M&A Deal Summary

Verve Group Acquires Jun Group

On June 18, 2024, Verve Group acquired marketing company Jun Group from Advantage Solutions for 185M USD

Acquisition Highlights
  • This is Verve Group’s 1st transaction in the Marketing sector.
  • This is Verve Group’s largest (disclosed) transaction.
  • This is Verve Group’s 2nd transaction in the United States.
  • This is Verve Group’s 1st transaction in New York.

M&A Deal Summary

Date 2024-06-18
Target Jun Group
Sector Marketing
Buyer(s) Verve Group
Sellers(s) Advantage Solutions
Deal Type Divestiture
Deal Value 185M USD

Target

Jun Group

New York, New York, United States
Jun Group is a mobile video and branded content advertising platform, providing social-media video advertising services. Jun Group was founded in 2005 and is based in New York City.

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Buyer(S) 1

Buyer

Verve Group

Carlsbad, California, United States

Category Company
Founded 2005
Sector Internet Software and Services
DESCRIPTION

Verve Group, Inc. is a global brand performance ad platform connecting brands and publishers to people in real time. Its in-app data platform provides a brand-safe and transparent programmatic and managed-service solution by overlaying location-contextual audiences onto premium enriched global and local supply for brand performance campaigns. Verve Group was founded in 2005 and is based in Carlsbad, California.


DEAL STATS #
Overall 2 of 2
Sector (Marketing) 1 of 1
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Nexstar - Digital Video Ad Platform

Foothill Ranch, California, United States

Nexstar's Digital Video Ad Platform is an independent video advertising infrastructure company provides enterprise digital video advertising technology infrastructure for publishers and advertisers on all screens reaching approximately 115 million US online video viewers across desktop, mobile-web, mobile-app and connected TVs.

Buy -

Seller(S) 1

SELLER

Advantage Solutions

Clayton, Missouri, United States

Category Company
Founded 1987
Sector Marketing
Employees20,000
Revenue 4.2B USD (2023)
DESCRIPTION

Advantage Solutions is a business solutions provider committed to driving growth for consumer goods manufacturers and retailers through winning insights and execution. Advantage’s data and technology-enabled omnichannel solutions including sales, retail merchandising, business intelligence, digital commerce, and a full suite of marketing services are designed to help brands and retailers across a broad range of channels drive consumer demand, increase sales and achieve operating efficiencies. Headquartered in Irvine, California, Advantage has offices throughout the United States and Canada and a presence in select markets throughout Africa, Asia, Australia and Europe. Advantage Solutions was founded in 1987 and is based in Clayton, Missouri.


DEAL STATS #
Overall 5 of 5
Sector (Marketing) 2 of 2
Type (Divestiture) 5 of 5
State (New York) 1 of 1
Country (United States) 5 of 5
Year (2024) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Strong

Chicago, Illinois, United States

Strong is a provider of artificial intelligence, machine learning, and data science services for leading brands in consumer goods and retail, automotive, hospitality, marketing, and advertising, pharmaceuticals, technology, and other industries. Strong was founded in 2016 and is based in Chicago, Illinois.

Sell -