Brightcove Acquired by Bending Spoons for $233 Million
Deal News | Feb 04, 2025 | Finance Community IT - 1 Corporate M&A
Italian technology company Bending Spoons has successfully completed its acquisition of U.S.-based streaming technology firm Brightcove for approximately $233 million, equating to a price of $4.45 per share. The transaction was an all-cash deal that was announced in November 2024. Brightcove, a pioneer in the streaming industry and a leading Software-as-a-Service (SaaS) provider, will operate under Bending Spoons as a private entity, with its shares no longer publicly traded. The acquisition was unanimously approved by Brightcove's board of directors and shareholders. Bending Spoons’ CEO, Luca Ferrari, expressed enthusiasm about integrating Brightcove into their portfolio and plans to leverage its technologies to enhance customer engagement. Brightcove's CEO, Marc DeBevoise, highlighted the strategic advantage and future growth potential within Bending Spoons. The transaction saw Lazard as the financial advisor and Goodwin Procter LLP as the legal advisor for Brightcove, while Latham & Watkins provided legal advisory to Bending Spoons, with EY Advisory handling financial due diligence.
Sectors
- Technology
- Media & Entertainment
- Financial Advisory
Geography
- Italy – Bending Spoons, the acquiring company, is based in Italy.
- United States – Brightcove, the company being acquired, is based in the United States.
Industry
- Technology – The article centers on the acquisition of Brightcove, a company in the technology sector specializing in streaming solutions.
- Media & Entertainment – Brightcove's focus on streaming technology and video engagement solutions places this transaction within the media and entertainment sector.
- Financial Advisory – The involvement of firms like Lazard and EY Advisory indicates significant advisory roles in the financial aspects of the acquisition.
Financials
- 233 million USD – Total purchase price for the acquisition of Brightcove by Bending Spoons.
- 4.45 USD per share – Price per share paid by Bending Spoons to acquire Brightcove.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bending Spoons | Acquiring Company | Company | An Italian technology company that has acquired Brightcove. |
| Brightcove | Target Company | Company | A U.S.-based streaming technology firm that was acquired by Bending Spoons. |
| Lazard | Financial Advisor to Brightcove | Company | Provided financial advisory services to Brightcove. |
| Goodwin Procter LLP | Legal Advisor to Brightcove | Company | Provided legal advisory services to Brightcove. |
| Latham & Watkins | Legal Advisor to Bending Spoons | Company | Provided legal advisory services to Bending Spoons. |
| EY Advisory | Financial Due Diligence | Company | Conducted financial and tax due diligence for the transaction. |
| JP Morgan | M&A Advisor | Company | Acted as an M&A advisor in the transaction. |
| Wells Fargo | M&A Advisor | Company | Acted as an M&A advisor in the transaction. |
| Luca Ferrari | CEO of Bending Spoons | Person | Expressed enthusiasm about the acquisition and integrating Brightcove. |
| Marc DeBevoise | CEO and Director of Brightcove | Person | Spoke positively about the acquisition and future growth potential. |