From a corporate finance perspective, we analyse the venture capital divestments carried out in June 2018. In this case, we will analyse the operations corresponding to companies such as: Ticketea, Social Point, Prexton Therapeutics and some others.
From a corporate finance perspective, we analyse the venture capital divestments carried out in June 2018. In this case, we will analyse the operations corresponding to companies such as: Ticketea, Social Point, Prexton Therapeutics and some others.
Venture capital divestments
We take a look at venture capital divestments in June 2018:
Firstly, Ticketea is a Spanish company dedicated to the management of a digital platform that promotes company events and sells tickets for them. Its investors/shareholders opted to sell their stakes, especially Seaya Ventures who owned a large percentage of the shares. 100% of the shares were sold to Eventbrite, an online platform for event management and ticket sales. The deal closed with a value of approximately €17M.
También, la empresa canadiense dedicada a la provisión de soluciones específicas de digital media, AcuityAds, ha acordado la adquisición del 100% de los derechos de la empresa española Adman Media, por un valor de 12M€. Entre los principales vendedores se encuentra la firma de venture capital Inveready Capital. Adman Media, con sede en Barcelona e suna empresa dedicada al desarrollo de una plataforma SSP para formatos de outstream video.
Another operation took place in the pharmaceutical sector, LundbeckDenmark-based multinational pharmaceutical company Lundbeck has agreed to acquire 100% from Prexton Therapeutics (a research-based drug discovery company specialising in Parkinson's) owned by Ysios Capital, M Ventures, Forbion, Seroba and Sunstone Capital. The deal was completed for a final value of €905 million and will give Lundbeck global rights to the Parkinson's treatment.
On the other hand, Siemens Venture Capital, Caixa Capital Risc, Axis, Gilde Healthcare, Kurma Partners, Idinvest Partners, Boehringer Ingelheim have decided to sell their stakes in the developer of a diagnostic platform for hospitals that reduces the time to detect infections and resistance to certain antibiotics in patients, Stat -Dx. The buyer is a German company that provides technological solutions in the area of molecular medicine, called Qjagen. The transaction has been closed for a total of €154 million.
Similarly, Take-Two Interactive Software is a video game development company, which has acquired 100% from the Spanish company Social Point, a Barcelona-based company whose activity is also based on the development of online video games. The deal was closed for a total of €233M + a payment of €24.4M in cash and shares. The main sellers were Nauta Capital, Greylock Partners, Idinvest, Highland Capital and BBVA and the three founding partners.
Also, the British company specialising in home care, HomeServehas acquired the 70% from Habitissimo, a Spanish company based in Mallorca, dedicated to the development of a website that offers a directory of professionals and companies for home renovations, where the user can directly request quotes. The main sellers have been Cabiedes & Partners, some Business Angels and the Founders. The transaction was closed for a total of €43M.
Por último, Michelin, empresa francesa dedicada a la fabricación de neumáticos, ha adquirido la empresa española Restaurantes.com, empresa dedicada al desarrollo de una plataforma de gestión de reservas online de restaurantes, por un importe que no se ha hecho público. Entre los vendedores, además de los socios fundadores, se encuentran Seaya Ventures, Active Venture Partners, Atresmedia y algunos Bussines Angels. La adquisición permite a Michelin consolida su posición como grupo europeo de reserva de mesas online en restaurantes, expandiendo su oferta a España, un mercado de alto potencial.
