Private equity firm Walsh Doherty Capital, based in Ireland and part of the SebDo Global Investment Group, has acquired equity in Texas-based social media start-up Shout For It.
Round-up of today’s M&A deals
Private equity firm Walsh Doherty Capital, based in Ireland and part of the SebDo Global Investment Group, has acquired equity in Texas-based social media start-up Shout For It.
Shout For It is a start-up social media company with a tech community based target following.
It is currently in development and due for launch on the web and as a Smartphone app in late 2011. According to a statment it is expected to bring a new perspective to the current fashionable sector of social media based companies.
Founder Alexandre Gladieux comments: ‘I wanted a place were like minded geeks and visionaries, like myself, could meet, chat and network without having to listen to all the non techy stuff on other social media sites. I want to create a global community for us guys.
‘To do that, we’ve needed to design and create something new and special. With the seed investment we have confirmed today we can now do that, move to market more quickly, more efficiently and with all the bells and whistles I always wanted. It’s going to be awesome and all my friends around the world are going to want to Shout For It just like me!’
Round-up of today’s M&A deals
- Bain Capital has purchased Australian business software developer MYOB
Value: Initial forecasts of A$1 billion (£0.63 billion)
Advisers: UBS, Morgan Stanley
- Zynga has acquired mobile games start-up Astro Ape
Value: undisclosed
Advisers: undisclosed
- Engeneering services provider Costain has acquired Warwickshire industrial support services firm Promanex
Value: £16.4 million
Advisers: undisclosed
- Private equity firm Carlyle Group has acquired French digital set-top box maker Sagemcom from the Gores Group
Value: undisclosed
Advisers: undisclosed
- Skype has acquired GroupMe, a business which provides mobile group messaging services
Value: undisclosed
Advisers: undisclosed
