iSelect raises A$215m in its ASX IPO at 24.5*CY13 NPAT, but drops 15.7% on Day 1

25th June 2013. Health Insurance online comparison website iSelect (ASX:ISU) listed on the Australian Stock Exchange yesterday, in a A$215m IPO, but dropped 15.7% by the close of day 1. The stock’s fall, from $1.85 per share to a close of $1.56, took place against a wider share market fall of 1.47%. The company raised […]

Woolworths Limited acquires a non-controlling 50% interest in Sydney customer data analytics firm Quantium for A$20m

1st May 2013. After 12 months of negotiations, Australian supermarket giant Woolworths Limited (ASX:WOW) has acquired a 50% non-controlling stake in Sydney-based customer data analytics firm Quantium, for an estimated A$20m, with Quantium also gaining access to Woolworth’s de-identified customer data and providing insights to the retailer’s suppliers. The deal is a further development of the […]

Grays Online acquires online retailer for scale and to reach A$350m in sales

30th April 2013. Grays Australia has acquired the retail website from Johannesburg, South Africa-listed Nu-World Holdings (JSE:NWU) and also and its current and former staff. Terms have not been disclosed. The scale of the company will allow Grays to continue to offer the best value to Australian and New Zealand customers. By adding A$50m […]

SingTel / Optus Acquires Restaurant Review Website Eatability for A$6m

27th July 2012. Invoking many puns (including “swallows”), Singapore Telecommunications Limited (ASX:SGT) has announced that its Australian subsidiary Optus Mobile Pty Limited has entered into a conditional agreement to acquire 100% of the share capital of Eatability Pty Limited, a company incorporated in Australia, for an aggregate cash consideration of A$6 million. Eatability was launched […]

APN Acquires 82% Shopping Club brandsExclusive for up to A$66m, 7-8*CY13E EBITDA

21st June 2012. Australian/New Zealand Media firm APN News & Media (ASX, NZX: APN) today announced it has acquired a 82% stake in brandsExclusive for an up-front investment of $36m. An additional payment of up to $30m is contingent on achieving earnings targets for 2013. Taking into account the additional payment, the total investment will […]

Ozsale Acquires Flash Sale Shopping Club BuyInvite

4th June 2012. Member-only online shopping club has announced the acquisition of flash sale competitor, on undisclosed terms as it prepares for the next stage of growth across South East Asia. OzSale, now the APAC Sale Group, received A$14.5m from US investment firm Insight Ventures in August 2010 and acquired .  Insight Venture Partners is […]

Investor Netus Announces Management Buyout of News Ltd’s 50%

25th May 2012. Australian technology investor netus has announced that management has bought their joint venture partner, NEWS Ltd out of their 50% netus shareholding. Whilst the amount has not been disclosed, newspaper reports estimate it to be A$22.5m. Moving forwards, netus will be wholly owned by the management team. In March Daniel Petre, then […]

iProperty sells Indonesia cars portal to Catcha Group for A$3m

14th May 2012. iProperty Group (ASX: IPP) the owner of Asia’s No. 1 network of property portal sites under the iProperty brand (, today announced that it had agreed to the sale of its Indonesia cars portal ‘’ to iCar Asia Pte Ltd, a wholly owned subsidiary of iCar Asia Ltd and part of the […]

iProperty Group Acquires vproperty in Macau for US$300k

8th May 2012. iProperty Group Ltd (ASX:IPP), owner of Asia’s No. 1 network of property portal sites under the iProperty brand (, announced that it had agreed to acquire, the clear leader in the Macau for USD300Kin cash. The acquisition extends the reach of the Group in the region with the Macau based portal […]

Energy One Acquires Energy Bidding Company HARD Software

3rd May 2012. Energy One (ASX:EOL) has announced that it has acquired the assets, business and existing customers of energy bidding software company HARD Software Pty Ltd, including the Web Offer System (WOS) software and intellectual property. The WOS system is Australia’s leading energy bidding software platform, enabling the bidding of multi-billion dollar electricity transactions […]

Apple buys Chomp for est. US$50m from Aussie Entrepreneurs

25th Feb 2012. Technology blog TechCrunch and Bloomberg have reported that Apple (NASDAQ:AAPL) has announced the acquisition of San Francisco-based Chomp, which helps users sort through the widening array of software applications for mobile devices, for an estimated US$50 million. Apple has confirmed the acquisition but not the price saying “we buy smaller technology companies […]

James Packer’s Ellerston Capital Invests A$5m into Freight Aggregator Temando

14th Feb 2012. Brisbane-based Freight aggregator Temando, has secured a A$5m investment from James Packer’s investment fund, Ellerston Capital. Terms have not been disclosed. Temando is forecast to be profitable this year and the fund injection from Ellerston will give it additional capital to expand. “The recent investment by Ellerston Capital in Temando gives us […]

FlexiGroup Acquires Paymates Assets in Australia, NZ and Asia for est A$5m

6 Dec 2011. Leasing and payments group FlexiGroup (ASX:FXL) has announced an agreement with ACT Merchant Services to acquire the business of Paymate Pty Limited (“Paymate”). Under the agreement, FlexiGroup will acquire the assets of the Australian, New Zealand and Asian business for an undisclosed sum that will be funded from existing cash reserves and […]

Walmart Acquires Wollongong-based Mobile POS Receipt Startup Grabble

11th Nov 2011. Walmart Labs, the e-commerce arm of the American retail giant, has acquired Wollongong-based startup point-of-sale development company Grabble. Terms for the acquisition have not been disclosed. Grabble was started in a garage in Wollongong, Australia by Stuart Argue 29, and Anthony Marcar, 27. Since then they have gained the backing of bootstrap […]

Starfish invests A$3m in Graphic Design Marketplace DesignCrowd

3rd Nov 2011. Sydney-based graphic design crowdsourcing marketplace DesignCrowd has received a A$3M investment from leading Australian venture capital firm Starfish Ventures. is an online marketplace that helps businesses around the world outsource or “crowdsource” creative projects. It was founded in 2007 by Alec Lynch at the age of 23 from his “mother‟s dining […]

e-Pay Asia To Go To Euronet after Tobikiri Capital Fails to Match A$12m Bid

6th Sept 2011. e-Pay Asia (ASX:EPY) has received a fourth (and likely final) buyout offer, from Euronet Worldwide for A$12 million, topping the most recent bid received from rival Tobikiri Capital. Tobikiri Pacital is a company controlled by Mr Simon Loh, Executive Chairman and Chief Executive Officer of e-Pay. In May 2010, e-Pay Asia called […]

Photon Sells UK Division Retail Insight to US Firm Retail Solutions for $US 11m

5th Sept 2011. Photon Group Limited (ASX:PGA) today announced the sale of a UK business unit, Retail Insight Limited, which provides point-of-sale data services to UK suppliers. The unit was sold to Retail Solutions Inc, a US venture capital backed retail software company for total consideration of US$11 million. The proceeds from the asset sale […]

BigCommerce Closes US$15m Series A Investment from General Catalyst Partners

1st Aug 2011. Sydney-based BigCommerce, the fastest growing e-commerce platform in the world with almost 20,000 clients, today announced the closing of a US$15 Million Series A investment from General Catalyst Partners. In addition, Larry Bohn, managing director at General Catalyst, has joined the BigCommerce board. The funds will be used to rapidly expand the […]

Pollenizer Secures A$5.3m Investment for Dealised; Singtel Innov8 and Yuuwa Invest

5th July 2011. Sydney technology incubator Pollenizer has announced that one of its businesses, Dealised, has received A$5.3m From Singtel Innov8 and Yuuwa for its Dealised group buying platform. Dealised was brought to prominence when Spreets, a group buying business it is based on, was acquired by Yahoo!7 for A$40m in January 2011. Dealised, a […]

News Limited To Acquire Parenting Website Kidspot for est A$45m, 15*2011 EBITDA

27th June 2011. The chairman and chief executive of News Limited, John Hartigan, today announced that the company has agreed to acquire Australia and New Zealand’s leading online parenting destination Kidspot and related companies. Whilst terms for the deal were not disclosed, widespread newspaper reports put the deal at A$45m or 15*2011 EBITDA. The deal […]

Centrebet accepts A$183m takeover offer from UK’s Sportingbet, at 13.2 times forecast FY11 EBITDA

30th May, 2011. Centrebet International Limited (ASX:CIL) has announced that it has entered into a Scheme Implementation Agreement with London-listed Sportingbet plc and Sbet Australia Pty Limited, a wholly-owned subsidiary of Sportingbet, under which it is proposed that Bidder will acquire all of the outstanding ordinary shares and performance rights in Centrebet under two separate […]

iSelect To Acquire Selection Business Infochoice For A$33.5m

16th May 2011. Infochoice (ASX:ICH) has announced that Australian comparison website company iSelect has moved to acquire Infochoice, BidMyLoan and OnceLife for A$33.5m through the acquisition of its 98.4% shareholder, Once Pty Ltd, a company associated with Singapore-based property developer YanLord. The deal is at a 70 per cent premium to the Infochoice market price, […]

Paymate Acquires US Payments Firm ACT Merchant Services

16 May 2011. Silicon valley based “Australian” payments innovator Paymate has acquired Massachusetts-based ACT Merchant Services, adding mobile payment services to allow merchants to accept payment via smart phones and other mobile devices. Terms have not been disclosed. In addition, Paymate will add

Groupon Australia Acquires Crowdmass

9th May 2011. Stardeals, the recently formed Australian subsidiary of coupon giant Groupon, has acquired Crowdmass, a group buying site based in Melbourne, making this its first local acquisition. Terms have not been disclosed, although press speculation has put the deal at below A$1m. Groupon’s Australian CEO was described saying they paid only a “symbolic” […]

Accel Partners Leads $35m Investment in 99designs to Drive Global Expansion

28th April 2011. Melbourne and San Francisco- based 99designs, the largest online marketplace for crowdsourced graphic design services, announced a $35 million first-round investment led by Accel Partners, with participation from angel investors Michael Dearing (eBay, Harrison Metal), Dave Goldberg (Survey Monkey), Stewart Butterfield (Flickr, Tiny Speck), and Anthony Casalena (Squarespace). Andrew Braccia and Ryan […]

HomeAway Inc. acquires Australia’s vacation rental brand of REA Group Ltd

10th April 2011. Austin, Texas-based HomeAway, Inc., the worldwide leader in online vacation rentals, has acquired, the Australian vacation rental brand of REA Group Limited. The acquisition of, which features 21,000 listings not only broadens HomeAway’s reach into the Australian market, but also marks its expansion from North America, South America and Europe […]

Packers Ellerston Capital Acquires Minority Stake in for est A$10m

5th April 2011. Billionaire and casino operator James Packer has stepped into the online retailing space through an investment in DealsDirect, which brands itself as an online department store, says that the stake taken by Ellerston Capital, owned by the Packer family’s Consolidate Press Holdings, was a “minority cornerstone investment”. The transaction, estimated by […]

Spectrum Equity Investors Acquires 10.2% of iSelect for A$30.16 million

10th March 2011. In a deal that values iSelect at A$300m, US private equity firm Spectrum Equity Investors has acquired 10.2% of existing iSelect shares for A$30.16m. In 2010 iSelect had revenue of A$43 million and EBITDA of $9.3 million, pricing the investment at an effective 6.97 times sales and 32 times 2010 EBITDA. Whilst […]