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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Strategic Buyers:
AdVantage Networks Buys Travora Media

Travor is a travel and lifestyle media company, backed by StarVest Partners, Rho Capital Partners and Village Ventures

JMG Exploration Inc. (OTCBB: JMGE), soon to be renamed MediaShift Inc., has acquired New York-based Travora Media Inc., a travel and lifestyle media company.

Terms of the deal were not released.

JMG facilitated the transaction through its subsidiary AdVantage Networks, a digital advertising technology provider. The sale of Travora marks the exit of several investment firms, including StarVest Partners, Rho Capital Partners and Village Ventures.

Travora, founded in 2004, raised some $30 million in funding. It represents roughly 300 travel publishing sites, such as Fodor’s, Viator, and Vayama. It generated $11 million in revenue in 2011. By merging with AdVantage, the service hopes to expand and improve user experience by assisting in travelers' trip planning and flight booking.

Tavora is believed to have been up for sale since December.

Petsky Prunier, led by Seth Rosenfield and Michael Petsky, served as exclusive financial adviser to Travora. The sale is the second transaction Petsky Prunier has advised the company in 2013. In January, Petsky Prunier advised Travora on its sale of 10Best.com, a provider of online travel guide for top destinations around the world, to USA Today, owned by Gannett Co. (NYSE: GCI).

 

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