publishers like Pearson, Houghton Mifflin Harcourt and Scholastic.
An Update on M&A in the Online and Mobile Industry
Managing Director Vineet Asthana, in a byline article for IT Briefcase, discusses some of the key factors impacting Online and Mobile M&A. According to Asthana, the ongoing shift of consumers’ time and marketing spend to digital channels has been significant in the past few years and it is expected to continue unabated at a 20%+ annual pace.
Industry Watch: Software Industry M&A Grows in the Last Year
M&A activity rose for the fourth consecutive half-year, according to the report. This reflects a supply of attractive, strategic acquisition targets as well as a “diverse universe of acquirers,” according to Mary Jo Zandy, managing director at Berkery Noyes.
Payments and Capital Markets Sectors Dominate Fintech M&A Activity
Peter Ognibene, MD, Berkery Noyes, says: “An increased appetite for technology spending at financial institutions is presenting vendors with good pipelines and an increased array of legacy tech sellers. In addition, regulatory pressures are requiring more transparency pertaining to risk assessment and valuation methods.”
Fintech Gears Up For the Latest Wave of M&A Action
As young financial technology companies continue to attract increasing amounts of venture capital funding, investment bankers are expecting more mergers and acquisitions activity in the sector. Data from New York-based investment bank Berkery Noyes shows that there were 343 deals in the financial technology and information industry in 2014, 8% higher than 2013, with transaction value up by just 5% to $28.7 billion.
Berkery Noyes: 2012-2014 Education M&As Worth $28.1 Billion
Not only is venture capital for edtech startups growing–so, too, are mergers and acquisitions for more mature companies. The number of education M&A deals in 2014 increased 9 percent from 2013 (from 298 to 325); the value of those deals, however, jumped 25 percent from $9.12 billion to $11.4 billion. The numbers come from investment banking advisory firm, Berkery Noyes.
Accolade Could be Positioned For Exit in Latter Half of 2016 – CEO
Jonathan Krieger, managing director at Berkery Noyes, said Accolade would likely command an attractive multiple in a sale process, anywhere from 3x to 5x revenue or 8x to 15x EBITDA. “There are very few players with the same scale and growth trajectory that are serving self-insured employers and payors,” he noted.
Stars, Stripes and Start-Ups
According to Education Investor, M&A activity in the US education industry is hotter than ever. Kirsten Noben looks at what’s driving the trend and the subsectors getting most love. While a bounce back in state spending has played a part, technology has been the main driver, with nearly $2 billion (£1.3 billion) invested in the ed tech space alone last year.
Reported Uptick in Exhibition M&A During First Half of 2015
“Many media and marketing companies are looking for acquisitions to enhance their growth,” said Mary Jo Zandy, managing director, Berkery Noyes. “They are also making investments in those areas where their clients are spending the most money and where they can sell their services at a premium. M&A activity is robust due to the high stock market valuations and the low cost of financing transactions.”
Media, Marketing Deals Hold Steady
Media and marketing deal making for the first half of 2015 were relatively constant versus the previous six-month period– with volume and median costs dropping. Deal volume grew 3% to 863 from 841 versus for the last six months of 2014, according to media investment banker Berkery Noyes.
PE Deals Accounted for Nearly Half of Software M&A So Far in 2015
For an indication of just how steep valuations are getting- one needn’t look any farther than the software sector. Sponsor-backed transactions made up more than 40% of the dollar value of deals so far this year, despite accounting for just 18% of transaction volume, according to a report from investment bank Berkery Noyes.
Microsoft Most Aggressive of All Firms for Tech M&As This Year
This week, Berkery Noyes investment bank released its 2015 M&A trends report for the software industry. With all of the recent lower-than-expected quarterly revenue reports in the technology sector, it might be easy to assume that portions of the IT industry are seeing a cooling off period. But don’t tell that to Microsoft Corp., which leads all firms in technology company acquisitions for the first half of 2015.
Wilmington Strengthens U.S. Position With Acquisition
Wilmington plc, a U.K.-based publisher and business information provider, took a step toward improving its market position in the U.S. on Tuesday with the acquisition of Financial Research Associates, the company announced. Berkery Noyes represented FRA in the transaction.
Financial Research Associates Acquired by UK’s Wilmington
Financial Research Associates LLC (FRA), organizers of highly specialized conferences in the finance and healthcare sectors, has been acquired by Britain’s Wilmington plc. Berkery Noyes represented FRA in the negotiations.
Report: M&A Activity Ripe in Health IT Industry
Merger and acquisition (M&A) activity in the healthcare IT segment improved 33 percent on a year-to-year basis, according to new research from New York City-based investment bank Berkery Noyes. The health IT segment accounted for almost half of the industry’s aggregate deal volume, and strategic acquirers comprised 70 percent of the segment’s volume, according to the research.
K-12 Dealmakers to Focus on Adaptive Learning, Assessment, Report Says
Private equity firms and strategic acquirers interested in making deals in K-12 education this year will be looking to invest in businesses that provide adaptive learning and assessment, according to a report from Berkery Noyes, a New York-based investment bank. “Most companies in the education sector have been doing very well of late,” said Mary Jo Zandy, a Berkery Noyes managing director, in an interview.
Wellness Coaches Plans to Review Options in 2016, Co-Founder Says
Jonathan Krieger, managing director at investment bank Berkery Noyes, said multiples among wellness companies can range from 7x to 15x EBITDA and between 1x to 3x revenue. Krieger said Wellness Coaches is a very attractive target in a fragmented market that is seeing increased consolidation, driven largely by rising insurance premiums, demographic trends, new reimbursement models and health reform. He believed both PE firms and strategic players would show interest in the company.
Downtown Cincinnati Financial Firm Sold
Southwest Financial Services Ltd. has been part of downtown Cincinnati for more than 25 years, and now it has a new owner. Berkery Noyes served as an adviser for the acquisition, which continues Solidifi’s rapid growth. The firm has expanded more than 50 percent annually since 2008.
Appraisal Management Company Solidifi Purchases Southwest Financial Services Ltd.
Solidifi, an independent real estate appraisal management company (AMC), has acquired Southwest Financial Services Ltd., a national, independent provider of outsourced services to home equity lenders. Berkery Noyes was an advisor for the transaction.
Solidifi Acquires Southwest Financial Services
Solidifi, a provider of residential real estate appraisals, acquired Cincinnati-based Southwest Financial Services, provider of outsourced services to home equity lenders. Along with the acquisition, Solidifi’s parent, Real Matters, raised $60 million in financing to strengthen the company’s balance sheet and to pursue further strategic opportunities.
Berkery Noyes Reports Media M&A Down 11% in Q1 of 2015, Following 16% Rise in Q4 of 2014
According to Berkery Noyes’ latest research, transaction volume decreased 11 percent in Q1 2015. This followed a 16 percent rise in Q4 2014. Total value declined 35 percent over the past three months, from $24.1 billion to $15.6 billion. Of note, eight of the industry’s top ten largest deals in Q1 2015 were based outside of the U.S.
1105 Media Sells Event Units to LRP Conferences
LRP Conferences LLC has acquired Future of Education Technology Conference, FETC Virtual Conference, Campus Technology Conference and the Campus Technology Forum. The seller is 1105 Media Inc., which is backed by Alta Communications and Nautic Partners. LRP Conferences is an affiliate of LRP Publications. Berkery Noyes & Co LLC advised 1105 Media.
LRP Conferences Buys 1105 Media’s Education Technology Events
LRP Conferences, producers of national conferences and professional research services, has acquired several education technology events from 1105 Media. Investment bank Berkery Noyes & Co, LLC represented 1105 Media, Inc. in the transaction.
LRP Conferences, LLC Acquires 1105 Media’s Education Technology Events
1105 Media will continue to operate its publishing and digital products in the education marketplace, including Campus Technology and THE Journal, which serve the higher education and K-12 sectors, respectively. Investment bank Berkery Noyes & Co, LLC represented 1105 Media, Inc. in the transaction.
1105 Media Sells Its Education Tech Events to LRP Publications
Trade shows have become a particularly sought after asset in media M&A lately. B2B publisher 1105 Media has just sold its education technology events to LRP Publications, a Palm Beach Gardens, Florida-based media company targeting education administrators. Media M&A broker Berkery Noyes represented 1105 in the deal.
LRP Conferences Acquires 1105 Media Education Technology Events
LRP Conferences, LLC, an affiliate of LRP Publications and producers of national conferences and professional research services, announced April 2 the acquisition of four education technology events from 1105 Media Inc., a California-based multimedia B2B company. Investment bank Berkery Noyes & Co, LLC represented 1105 Media Inc. in the transaction.
2015 Benzinga FinTech Awards Gala
Berkery Noyes served as a sponsor and presented an award at the Benzinga Fintech Awards, an event dedicated to recognizing outstanding innovation in financial technology that is specific to the capital markets. Over 100 of the most innovative financial technology companies competed against each other.
Emerald Expositions Acquires Leading Design Assets from Vendome Group, LLC
Emerald Expositions, LLC (“Emerald”) announced that it has acquired several leading brands in the healthcare and senior living design market from Vendome Group, LLC. The financial terms of the transaction were not disclosed. Investment Bank, Berkery Noyes & Co, LLC, represented Vendome in the transaction.
Emerald Acquires Healthcare and Pizza Shows
Emerald Expositions LLC announced two show acquisitions in March that beefed up the company’s design group portfolio. The transaction includes three Vendome brands that are focused on the design and construction of healthcare and senior living facilities. Berkery Noyes represented Vendome Group in the negotiations.
Onex-Backed Emerald Expositions Buys Design Assets From Vendome Group
Emerald Expositions LLC, a portfolio company of Onex Corp, has bought several brands in the healthcare and senior living design market. The seller was Vendome Group LLC. Among the purchased brands is Healthcare Design Conference and Expo, a tradeshow focused on design for healthcare facilities. Investment Bank, Berkery Noyes & Co, LLC, represented Vendome in the transaction.
Emerald Expositions Buys Events in Food and Healthcare/Senior Living Design Industries
Emerald Expositions bought several brands in the healthcare and senior living design market, including the Healthcare Design Conference and Expo and other events, education, print and online assets from the Vendome Group. Investment Bank, Berkery Noyes & Co, LLC, represented Vendome in the transaction.
Are Snapchat, Uber and Pinterest’s Sky-High Valuations Too High?
“Yes, [these valuations] are high,” said Mary Jo Zandy, managing director at Berkery Noyes, New York. “Still they are companies that have unlimited, global potential. And Snapchat and Pinterest are successful platforms, something very hard to achieve.”
Media Deals: Volume Grows, But Revs Hold Steady
Total media and marketing transaction volume grew by double-digit percentage in 2014 — but the total number of transactions and the average revenue and cash flow selling multiples remained generally the same as the year before. Investment banker Berkery Noyes says transaction volume rose 22% to $91 billion in 2014 over the year before; with the number of transactions at 1,696 in 2014 versus 1,697 in 2013.
SS&C in Talks to Acquire Advent for About $2.3 Billion
Takeovers of financial-technology providers rose five percent in 2014 to $28.7 billion, according to research from investment bank Berkery Noyes & Co. Payments companies are consolidating as consumers show an increased preference for credit cards, while providers of financial software are striking deals to keep their technology fresh.
Berkery Noyes: 2012-2014 Education M&As Worth $28.1 Billion
Not only is venture capital for edtech startups growing–so, too, are mergers and acquisitions for more mature companies. The number of education M&A deals in 2014 increased 9 percent from 2013 (from 298 to 325); the value of those deals, however, jumped 25 percent from $9.12 billion to $11.4 billion. “The focus on education access, data analytics, and outcomes-driven technology products and services continues to shape the industry,” says Berkery Noyes in the press release.
K-12 Merger and Acquisition Market Looks Positive for 2015, Says Investment Firm
The business climate for dealmaking in the K-12 marketplace should be a favorable one in 2015, according to Mary Jo Zandy, a managing director at Berkery Noyes, a New York-based investment bank. “I think it will be a good year for M&A activity in education in general,” said Zandy, whose firm recently released its 2014 Education Report, tracking sales and purchases of education companies that serve students and professionals from 2012 to 2014.
Marketing M&A Deal Value Triples in 2014
Marketing M&A deal value tripled in 2014, according to the 2014 M&A trend report by independent investment bank Berkery Noyes. Four of the industry’s top 10 highest-value deals were in the marketing segment last year, and each transaction was worth more than $2 billion. Only one deal generated this much value in 2013.
Mergers and Acquisitions in Payments Sector Boom in 2014
2014 was a big year for payments M&A, the latest Financial Technology M&A report by Berkery Noyes reveals. Not only were four out of the five largest financial technology M&A deals in the payments segment, but transaction volume also experienced a 44% rise over the past year.
Payments Industry Saw Heavy M&A in 2014
Mergers and acquisitions among payments companies rose 44% in 2014 compared to the year before. Overall, there were 137 transactions in the payments industry, compared to 95 in 2013, making it the financial sector with the largest rise in volume. “Big corporations tend to wait for one or two smaller companies to compete with similar payments technologies, then focus on the one that survives as a company to approach for a potential acquisition,” John Guzzo, managing director at Berkery Noyes, stated in a press release.
Software Industry Mergers, Acquisitions Rise 14 Percent in 2014
“2014 was quite a year for the M&A market in terms of both volume and value,” Mary Jo Zandy, managing director with Berkery Noyes, told eWEEK. “With generally strong balance sheets and healthy income statements, the major strategic buyers are, by and large, continuing to look for acquisitions that offer additional growth opportunities.”
Software M&A Skyrocketed in 2014
Software industry mergers and acquisitions rose dramatically this past year, with Facebook’s moves accounting for 20% of the growth. In its Software Industry M&A Report for 2014, investment bank Berkery Noyes revealed a 14% increase in the number of deals to a total of 1,840 transactions, with deal value rising 36% from US$88.32 billion to $120.18 billion.
Robb Report Sold to PE Group
Robb Report, a magazine and lifestyle brand dedicated to the ultra wealthy, has been sold to Rockbridge Growth Equity, a Detroit-based private equity firm. Berkery Noyes served as financial advisor to Robb Report on the deal.
Rockbridge Growth buys the Robb Report
Rockbridge Growth Equity said Wednesday it has acquired the Robb Report. Malibu, Calif.-based Robb Report is a magazine that caters to ultra affluent consumers. Dan Gilbert, who owns the Cleveland Cavaliers, is the Rockbridge Growth’s managing partner. Berkery Noyes advised the Robb Report.
Rockbridge Picks Up Publication Company Robb Report
Rockbridge Growth Equity acquired Robb Report, a luxury lifestyle-focused media company whose publications include Health & Wellness, Home & Style and Watch Collector, according to a news release. Robb Report was advised by Berkery Noyes.
Nanodegree and Boot Camp Programs Attracting Investment
But Mary Jo Zandy, managing director of investment bank Berkery Noyes, says she’s somewhat skeptical about the staying power of these programs and “what kind of traction they’ve gotten.” She says none of the courses are of critical mass yet. Nevertheless, she says more educational technology companies will look to take advantage of investor interest by tapping the public market, following the example of 2U, which had a successful public offering in March.
McGraw-Hill Education Interested in Further Adaptive Learning Buys
Mary Jo Zandy, managing director of investment bank Berkery Noyes, said MHE is waiting to go public sometime in 2015. “It’s not a secret that that’s their goal,” Zandy said. “The ingredients are there. The stock market looks good for education companies,” she said. The company is doing well and repositioning itself to emphasize growth and educational technology. K-12 is rebounding and the company is also strong in higher education, she noted.
PE-backed Truven Health to acquire Heartbeat Experts
Truven Health Analytics, a portfolio company of Veritas Capital, has agreed to buy Heartbeat Experts. No financial terms were disclosed. Berkery, Noyes & Co was the financial advisor to Heartbeat Experts on the transaction. Heartbeat Experts is a provider of stakeholder management solutions for the life sciences sector.
A Look At Ed Tech’s Biggest Money Markets
According to Berkery Noyes, an investment bank that specializes in the education and training sector, ed-tech investment has increased steeply since 2006. More than $1-billion was invested in ed-tech companies in 2013, and in the first quarter of this year more than $500-million was invested.
Truven Health Analytics Buying Heartbeat Experts
Truven Health Analytics Inc., a provider of health-care analytics and data services backed by Veritas Capital, said it agreed to acquire Heartbeat Experts, a provider of stakeholder management services for the life sciences industry, for an undisclosed sum. Berkery Noyes & Co. served as the exclusive financial adviser to Heartbeat Experts in the transaction.
Software Investments To Continue In Uneven Market
M&A transactions will likely show more growth in Q4, says Peter Ognibene, the firm’s managing director. “We are in a frothy M&A market right now, particularly in software and tech, so we can expect to see big deals and numbers continue to trend up,” he told IBD. Increasing VC fund dollars also drives M&A activity, Ognibene says. “More capital chasing the same number of deals drives up the value, which creates more sellers, which creates more volume, which will bring more interest,” he said. “It’s a virtuous circle.”
Education M&A Deals in 2014 Top $8 Billion
“It’s been a very strong year–probably better than the prior year,” Mary Jo Zandy, Managing Director at Berkery Noyes, tells EdSurge. In K-12, which “was more depressed than higher-ed and professional publishing during the recession, push from various legislation, testing consortia” are “driving changes in states and district budgets and forcing them to try new things.”
Money 20/20 Acquired by i2i Events Group; European Expansion Planned
Britain’s i2i Events Group has acquired Money 20/20, a fledgling financial services conference and exhibition held in Las Vegas in November. Terms of the deal were not announced. Money 20/20 will continue to operate under the leadership of its founders, Anil Aggarwal and Jonathan Weiner. Berkery Noyes represented Money20/20 in the transaction.
Payments Sector Dominates Booming Fintech M&A Activity
John Guzzo, MD at Berkery Noyes, says: “Card providers and merchants are seeking to gain a competitive edge and reduce fraud related costs by acquiring the best technology available. As EMV capable systems reduce in-person fraud, fraudsters will shift online, thus requiring merchants to adopt even more advanced technology.
Software Industry Sees Rise in M&A Value
“Very attractive and large properties have come to market. The universe of acquirers has grown beyond Oracle and SAP,” Mary Jo Zandy, managing director from Berkery Noyes, told eWeek. “Private equity players, such as VISTA, have been acquisitive. And capital markets have enabled them to pay premiums, based upon debt availability.”
Mortgage Compliance & Its Impact on Bank Technology
According to an article written in Bank Systems & Technology by John Guzzo, Managing Director at Berkery Noyes, the ongoing implementation of new regulations are driving innovation in mortgage servicing. Prior to the credit crisis, mortgage regulations had focused mainly on the originations sector, but this is rapidly changing as regulators give the servicing sector more attention.
Reform Update: Facing ACA Mandates, Insurers Diversify Into Technology
The new business lines allow insurers to diversify and strengthen their revenue base, said Jonathan Krieger, managing director at investment bank Berkery Noyes, which focuses on the technology sector. “There’s a lot of activity in the space,” he said. “They need to look for other ways to maintain their margins.”
Digital, Global Opportunities Top M&A Activity in H1 2014
“Data driven decision-making that is built into assessment capabilities will continue to redefine traditional publishers offerings,” Mary Jo Zandy, managing director at mid-market investment bank Berkery Noyes, said of deals like the MHE acquisition of Engrade.
K-12 Dealmaking: Education Mergers, Acquisitions Rising in 2014, Report Shows
The number of mergers and acquisitions in the education industry climbed during the first half of the year, as did the multi-billion dollar value of those transactions, according to a new report. The biggest deal during that period was the acquisition of SkillSoft, an Irish company that provides cloud-based technology services to governments, businesses, and schools, by Charterhouse Capital Partners, for $2.3 billion, according to Berkery Noyes, the independent investment bank that published the report.
ABILITY Eyeing Buys As It Builds Toward IPO, CEO Says
Jon Krieger, managing director of Berkery Noyes, said ABILITY likely would attract numerous buyers in a future sale, including healthcare IT companies such as Emdeon, Cerner, McKesson, and Vista Equity-backed Greenway Medical Technologies, as well as insurers such as UnitedHealth Group.
Report: Health IT Leads Healthcare M&A Activity
Mergers and acquisitions across healthcare, pharma and health IT are on the rise, having increased by 18 percent since the second half of 2013, with health IT outpacing all other segments, according to a report from Berkery Noyes. In a statement, Berkery Noyes Managing Director Tom O’Connor said the health IT marketplace is “rapidly changing,” and that “both strategic and financial buyers are on the hunt for attractive acquisitions of scale.”
Health IT Mergers On Upward Climb
Mergers and acquisitions for the health IT market continue to see big numbers, with total deal volumes increasing 18 percent since the second half of 2013, according to a new Berkery Noyes trend report. “Private vendors of tech-enabled healthcare solutions continue to be in high demand by both strategic and financial buyers,” added Jonathan Krieger, managing director at Berkery Noyes, in a statement.
More M&A Expected in Healthcare Payment Integrity Space as Claim Errors Skyrocket
Claim overpayments are a significant contributor to the rising costs of healthcare, with claim error rates for commercial, Medicare fee-for-service (FFS) and Medicaid FFS claims estimated to be a market opportunity in excess of USD 150bn, said Jonathan Krieger, managing director of healthcare investment banking at Berkery Noyes. PE firms are attracted by the margins and growth characteristics of these companies, as their revenue models are typically a percentage of the overpayments collected, added Krieger, who represented AfterMath Clain Science in its sale to Equian last month.
M&A Activity Down in Financial Technology Sector
M&A activity in the financial technology sector was down for the first half of 2014 as compared with the last six months of 2013, according to new research from Berkery Noyes. Deal activity in the payments segment saw only a 5% decline in the first half of 2014, Berkery Noyes reported. This followed a 64% increase between the first half and the second half of 2013.
Payments Technology Attracts the Most M&A: Report
Payments is likely to stay in the forefront of M&A activity as the industry invests in emerging security technology, says John Guzzo, managing director for Berkery Noyes. As companies continue to pursue electronic bill payment and online payments to eliminate paper bills, the payments industry may see more mergers in that space in the future, Guzzo says.
Media and Marketing M&A Values Rise, Small Deals Abound
Investment bank Berkery Noyes’ first-half report for 2014 shows total value for mergers and acquisitions (M&A) in the media and marketing industry up on a half-year basis, from $45.8 billion to $49.8 billion. Total value of M&A in the industry had a sharp 70% increase compared with the first half of 2013, which had a total value of $29.5 billion.
How the Recent Growth of Auto Lending Is Changing Retail Banking
According to an article written in Bank Systems & Technology by John Guzzo, Managing Director at Berkery Noyes, automated solutions can help credit unions take advantage of the market growth in auto and personal loans as refinancing opportunities decline.
Great Point-backed Equian completes AfterMath Claim Science acquisition
Equian, which is backed by Great Point Partners, has closed its buy of AfterMath Claim Science. No financial terms were disclosed. Berkery Noyes advised AfterMath Claim Science on the transaction. Based outside Chicago, AfterMath Claim Science is a provider of overpayment solutions for healthcare payors.
PE-Backed Equian Adds to Health Care Tech M&A with AfterMath Deal
Private equity-backed Equian has acquired AfterMath Claim Science Inc., a health care technology company. AfterMath, headquartered in Warrenville, Illinois, provides post-payment recovery services that aim to eliminate medical claim payment errors through data mining technology called ClaimScope.
Great Point’s Equian Buys AfterMath Claim Science
Equian, a health-care information services company backed by Great Point Partners, has bought post-payment recovery services company AfterMath Claim Science Inc. In the release, Equian said the purchase expands the Indianapolis, Ind.-based bill review and repricing service providers’ “capabilities through advanced data mining and analytics,” and builds on its acquisition of The Reclaim Group LLC last year.
Mobile Industry Sees Flurry of Mergers, Acquisitions
Mergers and acquisitions in the mobile industry continued at a flurried pace this year, with the volume of merger deals up to five percent in the first three months of 2014 alone. Total transaction value rose by 63 percent, from $26.5 billion to $43.3 billion, according to the Online and Mobile Industry trend report by Berkery Noyes, an independent mid-market investment bank.
Q1 M&A Deal Size Rises, As Does Interest In Shopper Marketing Data
Marketing M&A deal activity increased 22% year over year, marking one of the highest volume quarters on record, according to new data from mid-market investment bank Berkery Noyes.
M&A Surge in Media/Marketing Space
Mergers and acquisitions (M&A) in the marketing industry rose 22 percent in first-quarter 2014, the largest quarterly rise in volume for the sector, says a new study from investment bank Berkery Noyes.
M&A Activity in Q1 2014
In 2013, M&A specialists Berkery Noyes (New York) tracked 295 transactions in the broader education space, up from 274 in 2012 and worth an estimated $10.2 billion, up from an estimated $8.04 billion on 2012.
Report: Healthcare M&As led by IT deals
“The breadth of acquirers continues to expand, as buyers look to capitalize on the size, rapidly evolving dynamics and growth characteristics of the healthcare market,” said Thomas O’Connor, Berkery Noyes managing director. “In addition, acquirers are aggressively looking to broaden product suites, leverage distribution channels, realize revenue and gain cost synergies.”
Media/Marketing Deals See Uptick
There were 434 overall media/marketing deals in the first three months of 2014 — this versus 423 the quarter before and 417 against the first quarter of 2013, this according to a study by New York investment banker Berkery Noyes.
Zeichick’s Take: Do You Want to be a Billionaire?
According to Berkery Noyes, the niche software market was the largest of four segments defined by the bank’s analysts. The niche software segment, which consists of software that is targeted to specific vertical markets, underwent a ten percent volume increase in Q1 2014.
A Breakdown of Mergers, Acquisitions in the Education Market
Overall, there have been 573 mergers and acquisitions in the education industry over the past two years, and the number of transactions rose by 8 percent from 2012 to 2013, according to the independent investment bank Berkery Noyes, which studied dealmaking over that period.
Facebook, Citrix Deals Boost Mergers and Acquisitions Market
Transaction volume for mergers and acquisitions (M&A) in the software industry declined 4 percent on a quarter-to-quarter basis, though this represented a 14-percent increase compared to the first quarter of 2013, according to midmarket investment bank Berkery Noyes. “Many acquirers are looking for the ability to manage enterprise platforms across public, private and hybrid cloud environments,” James Berkery, chief information officer at Berkery Noyes, said in a statement.
Boathouse Capital Backs MIS Training Institute in Acquisitions
Boathouse Capital has partnered with the management team and employees of MIS Training Institute to acquire the US and UK operations of the company from its former parent, Euromoney Institutional Investor PLC. Berkery Noyes advised MIS Training Institute and Euromoney Institutional Investor PLC.
Boathouse Capital Leads Buyout of MIS Training
Boathouse Capital funded a buyout of MIS Training Institute, a unit of professional training company Euromoney Institutional Investor PLC with operations in the U.S. and U.K., through a newly formed employee stock ownership plan. Berkery Noyes & Co. advised MIS Training Institute and Euromoney Institutional.
Polaris Buys Software Maker Roberts Group
Polaris, which has offices in Waltham, Mass., San Francisco and Dublin, reached a deal to acquire Roberts Group through a process managed by New York boutique investment bank Berkery Noyes & Co.
Private Debt Firms Eager to Step In as Regulation Weighs on Bank Lending
Specialty lenders have become an increasingly common source of funding for private equity-backed deals in the technology and information services space, partly because of the flexibility that they provide, according to John Guzzo, managing director at Berkery Noyes & Co., an investment bank focused on the information and technology industries. Specifically, Mr. Guzzo said he has seen more specialty lenders offer unitranche debt, which combines the senior debt and mezzanine or subordinated debt for a deal all in one package.
Trends | Education Mergers and Acquisitions
Higher Education Media and Tech deal activity saw an 11 percent improvement between 2012 and 2013, according to the Berkery Noyes Education Industry M&A Report for full year 2013.
With Social Media, It’s About Making and Spending Lots of Money
According to a report from Berkery Noyes, an investment bank, there were 1,598 mergers and acquisitions in the software industry in 2013, worth an aggregate $88.22 billion. Companies sold, on average, for 2.4x their previous year’s revenue.
Comcast and TWC: Just A Really, Really Big Tuck-in?
Just as the media world is obsessing on the Comcast and Time Warner Cable deal, investment bankers BerkeryNoyes released its summary reports for the three-year trends of all transactions in the sectors it covers, including everything which is broadly part of the Information Industry, that they divide into Media & Marketing, Software and Online & Mobile segments.
Marketers Clamor for Mobile Expertise Through Start-Up Acquisitions
“Mobile is having a major impact on the retail landscape, and many of the bigger companies realize that they need to adapt,” said Mary Jo Zandy, managing director of Berkery Noyes, New York. “This bodes well for future M&A activity as acquirers look to fill voids in their existing product offerings,” she said.
Many of the Biggest Education Deals Playing Out Overseas, Report Finds
“The big education players are acquiring to help manage the transition from print to digital,” said Berkery Noyes.
M&A Strong in Hyper Competitive Market
A dynamic health IT marketplace is rewarding robust and scalable companies – especially those whose products focus on revenue cycle and clinical decision making, according to a trend report from investment bank Berkery Noyes.
Insurance M&A Jumped 16% In 2013: Berkery Noyes
Mid-market investment bank Berkery Noyes has released its 2013 mergers and acquisitions report for financial technology and information companies in capital markets, payments, banking, insurance and other financial services. There were 341 deals across all industries in 2013, a 10% growth from 2012.
Media M&A Stats Solid, Value Skyrockets To $97B In 2013
Media/marketing deals remained relatively the same in 2013 versus the previous year, but total dollar value soared — nearly 30%, due in large part to the Publicis-Omnicom merger. Total market value was $97.3 billion — up from $75.8 billion, according to New York investment banker Berkery Noyes.
The Deal: Thoma Bravo Profits on Flip of Digital Insight
In a conference call held to discuss the deal, NCR said that the transaction is valued at a multiple of 15.7 times pro-forma EBITDA of $105 million for the 12 months up to July 31.That’s higher than the median valuation for technology deals that took place in the first half of 2013. According to mid-market investment bank Berkery Noyes, the median EBITDA multiple for technology deals was 12.5 times in the first half of this year.
Technology Development at Core of Payments Industry M&A
“Payments has very strong proprietary technology vendors, but they lack the sales and distribution forces, so they look to align with larger payments companies,” Guzzo says of a common industry scenario. “An ancillary benefit of that is those channel partners are likely buyers,” he adds.
BLR Buys HCPro and HealthLeaders Media Brands
BLR said Tuesday that it has acquired HCPro and HealthLeaders Media brands. No financial terms were disclosed. Berkery Noyes served as HCPro’s exclusive financial advisor in the transaction.
HMH, Career Ed Buy & Sell
The end-of-the year activity comes after third-quarter activity across the education spectrum. Berkery Noyes investment bank said six third-quarter education-related transactions had an aggregate value of $1.5 billion, representing 75% of third-quarter transaction value and 26% of transaction value in the first nine months of 2013.
Education Dealmaking Focused on Early Learning, Child Care, Analysis Finds
Berkery Noyes sees several factors driving the recent activity among companies serving toddlers and young children. The first is that the child-care sector is a cyclical one. It tends to grow as the economy gains strength—as it appears to be doing now—and both parents enter the workforce, and the need for child care increases.
Health IT Mergers, Acquisitions Expected to Remain Robust
“Health care deal flow continues to be strong for companies developing proprietary technology/content, of scale in their markets, high revenue growth (double digit), high percentage of recurring revenue and large total addressable market opportunity,” Tom O’Connor, managing director at Berkery Noyes, said in a statement.
Q3 Report: Online, Mobile M&A Deals Increase, But Values Slip (Slightly)
“Deal value declined a bit on a quarter-to-quarter basis,” commented James Berkery, CIO of Berkery Noyes. “I wouldn’t look at that as a real indicator moving forward, since the volume has increased. The decline is largely due to smaller mid-market deals.”
Health IT Vendors Cash in with Analytics, Revenue Solutions
A new report by Berkery Noyes indicates that both product sales and mergers and acquisitions (M&A) within the vendor community are going strong, with $6.29 billion worth of M&A activity in 2012, driven by the HITECH Act and the pressing need to resolve pain points in the healthcare industry.
Big Opportunities, Still, for IT Vendors
The healthcare market, especially health IT, remains “highly fragmented,” with lots of openings for entrepreneurs who can solve providers’ “pain points,” according to the latest trend report from Berkery Noyes.
Berkery Noyes Named as a Finalist of the 12th Annual M&A Advisor Awards
Berkery Noyes was selected as a finalist in the M&A Deal of the Year category. The firm was nominated due to its representation of Great Escape Theatres, which was acquired by Regal Entertainment Group. The winners will be announced on December 17th.
Columbia Books Picks Up Thompson Media Unit
Columbia Books & Information Services has purchased Thompson Information Services for an undisclosed amount. The company was sold by the Thompson Media Group, which has been in the process of selling its business units. Thompson Information was the fifth and final unit to be sold.
Columbia Books Acquires Thompson Information Services
Columbia Books & Information Services announced Aug. 29 that it has acquired Thompson Information Services, a publisher of subscription-based regulatory and compliance information primarily for human resource departments, from Thompson Media Group. The transaction was handled by Berkery Noyes.
Haymarket Sells Compliance Week to Wilmington Group
Wilmington Group, a U.K.-based information provider that focuses on professional business markets, has acquired Compliance Week from Haymarket Media Group. Berkery Noyes acted as Haymarket’s financial adviser in the deal.
School Supplies for the Classroom of the Future
“Education in general is probably a middle-market sector, probably a little lower. If you got a company that is getting in the range of $40 million to $50 million in Ebitda or so, then you are quickly gobbled up by another strategic or you’re thinking about going public,” said Berkery Noyes.
Edtech Financing Trends
Investment bank Berkery Noyes shares a summary of education industry mergers & acquisitions during the first half of 2013 here. This is big game stuff and includes everything from K-12 deals to those involved with professional training: all told, the firm tracked 135 transactions valued collectively at $3.84 billion.
Payments M&A to Pick Up Momentum for Point of Sale Tech: Report
In the payments industry, point of sale technology has become the “hottest area” of interest for companies considering an acquisition, according to the investment bank Berkery Noyes. “As the trend moves away from cards, cash and gift cards to e-wallets, point-of-sale transactions will change,” says John Guzzo, the bank’s managing director in the financial technology and services group.
Fintech Vendor M&A Activity Down First Half of 2013, Study Finds
The big increase in the in the last six months of 2012 was because of tax changes, with entrepreneurs and companies trying to close deals before New Year’s to take advantage of capital gains treatment, John Guzzo, managing director of Berkery Noyes, said. “The second half of last year was an anomaly,” Guzzo noted.
Private Equity M&A In Information Tech Falls 15% In First Half
Private equity M&A activity in the information technology industry fell 15% in the first half of the year, according to a study from Berkery Noyes. Transactions totaled 234, compared with 198 in the second half of 2012. Deal volume by strategic acquirers, however, was largely flat.
Strategics Are Hot for Media and Marketing Targets
Strategic buyers in the media and marketing industry, driven by a shift toward digital, are on the rise, according to a recent report by investment bank Berkery Noyes & Co. LLC.
For Canada’s D+H, Harland Acquisition an American Dream Come True
“The main catalyst of this deal was acquiring a strong core banking platform and using that to sell other products and solutions to banks,” says John Guzzo, a managing director at investment bank Berkery Noyes. “It’s really about providing a full product suite and acquiring a business that’s going to get them into different markets.”
Education Industry Mergers, Acquisitions Rise Slightly From Last Year
Berkery Noyes said in a statement that the education industry remains in a “period of transition” which began during the deep recession a few years ago—and drained state and local K-12 budgets—and has continued to feed an “environment where many are questioning the value of the traditional education models.”
Healthcare Reform Spurs Health IT Mergers
The mergers and acquisitions market has been very robust in healthcare generally and in health IT in particular, said Jonathan Krieger, managing director for healthcare investment banking for Berkery Noyes, an investment banking advisory firm, in an interview with InformationWeek Healthcare.
Health IT M&A Extremely “Active” in 2013
For the first half of 2013, health information technology was the most active market segment of the healthcare/pharma IT industry for mergers and acquisitions, according to a report from New York-based investment bank Berkery Noyes.
M&A Report: Healthcare/Pharma IT Holds Place as Most Active Market Segment
“Even though you have within healthcare a massive proliferation of the digitization of data, it typically has been paper based forever,” Jonathan Krieger told Med Ad News Daily. “Over the last two years it has been very quickly digitized.”
Health IT M&A Highly ‘Active’ Through First Half of 2013
For the first half of 2013, health information technology saw more action in mergers and acquisitions than segments like healthcare business services, consumer health and pharma IT, according to a new report from New York-based investment bank Berkery Noyes.
VCs, Angels, and M&A All Hot for Healthcare IT in Mid-2013
According to an article in Healthcare IT News which quotes investment bank Berkery Noyes, “During the first six months of 2013, health information technology was the ‘most active market segment’ of the healthcare/pharma/IT industry for mergers and acquisitions.”
Healthcare IT Most Active Market for Mergers and Acquisitions
According to data released by Berkery Noyes Investment Bankers, healthcare IT was the most active market for mergers and acquisitions in the first half of 2013. Healthcare IT accounted for 63 percent of transactions and 40 percent of total mergers and acquisitions volume during that time frame.
Health IT Has Hot Half for M&A
“The breadth of acquirers for HIT companies continues to expand as buyers look to capitalize on the size, rapidly evolving dynamics and growth characteristics of the healthcare market,” said Jonathan Krieger, managing director at Berkery Noyes, in a statement.
RGA’s ChangeMaker Podcast Series
Managing Director John Guzzo recently participated in RGA’s podcast series, which gathers insight from leading experts in the Information Industry. In the podcast, John discusses why recurring revenue, scalability, limited customer concentration, EBITDA margin, and growth are some of the key factors that business owners should consider before selling their company.
Media M&A Value Up in First Half
M&A value in the media and marketing industries was $29.4 billion in the first half of the year, up 2% from the year-earlier period but down a steep 37% from $47.4 billion in the second half of last year, according to a report from investment bank Berkery, Noyes & Co.
Software M&A Steadies on Increase in Private Equity Money
On a whole, the quantity of private equity deals is about the same since last year, but has almost doubled in value to $12.9 billion in the first half of 2013 compared with those same six months in 2012, says James Berkery, CIO at Berkery Noyes.
StoneCalibre Acquires Magnetic Ink Printer Unit
Private equity firm StoneCalibre has purchased Source Technologies, which provides magnetic ink printers. John Guzzo of Berkery Noyes was Source Technologies’ financial adviser.
StoneCalibre Buys Check Printing Company From Liberty Partners
StoneCalibre, a private investment firm formed by a former Platinum Equity partner, acquired Source Technologies LLC, an on-demand printer of checks, money orders and other banking documents, from fellow private equity firm Liberty Partners. Berkery Noyes advised Source in the sale to StoneCalibre.
Liberty Partners Sells Source Technologies to StoneCalibre
California investment firm StoneCalibre said on Monday that it has acquired Source Technologies from Liberty Partners. Berkery Noyes acted as the financial advisor to Source Technologies for this transaction.
Healthcare IT Merger and Acquisition Activity: Expect More Deals, More Consolidation
In late May, the New York-based Berkery Noyes Investment Bankers released a white paper titled “An Overview of M&A in the Healthcare IT Sector.” Shortly after the release of the white paper on Berkery Noyes’ website, Tom O’Connor gave his first interview about the report to HCI Editor-in-Chief Mark Hagland.
Health IT Market on Track for Heavy Consolidation
The healthcare IT merger and acquisition space will go through heavy consolidation over the next five years, according to Tom O’Connor, managing director at New York-based Berkery Noyes.
LexisNexis Acquires Publishers Sheshunoff and A.S. Pratt
Investment bank Berkery Noyes & Co. LLC advised Thompson on the sale process.
LexisNexis Buys Sheshunoff, A.S. Pratt from Thompson Media Group
LexisNexis Legal & Professional announced today that, together with Reed Elsevier Properties, it has acquired the publishing brands and businesses of Sheshunoff and A.S. Pratt from Thompson Media Group. Berkery Noyes represented Thompson Media in the sale.
SaaS Deals Aplenty Despite Broader Industry M&A Decline
Mergers and acquisitions volume and deal value in the online and mobile industries fell for the first quarter compared with year-earlier results, but some subsectors bucked the trend, according to a report by investment bank Berkery Noyes & Co.
Despite Promise in Health Care and Finance, Software and Service M&A Drops Again
Although a down quarter overall, Berkery Noyes CIO James Berkery attributed cloud and as-a-service interest and adoption as making up for reductions in traditional business data software and services.
Big Software Acquisitions Still Missing in Action
The number of M&A transactions fell 7 percent to 336 acquisitions from 362 in the prior quarter, according to new data from Berkery Noyes Investment Bankers. Deal value dropped 53 percent to $7.4 billion from $15.8 billion in the fourth quarter of 2012.
M&A Media Deals Slow, Entertainment Acquisitions Are Standouts
The value of deals were down nearly 70% from the $25.6 billion in the the fourth quarter 2012, per investment banker Berkery Noyes. Marketing deals which continues to be the biggest category of the media and marketing sector, increased 8% in volume from the fourth quarter to around 120 deals.
Report: GRC Vendor Consolidation Continues
Consolidation among software vendors in the governance, risk, and compliance sector seems to happen in waves that arrive every few years, and the latest wave seems to be upon us right now. So says a report from Berkery Noyes, an investment banking firm.
What’s Driving the M&A Uptick?
M&A activity in the media and marketing industry increased last year, with deal volume up 3% to 1,611 transactions compared with 1,570 transactions in 2011, according to data released earlier this year by media investment bank Berkery, Noyes & Co.
11 Major Mergers in Payments Technology
Following the release of its full year 2012 financial technology report, Berkery Noyes contributed data to a slideshow in PaymentsSource, which highlights current merger and acquisition trends in the payments industry.
Digital Learning Fuels K-12 Market Trends
“I think in terms of the quality of the deals, most people would say it was a pretty good year,” said Managing Director Mary Jo Zandy, referring to the large amount of multimillion-dollar transactions in the educational sector in 2012. Last year had fewer blockbuster sales, but the steady continuation of acquisitions is a sign of a healthy market, Ms. Zandy said.
Pace of Information Buyouts Quickened Last Year
“Financial sponsors have had considerable capital on the sidelines,” said investment bank Berkery Noyes. “Specialty vintage private equity funds are approaching an inflection point and currently the macroeconomic environment is showing signs of improvement.”
The Year Ahead in Enterprise Software, Services M&A
Information-Management.com asked for a view of the year ahead in vendor consolidation and buyout from Berkery’s CIO Jim Berkery and Managing Director Mary Jo Zandy.
Financial Efficiency Drives Healthcare M&A Up 21%
A lot of the M&A activity is being fueled in part by hospitals acquiring physician practices, Managing Director Tom O’Connor told FierceHealthFinance. “The physicians have resisted (modernization), but now they have to be more efficient because it is getting too expensive to provide care in the old-fashioned way,” O’Connor said.
Healthcare IT M&A Deals Increased in 2012
Over the past year, mergers and acquisitions have increased considerably in the healthcare IT sector, with smaller deals yielding big returns on investment, according to report from New York-based investment bank Berkery Noyes released Jan. 11.
Healthcare IT Merger, Acquisition Deals See Upward Trend in 2012
“We are seeing [healthcare] technology sent to private equity groups, who are not healthcare centric per se, but who are pulling toward healthcare because healthcare is in desperate need of technology innovation and fresh ideas, and fresh capital,” Thomas O’Connor, managing director at Berkery Noyes, told Healthcare IT News.
Berkery Noyes: Health IT Dwarfs Entire Market in 2012 Transactions
Continuing a trend since 2010, health IT continues to outpace other health, medical, a pharmaceutical products and services by a significant margin, according to trend report published by Berkery Noyes.
Media, Marketing M&A Activity Up 3%
Merger and acquisition activity in the media and marketing industry increased 3% to 1,611 transactions last year compared with 1,570 in 2011, according to investment bank Berkery Noyes.
2012: M&A Deals Hit $76 Bil, Marketing Segment Leads Efforts
New York-based investment banker, Berkery Noyes, says total dollar volume climbed 17% to $76 billion last year. But the price for those deals — in terms of revenue multiples and the cash flow multiple — went lower.
Where Are All The Big Software Industry Acquisitions?
For the year, according to new data from Berkery Noyes Investment Bankers, the number of M&A transactions in the software sector rose just 1%, to 1,529 deals.There were only 10 deals in the sector with a value of more than $1 billion, and just four with a valuation of more than $2 billion. There were no deals in the $5 billion or above category.
Ragains Sells 25 Movie Theaters, Sets Sights on New Direction in Theater Business
“There was a lot of interest from potential buyers in the United States and overseas,” said Berkery Noyes.
Tech Trends All Center Around Compliance Side: Roundtable Part Two
In part two, Managing Director John Guzzo discusses the technological innovation occurring in the mortgage technology sector and the potential impact it might have on future M&A activity.
With Dealmakers, School is Still in Session
“Spending on training and perks to retain existing employees has become more important on the corporate level,” Berkery Noyes explains, adding that in the preschool through 12th grade, the sector is shifting from print to digital tools, improving teacher efficacy and interaction with students.
Most Impactful B-to-B Media Deals of 2012
A recent report by Berkery, Noyes & Co. LLC confirms that event deals are on the rise. The report highlighted an 85 percent increase in event transaction volume (37 deals) for the first half of 2012 compared to the first six months of 2011.
HealthcareSource Acquires NetLearning
NetLearning provides electronic training and competency management software for hospitals and other health-care companies. It has nearly one million active users, said Berkery Noyes, health care-focused investment banking firm that advised Independence, KY. based Cengage on the sale.
Berkery Noyes Named as a Finalist of the 11th Annual M&A Advisor Awards
Berkery Noyes was selected as a finalist in two categories: M&A Deal of the Year and Healthcare/Life Sciences Deal of the Year.
Investment Banker John Guzzo’s Takeaway From Mortgage Technology Conference
In a guest blog post for HousingWire, John Guzzo gives his take on some of the key highlights from the Source Media Mortgage Technology Conference.
Momentum for Exhibitor Mergers
Berkery Noyes, who repped Great Escape in the Regal deal, described interest by “leading exhibitors in leading countries” in Europe, South America and Asia.
Advanstar Global to Acquire ENK International
Advanstar Global LLC , an events and information services company, said it agreed to acquire fashion trade show organizer ENK International LLC.
MAGIC Marketplace’s Advanstar Global Acquires ENK International
Advanstar Global, parent company of the biennial MAGIC Marketplace fashion shows, has acquired ENK International, owner of 14 high-end trade show fashion brands, including ENKUSA, ENKVEGAS, Fashion Coterie, Intermezzo and Sole Commerce.
Advanstar Acquires New York Fashion Leader ENK International
The transaction announced November 16 will make ENK a separate division of Advanstar Global. ENK will have access to the new owners’ new digital “Shop the Floor” platform, which begins next year and will give users online access to sellers under the ENK and MAGIC brands.
GLM Acquires Events From Vertical Web Media
The publisher of Internet Retailer magazine, Vertical Web Media, has sold its e-commerce events unit to GLM, an events and association management firm run by b2b publishing veteran Charles McCurdy.
Vertical Web Media Sells Events Group to Providence-Backed GLM
George Little Management LLC, a trade show production company backed by Providence Equity Partners, said it acquired the events group of Virtual Web Media for an undisclosed amount.
GLM Acquires e-Commerce Event Organizer Vertical Web Media
GLM has acquired the conference business of Vertical Web Media (VWM) in a move that will establish GLM in the e-commerce sector, a growing area that holds particular appeal to GLM’s trade show customers.
George Little Management Buys Internet Retailer Conference & Exhibition
George Little Management continues to expand its events portfolio with the acquisition of the Internet Retailer Conference & Exhibition, an e-commerce event, and related assets from Vertical Web Media for undisclosed terms.
Echo360’s Acquiring of LectureTools Underscores M&A Trend
The reasons behind this land-grab of education assets has to do with companies’ attempts to provide a more comprehensive solution by combining content with digital tools, according to Berkery Noyes.
Healthcare M&A Dips in Q3 2012 But Is Not Cause For Panic
“Yes, the number of transactions fell slightly, but valuation levels for privately-held middle market companies continue to increase and 2012 is on pace for a record year in terms of both the number of deals and valuation,” said Berkery Noyes Managing Director Jon Krieger.
Recap and Discussion of E-Discovery M&A Activity
Berkery Noyes Managing Director Mary Jo Zandy, in a byline article for Sand Hill, outlines the factors impacting M&A activity in the e-Discovery space.”With overall legal firm technology spending still recovering from the economic downturn, 2012 is shaping up as a record year, continuing the strong rebound performance among e-discovery vendors in 2011,” said Zandy.
Berkery Noyes: Upturn Just Starting for Mortgage Sector
In a white paper from the firm, managing director John Guzzo wrote that rising home equity, lower excess vacant homes, and more flexible FHA refinance qualifications are all leading the originations sector to “the beginning of an upward cycle in terms of both volume and dollars.”
Accel-KKR Buys Venture-Backed Software Provider Accellos
So far this year, there have been some 34 deals involving supply chain management or fleet management software companies, compared to 25 in all of 2011, according to Berkery Noyes.
Software for Hospital, Labs Drives Health IT M&A in 2012
“The opportunity to integrate data and workflow is a key strategic driver in the provider environment, and supports higher quality care, patient safety and lower costs,” said Jeffrey Smith, Managing Director at Berkery Noyes.
Investment bank Berkery Noyes reports a year-to-date 19 percent increase in healthcare and pharma IT M&A activity compared to 2011.
Healthcare, Pharma M&A Activity Up 19 Percent Over 2011
“Legislative incentives continue to increase the velocity of deal flow in the healthcare IT M&A market,” said Jonathan Krieger, managing director at Berkery Noyes.
Planning Your Training Company’s Future
Berkery Noyes outlines the steps that business owners in the corporate and professional training sector can take to better position their company for a potential sale.
Preparing for Common Core, Firm Acquires School Improvement Companies
That’s why major deals in the education space are likely to focus on services, rather than the typical focus on technology, said Mary Jo Zandy, the managing director of Berkery Noyes, an investment-banking firm based that represented JBHM in the deal.
M&A Interested in Education Technology
Educational technology offerings have been increasingly attractive candidates for acquirers since 2010, and indications are that will continue through the second half of 2012.
M&A Activity Picks Up
“We have a very positive outlook going forward,” said Tom O’Connor, managing director at Berkery Noyes. “I think you’ll see more deals, but smaller deals. You have some b-to-b publishers in the $20 million range who may want to sell their business. They’ve done very well, but it may be time to sell; the market has moved.”
Francisco Partners Backs Therapeutic Research Center
Francisco Partners has invested in Therapeutic Research Center. Stockton, Calif.-based Therapeutic Research provides drug therapy recommendations, continuing education, training, and data to the healthcare community. Berkery, Noyes & Co. served as the financial advisor to Therapeutic Research.
Tapping the Payments Opportunity
Managing Director Peter Ognibene, in a byline article for Bank Systems & Technology, discusses how an integrated payments business provides banks with the best opportunity to compete.
PE Bullish on Drug, Health Deals
One surprise the report notes is that PE deals in the health and pharmaceuticals space were the greatest by volume of any sector for 2012’s first half.
Digging for Digital Gold
There were 38 deals for mobile ad-tech companies in 2011—more than triple 2009’s number, according to investment bank Berkery Noyes. The firm counted 21 acquisitions in the first half of 2012.
Private Equity, Professional Training Dominate 2012 Education Deals
K-12 technology leads all sectors of education in number of mergers and acquisitions so far this year, with private equity firms continuing to figure prominently in the new education landscape, according to a new report.
Healthcare Pharma, IT M&A Volume Up
“The complexity of healthcare and the explosion of information and new treatments makes it impossible to do medicine the old way via human memory so software and solutions step in to assist healthcare professionals in the practice of medicine,” said Tom O’Connor.
Thomson Reuters Sale Tops Health IT Deals in First Half of 2012
The number of Health IT companies that have changed hands or partnered up is on the rise, according to a new report from investment banking firm Berkery Noyes.
Health-Care IT M&A Gets A Shot in the Arm
Merger and acquisition activity in the health-care information technology sector has increased by 28% to 196 deals in the first half of 2012 compared with the second half of 2011, according to a report by midmarket investment bank Berkery Noyes.
Some Healthcare Execs Look for Increased M&A Activity After SCOTUS ruling
“The healthcare M&A markets have been very active recently and the velocity of deals will increase in the foreseeable future, particularly for those companies that provide technology enabled services to payers and providers,” said Jonathan Krieger, Managing Director at Berkery Noyes.
Deal Flow Rises for Web, Mobile Industry
According to a report by investment bank Berkery Noyes & Co., total transaction volume in the online and mobile space is up for the first half of the year with 970 deals through June 30, up from the year-earlier period, which notched 881 transactions.
SaaS, Customer Analytics Set Software M&A Pace
Software mergers and acquisitions are up over the first half of 2012 compared with that same time period last year, pulled along by multiple buys of SaaS and customer analytics vendors, according to investment banking advisory Berkery Noyes.
Printing Firm Acquires Mortgage Payment Coupon Provider
“Taylor’s corporate growth strategy is centered around customer communications in compliance-driven markets and that really aligns well with Venture Encoding’s offering,” said John Guzzo in an interview with Mortgage Technology.
Hanley and Wood Reunite Via CSP Information Group Acquisition
Redwood Investments bought CSP Information Group last week, a b-to-b media company that targets the convenience store and restaurant markets. The portfolio includes four magazines and associated newsletters, websites and events. The deal was brokered by Berkery Noyes, which represented Redwood.
Analytics, HCM Are Hot Buys
Customer analytics was an especially popular category for acquisitions in the first half of 2012. Another popular category, especially for cloud-based software acquisitions, was human capital management (HCM), with transactions up 39 percent from the first half of 2011.
Hellman King of Software Space as Deal Flow Increases
Within the software space, consumer software M&A deals was the fastest-growing segment from the year-earlier period, having grown by 29%, Berkery Noyes said. The report also suggested buyers may be paying slightly richer multiples for software businesses.
Software-Sector Deal Flow Increases in First Half
Total transaction volume in the software sector for the first half of 2012 beat both halves of last year, according to a new report by investment bank Berkery Noyes & Co.
Redwood Acquires B2B Media Company CSP Information Group
Redwood Acquisitions, a unit of investment firm Redwood Investments, has acquired CSP Information Group Inc., a business-to-business media company serving the convenience retail, restaurant and fast food sectors. Berkery Noyes & Co. sourced the deal and represented Redwood Acquisitions as investment banker in the transaction.
Big Data Technology: Buyer Beware
“The variety of risk profiling and stress testing that financial institutions will be subjected to requires more analytical capabilities,” says Peter Ognibene, Managing Director at Berkery Noyes.
Facebook’s Acquisition of Instagram Is All About Big Data
“What makes Instagram interesting is that the company itself wrote its own database to handle the massive influx of data it began to receive a few years ago,” according to Keith Lubell, CTO at Berkery Noyes.
NACCME to run health congress
More deals among private-equity backed regional CME players could be coming. “[It’s] a continuation of what we see as… the big multi-billion dollar companies divesting these assets that aren’t core and are hard to scale,” said Tom O’Connor of Berkery Noyes, who represented the seller on both transactions.
Steady Increase in Deals Likely
“There are several properties on the market right now, and I think you’ll see a pickup in deals over the balance of the year—not a huge spike, but a steady increase,” said Tom O’Connor, managing director at Berkery Noyes.
Innovation and Acquisitions
“Both sectors are 10 to 20 years behind the technology curve and are in major need of unique solutions due to cost pressure in the macro environment,” O’Connor says. “On the plus side, there is a huge amount of innovation by entrepreneurs in both these markets.”
Berkery Noyes’ John Guzzo Selected as 40 Under 40 Award Winner by The M&A Advisor
The M&A Advisor today announced the winners and finalists of the 3rd Annual 40 Under 40 M&A Advisor Recognition Awards. Managing Director John Guzzo was selected as a winner in the Eastern region.
Report: Media/Marketing M&A Up 7 Percent in Q1 2012
The first quarter of 2012 saw a seven percent gain in media and marketing M&A transaction volume from fourth quarter 2011, according to investment advisory firm Berkery Noyes. Transaction value also increased again in Q1 2012, up 38 percent from Q3 2011 and rising 10 percent from Q4 2011.
Servicing’s Pain Points
In a byline article featured in Mortgage Banking Magazine, Managing Director John Guzzo states that “Mortgage technology vendors and outsourcers offering solutions that provide better quality control, enhance fraud mitigation, facilitate borrower communication and improve regulatory compliance are in demand by investors and acquirers.”
Yowza: Tech Companies Spent $20 Billion Acquiring Software Firms Last Quarter
This must be a good sign for the economy. Last quarter, 375 software companies were acquired and their buyers spent a healthy $20 billion overall, 10 percent more than the year-ago quarter. So says Berkery Noyes in its quarterly M&A report.
Majority Recapitalization: Preparing for Fast Growth
Jon Krieger, managing director at investment bank Berkery Noyes, managed healthcare IT firm Healthx’s majority recapitalization, which the company undertook in preparation for the swift market growth it anticipates. He spoke recently with Healthcare Finance News Editor René Letourneau about the transaction and its implications for the mergers and acquisitions market.
PE Likes Healthcare IT
According to Jon Krieger, Managing Director at Berkery Noyes, “Private equity firms oversee $3T in global assets and due to the global economic challenges, 30% of that is sitting on the sidelines waiting to be invested
Cloud Infrastructure Providers Remain Hot Commodities
Companies specializing in cloud computing infrastructure technologies were attractive acquisition targets in 2011, according to a report from Berkery Noyes. “We saw twice the number of deals and three times the volume in terms of money spent, going from $4 billion in 2010 to $15 billion in 2011,” James Berkery, CIO of Berkery Noyes said.
Security, Mobile Companies Driving Payments M&A Activity
It’s a seller’s market for young and small companies that have cornered any technology related to security, mobile wallets or Near Field Communication technology, says Peter Ognibene, managing director at Berkery Noyes.
Mergers Seen on the Rise in the K-12 Marketplace
Many of 2011’s highest-profile transactions in K-12 involved content companies and technology companies. “The level of activity is higher than it ever has been before,” said Mary Jo Zandy, the managing director of Berkery Noyes, which both tracks and advises companies in merger and acquisition deals.
Healthcare IT and Pharma M&A Strongly Supported by Investment Firms in 2011
“We’re seeing a lot of interest from both strategic and private equity buyers looking to acquire private HIT companies to penetrate the healthcare market,” said Berkery Noyes managing director Jon Krieger.
Is Now a Good Time to Sell Your Marketing Company?
Berkery Noyes, in an article published in Chief Marketer, examines the factors that marketing service companies should consider before going to market.
Tech’s Lessons: NYC is Digital Hotbed in Push to Transform Education as we Know it
Investors also see a growing market in digital education companies. In 2011, deals in the ed-tech sphere totaled $10 billion, which was flat compared with the prior year, but up from $5.4 billion in 2009, according to figures just released by investment banking firm Berkery Noyes.
Impacted by the Rise of Digital, B-to-B Media M&A lags
Berkery Noyes explained how digital spending has constricted b-to-b media activity and discussed some areas where b-to-b media companies might be looking to buy in the future.
SaaS Has Sizzle in Digital Health Media M&A
“SaaS providers are constantly updating their systems to reflect knowledge learned from one customer and making it available for all customers,” said Berkery Noyes managing director Jon Krieger.
Frontier Capital Recaps Healthx As Liberty Partners Exits
Healthx’s selling points included its large customer base and the technology platform it built over 15 years, according to managing director Jon Krieger, who said that with expenditures in the health-care sector rising, health providers and insurers are always looking to reduce costs.
Acquisitions Increase in 2011, More Change in 2012
Valuations for the deals done for the large companies in growth markets in education are at record levels, Mary Jo Zandy, managing director at the investment bank Berkery Noyes.
Berkery Noyes Advised on Frontier-Healthx Deal
Investment bank Berkery Noyes said that it advised Healthx Inc. on its majority recapitalization by growth equity firm Frontier Capital. Terms of the deal were not released. Healthx is based in Indianapolis and provides healthcare information technology to insurers and physicians.
Big Money 2011 Led by HP Deal
Below is a list of the top 10 deals in terms of payout for 2011, which had bested the previous year’s transaction values by the third fiscal quarter, according to financial advisory Berkery Noyes.
Media/Marketing M&As Surge, Publicis Leads The Pack
Paris-based Publicis Groupe, the parent of Digitas, Starcom MediaVest Group and Zenith Optimedia Group, was the “most active acquirer by volume” between 2009 and 2011, according to a year-end media and marketing industry mergers and acquisitions report released late Wednesday by investment bank Berkery Noyes.
Behind WebMD’s PE courtship, a business model under pressure
And as there’s no reason to expect an improvement in conditions anytime soon, WebMD may be looking to make some big changes to its business model – changes that could rattle investors, says Tom O’Connor, managing director of media banker Berkery Noyes.
SFW Backs BLI in MBO
Mid-market private equity firm SFW Capital Partners has completed a majority investment in Buyers Laboratory, a provider of analytical testing and competitive intelligence services to the digital imaging and document management industry.
Debt Dealings: Chains Refinance Amidst Lower Interest Rates
According to Jon Krieger, managing director in healthcare investment banking for Berkery Noyes, corporate borrowers have learned to borrow when they can after extended periods of illiquidity. “The debt markets had essentially been closed for a long time,” Krieger said, “and with the economy improving, the ability to borrow has improved as well.”
Record Year Expected for Healthcare M&A
Tom O’Connor, managing director at New York City-based Berkery Noyes, says M&A activity is being driven in part by the regulatory environment.
MDU Communications Has Retained Berkery, Noyes & Co.
The Company continues negotiations with several companies that it deems significant strategic acquisition/merger prospects. To assist the Company in assessing its strategic plans, the Company has retained the investment advisory firm of Berkery, Noyes & Co.
VMware and Google on an Acquisition Frenzy in 2011
When including deals done by its subsidiary VMware, EMC announced a total of eight purchases this year, plus one transfer of assets and one deal that wasn’t announced but seemed to have happened anyway, according to Mary Jo Zandy, managing director at Berkery Noyes.
Report: Info Industry M&A Activity Up 17% In Q3
Merger and acquisition activity in the information sector (media, software and online companies) was up 17% quarter on quarter in Q3 2011, reaching 108 transactions, according to a new report from investment bank Berkery Noyes.
Activity Improves in Q3 in Mergers and Acquisitions
What is clear from all of the transactions on the EM Mergers and Acquisitions Index for the third quarter is that technology is central to almost all of them.
2011 M&A Transaction Values Already Top Last Year
In its Q3 trends report, Berkery Noyes noted the value of the 768 mergers and acquisitions at $39.4 billion, down slightly from that same quarter last year, …
Health IT M&A Activity Down in 2011, Value Up
Berkery Noyes, specializing in information content and technology industries research, attributed the sharp increase in transaction value to the Blackstone Group’s announced third quarter acquisition of Emdeon for $3.03 billion, the largest transaction thus far in 2011.
M&A Activity in E-Discovery: Back in the Highlight
The anticipation of and response to the actual Federal Rules of Civil Procedure revisions in 2006 entailed a tremendous growth opportunity for e-discovery companies and fostered a spate of deals.
M&A Activity up in 2011
According to Tom O’Connor, the fastest way to grow is to acquire the best small business out there. O’Connor also noted, “Volume is up, but price per deal is down because the real action is in smaller, privately-held companies.”
Ed Tech Market Is Growing, If You’re Disruptive
According to the a recent report by Berkery Noyes, “companies focused on technology-based instruction and tools for data collection and analysis are thriving in the K-12 market.”
Thomas O’Connor Sits Down with The Deal Pipeline
Smaller deals, less than $100m in enterprise value, will trump their larger counterparts in upcoming healthcare M&A, says Thomas O’Connor, managing director at Berkery Noyes, in this video interview with The Deal Pipeline.
Thanks to NYSE, Euronext, Financial Tech Deal Values Soar
At the mid-year point, the number of deals announced stands at 112, compared to 140 for the first six months of 2010 and 81 for the first six months of 2009, according to investment bank Berkery Noyes.
K-12 Technology, Data Firms Thrive, Study Says
Tools for data collection and analysis are thriving in the K-12 market, says a new report by Berkery Noyes, an independent investment bank.
Hearst Completes UK Portion of Lagerdere Acquisition
Hearst’s U.K. division, the National Magazine Company, is officially merged with Hachette Filipacchi UK Ltd. According to investment banking firm Berkery Noyes, this was one of the most valuable transactions of first half 2011.
Web Related Acquisitions Pick Up In The First Half Of 2011
The pace of merger and acquisition activity in the Internet and mobile industries accelerated in the first six months of 2011 compared with the same period a year ago, according to a report from investment banking firm Berkery Noyes.
Google Acquired 11 Companies in 2011, Microsoft Made Biggest Transaction
A study released by Berkery Noyes examines the acquisition and merger tendencies of the online and mobile industry. Beyond a continuing increase in activity for the industry on the whole, both Google and Microsoft have been especially active in the first half of 2011.
M&A Media Activity Up 14%, Publicis Leads Pack
Investment banking firm Berkery Noyes released data Wednesday showing M&A activity in the media and marketing sector increased 14% so far this year over the previous six months, while dollars spent soared 68%.
Media and marketing M&A continues resurgence
The number of transactions increased 14% to 644 in the first half of the year compared with the year-earlier period, according to a report from Berkery, Noyes & Co. called “Half Year Mergers and Acquisitions Trends Report for the Media & Marketing Industry.”
Extending Healthcare: HMP Communications’ Acquisition of Two Clinical Brands Boosts
HMP acquired the monthly publications for an undisclosed price from London-based United Business Media. Media investment bank Berkery Noyes advised UBM on the sale.
Beyond Synergy, a Market Trend Toward Consolidation Drove EBSCO-Wilson Deal
“A lot of shareholders had been former employees for a long time, so I think there was a desire to get them some liquidity,” said Tom O’Connor, the managing director of Berkery Noyes in New York.
M&A recovery a work in progress
In January, for instance, Berkery, Noyes & Co. reported the number of media and information deals increased to 687 last year, a 27% bounce from 2009. The value of those deals totaled $24.0 billion, a 35% plunge from the previous year, which saw several huge deals, such as Thomson Corp.’s $17.58 billion acquisition of Reuters Group.
M&A Roundup: LRP Publications; Naperville; MedTech
LRP Publications, which serves the legal, government and education markets, sold its Public Employment Group and Bankruptcy/Banking Products Group to Thomson Reuters. Berkery, Noyes & Co. handled the deal.