New Zealand, Hobbit
Mergers & Acquisitions

New Zealand daily deals site GrabOne has been sold to the company behind Click Frenzy for NZ$17.5 million

- August 24, 2021 2 MIN READ

One of New Zealand’s largest ecommerce and daily deals websites, GrabOne, is being sold to Global Marketplace, the Australian company behind Click Frenzy, for NZ$17.5 million (A$16.8m). Melbourne-based Global Marketplace (GMP) also owns Click Central and e-commerce analytics firm Power Retail and is reportedly gearing up for an IPO in 2022. The company is majority… Read more »

Sam Johnston
Mergers & Acquisitions

Singapore venture studio Acumino acquires Melbourne startup Speakeasy 

- August 22, 2021 2 MIN READ

Acumino, a recently launched Singapore venture studio focused on emerging technologies and disruptive innovation, has acquired the intellectual property assets of Melbourne-based startup Speakeasy. Speakeasy launched a social video streaming platform to deliver interactive live events to large-scale global audiences, launching in March last year just as the Covid pandemic hit.  The Software-as-a-Service (SaaS) venture… Read more »

Dominic Pym
Mergers & Acquisitions

Bendigo & Adelaide Bank is acquiring Dominic Pym’s fintech, Ferocia, for $116 million

- August 16, 2021 2 MIN READ

ASX-listed Bendigo and Adelaide Bank will pay up to $116 million for Ferocia, the Melbourne fintech co-founded by Dominic Pym and Grant Thomas. Ferocia has been behind Bendigo e-banking app and internet banking platform for nine years and three years ago, Bendigo partnered with Pym and Ferocia to launch the neobank Up. The 100% acquisition… Read more »

Afterpay
Mergers & Acquisitions

Why Jack Dorsey’s Square wants to pay record $39 billion for Afterpay

- August 4, 2021 3 MIN READ

The A$39 billion (US$29 billion) that Twitter founder Jack Dorsey’s digital payments company Square is paying to acquire Australian upstart payments outfit Afterpay is the biggest takeover deal in Australian corporate history. It surpasses the A$32 billion European commercial real estate giant Unibail-Rodamco agreed to pay for Frank Lowy’s Westfield Corporation in 2017. The deal… Read more »

Afterpay, Nick Molnar, Anthony Eisen
Mergers & Acquisitions

Square is buying Afterpay for $39 billion

- August 2, 2021 3 MIN READ

Jack Dorsey’s payments platform Square is buying ASX-listed Australian fintech Afterpay Ltd (ASX: APT) in a deal worth US$29 billion (A$39bn). Anthony Eisen and Mick Molnar, co-founders of the buy now, pay later (BNPL) platform will join Square when the deal goes through early in 2022. They will help lead Afterpay’s respective merchant and consumer… Read more »

Mergers & Acquisitions

US tech giant Pluralsight completes $2 billion acquisition of A Cloud Guru

- July 9, 2021 2 MIN READ

US technology workforce development company Pluralsight has closed its acquisition deal for online learning startup A Cloud Guru. The $2 billion deal for the London-based startup, which began life in 2015 in a Melbourne bedroom as the vision of brothers Sam and Ryan Kroonenburg, is one of Australia’s biggest M&A tech deals. Sam, the company’s CEO,… Read more »

OT100 South Australia, beer, distillers
Mergers & Acquisitions

ASX-listed drinks distributor Mighty Craft fills its glass with South Australian distillers and brewers for $47 million

- June 11, 2021 3 MIN READ

Melbourne-based drinks business Mighty Craft has announced plans to buy South Australian producers Adelaide Hills Distillery, Mismatch Brewing and Hills Cider in a deal worth $47 million. The agreement also includes 75 % ownership of the popular LOT.100 venue, which is a destination distillery, cellar door, restaurant and function centre on an 84-hectare property near… Read more »

SMS message, woman,
Mergers & Acquisitions

SMS marketing tech venture MessageMedia sells to Swedish rival for $1.7 billion

- June 11, 2021 2 MIN READ

Melbourne customer engagement marketing company MessageMedia is being acquired by Swedish rival Sinch for US$1.3 billion (A$1.7bn). The deal is made up of US$1.1bn in cash and 1.126 million new shares in Sinch. MessageMedia offers mobile messaging solutions for SMEs in the US, Australia, New Zealand, and Europe, serving more than 60,000 customers and sending… Read more »

Mergers & Acquisitions

Atlassian acquires ThinkTilt, the Brisbane startup behind Jira form builder Proforma

- April 20, 2021 < 1 MIN READ

Australian tech giant Atlassian has opened its wallet to acquire ThinkTilt, the Brisbane startup behind the ProForma, a no-code/low-code form builder for Jira, for an undisclosed sum. The six-year-old venture has more than 700 companies as customers and helps them build the forms to manage workflows In a post announcing the acquisition, Atlassian’s head of… Read more »