M&A roundup - week ending 11/27/15

Apple bought Faceshift; LexisNexis bought Lex Machina; Lightyear Capital purchased Pathlight Capital

Apple acquired Faceshift, a facial motion capture company. No financial terms of the deal weredisclosed.

Several Faceshift employees are already said to working for Apple in Europe, which makes sense sinceFaceshift is a Swiss company based in Zürich. 

Faceshift's technology is best known for being used in the current Star Wars films. No future plans forFaceshift were revealed.

Founded in 2011, the company had raised $700,000 in a convertible note in 2013. 

Quicket, a travel booking app developer, acquired the technology assets from the Berlin-based hotelbooking engine BookitNow! No financial details were disclosed.

The acquisition will enable Quicket’s users to save money on hotel bookings by using a search engine tolocate hotels in and around major airports. The new booking engine will highlight competitive rates fortravellers seeking accommodation during disruptive situations such as during flight cancellations or longdelays.

Founded in 2011, BookitNow! had raised $260,000 in seed funding. 

Pionet Group, an IT services and software development company, acquired Z-eyez, an Israeli droneservices company. No financial terms of the deal were disclosed, but it it said to be worth "several hundreds of thousands of shekels."

With a formal certificate of civilian UAV operating license from the Israeli Civil Aviation Authority, Z-eyez isone of the very few companies in Israel which is authorized to engage in the UAV industry.

Z-eyez was founded in 2011 by Ido Korin. There is no indication as to what will happen to the companygoing forward. 

Microsemi Corporation, a provider of semiconductor solutions, entered into a definitive agreement to acquire PMC-Sierra, a semiconductor and software solutions company, for $9.22 in cash and0.0771 of a share of Microsemi common stock for each share of PMC common stock through anexchange offer.

The transaction is valued at approximately $2.5 billion and represents a 77.4 percent percent premium tothe closing price of PMC's stock as of Sept. 30, 2015.

Microsemi intends to fund the transaction and repay its existing credit facility with existing cash, $2.7billion in new transaction debt and $0.6 billion in Microsemi common stock. Shareholders ofMicrosemi and PMC will own approximately 85 percent and 15 percent, respectively, of the combinedentity post completion of the transaction.

PMC-Sierra went public in 1991.

Computer Programs and Systems, a provider of healthcare information solutions to rural andcommunity hospitals, entered into a definitive agreement to acquire Healthland Holding and itsaffiliates, Healthland, American HealthTech, and Rycan Technologies. The contemplated totalaggregate consideration to be paid by CPSI is $250 million, payable approximately 65% in cash and35% in CPSI common stock.

Healthland provides electronic health records and clinical information management solutions to over 350hospital customers. American HealthTech is a provider of clinical and financial solutions in the post-acutecare space, serving over 3,300 skilled nursing facilities. Rycan offers SaaS-based revenue cyclemanagement workflow and automation software to over 290 hospital customers.

The combined company is projected to have annual revenues of approximately $300 million in 2015 andmore than 1,900 employees.

Clique Media Group, the company behind shoppable fashion site Who What Wear, acquired fashion search engine Wantering. No financial terms were disclosed.

The Wantering team will be joining Clique, with CEO Matt Friesen becoming vice president of researchand development. Using Wantering's technoloy, Clique will be adding a shopping section toeach of its three sites, and then launching a mobile commerce platform in 2016.

Founded in 2011, Wantering had raised $1.36 million in venture funding.

Lightyear Capital, a private equity firm specializing in financial services investing, completed its acquisition of a majority equity stake in Pathlight Capital, a commercial finance company dedicated to providing companies innovative financing solutions to support growth, acquisitions, refinancings, and restructurings. The terms of the transaction were not disclosed.

Going forward, Pathlight intends to use its expertise to tailor financing solutions for companies not just inthe consumer and retail sector, but for companies in other industry sectors as well.  Founder and Chief Executive Officer of Pathlight, Daniel Platt, will remain a minority owner and continue in his role going forward.

Founded in 2012, Pathlight has focused on providing secured asset-based loans primarily to companies in the consumer and retail sector. 

Financial Gravity Holdings acquired tax-planning software and training company Tax Coach Software. No financial terms of the deal were disclosed.

The purchase will further enable Financial Gravity to bring tax-saving strategies and solutions to its wide-ranging clientele of business owners and high net worth individuals throughout the country.'

By purchasing the company, Financial Gravity opens new and broader opportunities that will enable the company to leverage Tax Coach's expertise and reputation within the tax and accounting community. 

LexisNexis, a provider of computer-assisted legal research, acquired Lex Machina, the creator of Legal Analytics, a technology platform that transforms how law firms and companies excel in the business and practice of law. Terms of the transaction were not disclosed.

Lex Machina will operate as a stand-alone entity within the North American Research Solutions group within LexisNexis Legal & Professional.

Founded in 200, Lex Machina had raised $10.02 million from investors that included AME Cloud Ventures, Ulu Ventures and XSeed Capital.

BankSmarts Solutions, a banking focused analytics solutions provider, acquired NumberMall, an app-based all-in-one payments platform for small merchants. No financial terms of the deal were disclosed. 

Founded in 2012, NumberMall’s annual turnover is around Rs 120 crore, with business growing 10 percent month-on-month. It has serviced more than 30 million customers on its platform through 16,000 touch points.

NumberMall had raised $10 million in venture funding from SRI Capital.

(Image source: hospitalbusinessnews.com)