Kalray Completes Sale of Pixit Media and Arcastream to DataCore
Deal News | Feb 17, 2025 | PDT Solicitors
Cripps successfully advised Kalray, a French-listed company, on the divestiture of its UK-based businesses Pixit Media and Arcastream to the US-based DataCore in a substantial cross-border technology deal. Pixit Media and Arcastream specialize in unified data management solutions, which are extensively utilized in the media and entertainment sectors globally. DataCore, a leader in software-defined storage, continues its strategic expansion with this acquisition, which aligns with Kalray's focus on its core business areas. The transaction required complex coordination across French, US, and UK jurisdictions and was executed smoothly by the Cripps team, led by partners John Kirkwood and others, drawing on their extensive cross-border M&A expertise.
Sectors
- Technology and Software
- Media and Entertainment
- Corporate Finance and Legal Advisory
Geography
- United Kingdom – Pixit Media and Arcastream are UK-based companies that were part of the acquisition deal.
- United States – DataCore, the acquiring company, is headquartered in the US, making it a significant geography for this transaction.
- France – Kalray, the selling company, is a French-listed corporation, adding a cross-border element to the transaction.
Industry
- Technology and Software – The article discusses DataCore's acquisition of Kalray's subsidiaries that specialize in data management solutions, highlighting the technological and software focus of the transaction.
- Media and Entertainment – Pixit Media and Arcastream provide solutions extensively used in the media and entertainment industries, emphasizing their relevance to this sector.
- Corporate Finance and Legal Advisory – Cripps's involvement as legal advisors signifies the importance of corporate finance and legal advisory services in facilitating international M&A transactions.
Financials
- Multi-million-pound – The deal value for the acquisition of Pixit Media and Arcastream by DataCore.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kalray | Selling Company | Company | A French-listed company focusing on intelligent data processing and storage solutions. |
| Pixit Media | Target Company | Company | A UK-based company specializing in unified data management solutions. |
| Arcastream | Target Company | Company | A UK-based company focusing on data management solutions for media and entertainment industries. |
| DataCore | Bidding Company | Company | A US-headquartered company providing software-defined storage and data management solutions. |
| Cripps | Legal Advisor | Company | A legal firm providing advisory services for cross-border technology transactions. |
| John Kirkwood | Lead Partner | Person | Partner at Cripps, leading the legal team for this transaction. |
| Denis Scherrer | CFO | Person | Chief Financial Officer at Kalray. |
| Eric Baissus | CEO | Person | Chief Executive Officer at Kalray. |