M&A Deal Summary

ZMC Acquires Resonate

On July 27, 2022, private equity firm ZMC acquired internet software and services company Resonate from Argentum Capital Partners and Revolution

Acquisition Highlights
  • This is ZMC’s 1st transaction in the Internet Software and Services sector.
  • This is ZMC’s 17th transaction in the United States.
  • This is ZMC’s 1st transaction in Virginia.

M&A Deal Summary

Date 2022-07-27
Target Resonate
Sector Internet Software and Services
Buyer(s) ZMC
Sellers(s) Argentum Capital Partners
Revolution
Deal Type Secondary Buyout
Advisor(s) Pagemill Partners (Financial)
Cooley (Legal)

Target

Resonate

Reston, Virginia, United States
Resonate is a SaaS-based provider of real-time consumer insights, data, and media activation and offers the single source of in-depth proprietary profiles on 200M+ US adult consumers. Resonate was founded in 2008 and is based in Reston, Virginia.

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Buyer(S) 1

Buyer
DESCRIPTION

Zelnick Media Capital (ZMC) is a private equity firm focused on the media and communications sectors. ZMC looks to partner with management teams when pursuing transactions and will consider a variety of transaction situations, including growth-oriented investments and companies in need of operational improvement. Zelnick Media Capital was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 18 of 21
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 4 of 6
State (Virginia) 1 of 1
Country (United States) 17 of 20
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 ENA

Nashville, Tennessee, United States

ENA is an education and telecommunications industry as a managed network and communication services provider ENA delivers future-ready connectivity, communication, cloud, and security solutions to education, library, healthcare, and government organizations nationwide. ENA was founded in 1996 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Dolly Parton’s Stampede

Pigeon Forge, Tennessee, United States

Dolly Parton’s Stampede is a live dinner attraction and family entertainment operator with six total locations across three highly visited family-oriented destinations (Pigeon Forge, TN; Branson, MO; and Myrtle Beach, SC). The company runs over 3,500 shows and services more than two million customers a year. Dolly Parton’s Stampede was founded in 1988 and is based in Pigeon Forge, Tennessee.

Buy -

Seller(S) 2

SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 40 of 45
Sector (Internet Software and Services) 6 of 7
Type (Secondary Buyout) 6 of 7
State (Virginia) 2 of 2
Country (United States) 38 of 43
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 Insellerate

Newport Beach, California, United States

Insellerate is a marketing and sales engagement platform for the mortgage industry, that helps lenders close more loans through better borrower engagement. The company delivers dynamic technology, strategy, and content for every channel to ensure engagement throughout the borrower's journey. Insellerate integrates with the software powering lenders’ business today and into the future. It is a highly scalable, configurable, and modern platform that accelerates sales and generates repeat business. SOC 2 and SSAE 18 certified. Insellerate was formed in 2012 and is based in Newport Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Mediant

New York, New York, United States

Mediant is a provider of regulated shareholder communications services to banks, brokerage firms, corporate issuers, and investment companies. With services ranging from customized proxy services to distribution of prospectuses, regulatory reports, and Notice-and-Access communications, Mediant's pioneering use of technology has helped its clients save money, improve their relationships with shareholders and safeguard regulatory compliance. Mediant was founded in 2002 and is based in New York City.

Sell -
DESCRIPTION

Revolution Growth is the growth capital investment arm of Revolution, an investment firm that also pursues seed and venture opportunities. Revolution Growth looks to invest $25 to $50 million in US-based companies looking for a partner to help them scale and expand. Revolution Growth is based in Washington DC.


DEAL STATS #
Overall 6 of 8
Sector (Internet Software and Services) 3 of 3
Type (Secondary Buyout) 1 of 1
State (Virginia) 3 of 3
Country (United States) 6 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 Meati

Boulder, Colorado, United States

Meati Foods, the creator of Eat Meati a juicy, delicious alternative whole-food proteins made from mushroom root. Meati was founded in 2017 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-06 Scopely

Culver City, California, United States

Scopely is a free-to-play interactive entertainment network. With a network of more than 125 million users, Scopely has built the central monetization and distribution platform to publish genre-defining hit games for casual and core gamers. Scopely was formed in 2011 and is based in Culver City, California.

Sell $4.9B