Constellation Software and Lumine Group reach agreement to acquire WideOrbit

Acquisitions

▤ Summary

Constellation also announced this week that a preliminary prospectus has been filed in all provinces and territories within Canada in connection with the proposed distribution of the shares of Lumine Group Inc., which is expected to be spun out of Constellation and will operate as a separate publicly traded company. Under the proposed transaction structure, Constellation will remain the majority owner of Lumine Group, and Constellation current shareholders will receive, pro rata and by way of a dividend-in-kind, nominal value subordinate voting shares of Lumine Group. “Today’s news marks the next step in Lumine Group’s journey towards building the world’s leading network of communications & media software companies,” said David Nyland, chief executive officer (CEO) of Lumine Group. WideOrbit will accelerate Lumine Group’s expansion into the media space, bringing a wealth of domain knowledge, an experienced leadership team, and a customer ecosystem we look forward to continue serving.” The purchase of WideOrbit will be financed with funding from Constellation and a banking partner. “Our partnership with Lumine will build on our 23-year legacy and contribute to a stronger future for the company, our employees, and our valued clients.

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Advertising Technology Broadcast Management Software SaaS

▦ Linked Companies

WideOrbit
$50M to $100M