Ahaka Capital, David Baazov backed Mundo files for IPO

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Read the updated news >> Mundo pulls $30M IPO

Mundo Inc., dba MUNDOmedia, has filed for a proposed initial public offering (IPO) of common shares. The pricing of the offering has yet to be determined.

The offering is led by Canaccord Genuity Corp. and Cormark Securities Inc. as co-lead underwriters and joint bookrunners. Gowling WLG (Canada) LLP and Norton Rose Fulbright Canada LLP are acting as legal counsel tom Mundo and the underwriters respectively.

Richmond Hill, Ontario based Mundo is a global, online, performance-based advertising technology company.

On July 26, 2016, Mundo completed a management buyout with acquisition of Voom Media Corp. On October 13, 2016, Mundo acquired 36 Group, LLC, along with its subsidiaries consisting of Active Signal Marketing, LLC, Find Click Engage, LLC, 36 Labs, LLC, and Fli Digital, Inc.

As of June 2, 2017, Mundo has 19,446,617 common shares issued and outstanding.

Mansfield International Trade Ltd. and Jason Theofilos, CEO of Mundo, are the two largest shareholders, controlling, directly or indirectly, 29.6% and 27.5% of the outstanding pre-IPO shares.

Jakub Malczewski, Managing Director of Ahaka Capital LP, is the sole shareholder of Mansfield’s voting common shares. Ahaka Capital LP is the beneficial owner of Mansfield’s non-voting common shares. David Baazov, founder of Amaya, is the Chairman of Ahaka Capital LP.

In January 2017, Mundo entered into a reverse take-over (RTO) transaction with Harmony Merger Corp. (NASDAQ: HRMN), a blank check company, in a transaction would have valued to the company at $165 million. The agreement was terminated by Mundo on February 23, 2017.

photo credit: Mundo

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.