Buyout (LBO, MBO, MBI) • Media

ZMC Acquires Second City

On February 18, 2021, private equity firm ZMC acquired media company Second City

Acquisition Context
  • This is ZMC’s 6th transaction in the Media sector.
  • This is ZMC’s 15th transaction in the United States.
  • This is ZMC’s 1st transaction in Illinois.

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M&A Deal Summary

Date February 18, 2021
Target Second City
Sector Media
Buyer(s) ZMC
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
Mayer Brown (Legal)

Target Company

Second City

Chicago, Illinois, United States
Second City is a premier comedy brand, focused on entertaining, inspiring, and transforming through courageous comedy. Second City was founded in 1959 and is based in Chicago, Illinois.
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Buyer Overview 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 Context for Buyer #
Overall 16 of 21
Sector: Media 6 of 6
Type: Buyout (LBO, MBO, MBI) 3 of 4
State: Illinois 1 of 2
Country: United States 15 of 20
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Simeio

Alpharetta, Georgia, United States

Simeio is a provider of IAM solutions to enterprises, delivering its unique Identity-as-a-Service solution through its proprietary Identity Orchestrator technology platform and its global, multi-site Identity Intelligence Center. Simeio is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 CommentSold

Huntsville, Alabama, United States

CommentSold is a provider of multi-channel social commerce technology and managed services to boutique online retailers. The Company provides a variety of commerce enablement services including order intake, payment, fulfillment, live selling tools, and analytics which is delivered through a proprietary SaaS platform, allowing customers to sell on social platforms and mobile apps. CommentSold was founded in 2017 and is based in Huntsville, Alabama.

Sell -