LightBox Buys Real Capital Markets and Digital Map Products
Posted on 05/13/2019
LightBox is run by Eric Frank, a series executive in the financial data and technology space. Eric Frank was President of the investment and advisory division of Thomson Reuters. LightBox acquired Real Capital Markets (RCM), a global marketplace for commercial real estate; and Digital Map Products (DMP), a location intelligence and mapping platform. LightBox was formed in 2018 when private equity tech investment firms Silver Lake Partners and Battery Ventures acquired EDR, a provider of environmental due diligence information.
Digital Map Products was backed by Silversmith Capital Partners, a Boston-based growth equity firm.
RCM was represented by investment bank GCA. DMP was represented by Raymond James & Associates. The RCM transaction has already closed. DMP is expected to close in the coming weeks, subject to certain customary conditions.