iCast has been acquired by Storytel
The private shareholders of iCast Ltd. have sold the company to Storytel Sweden AB.
iCast is a provider of audio content intended for playback through their website or for download to a mobile device and offline listening. iCast offers music, science, technology, sports, family and Judaism content, which is uploaded to its website and mobile apps from a number of different sources. iCast is a first mover and leader in the emerging Israeli audiobook market. Originally founded and launched as a podcast service in 2006, the firm initiated its deployment into the audiobook arena in 2010, entering into agreements with local publishers before launching Israel’s first audiobook service the following year.
Storytel was founded in 2005 by Jonas Tellander and Jon Hauksson. After the merger with Massolit Förlagsgrupp in 2015 the company was listed on the stock market (Aktietorget). Today the Storytel Group consists of two business areas, streaming and publishing. Streaming is a subscription-based service, offering audiobooks and e-books under the Storytel brand. The service is currently available in Sweden, Norway, Denmark, the Netherlands and Poland. The publishing business consists of the publishing houses Massolit and B. Wahlstrom.
Oaklins’ team in Israel acted as lead advisor to the seller and the management of iCast in the preparation of the sale process and due diligence and assisted them until closing.
Talk to the deal team
PartnerTel Aviv, Israel
Yuval Lipkin Shahak
AnalystTel Aviv, Israel
Vabi Holding B.V. has been acquired by Vitec Software Group AB
Vabi Holding B.V., the Dutch market leader in building simulation, energy certification and energy advisory software, has been acquired by Vitec Software Group AB. By joining forces, Vabi and Vitec will be able to further expand on the company’s strategy and vision towards the sustainable green building revolution.Learn more
Syslore Oy has been acquired by private equity-backed Escher Group
The shareholders of Syslore Oy have sold the company to Escher Group Holdings plc, a portfolio company of Hanover Investors Management LLP.Learn more
Ferocia has been acquired by Bendigo and Adelaide Bank (ASX:BEN)
Bendigo and Adelaide Bank (BEN) has entered into a share sale agreement to acquire 100% of the shares of Ferocia Pty Ltd for a consideration of up to US$86.3 million. BEN has partnered with Ferocia for more than nine years to deliver BEN’s e-banking app and internet banking platform and in 2018, the collaboration led to the launch of Up – Australia’s highest rating banking app.Learn more