M&A Deal Summary

Viacom Acquires Harmonix Music Systems

On September 22, 2006, Viacom, Inc. acquired digital media company Harmonix Music Systems, Inc. from Massachusetts Capital Resources Company for 175M USD

Acquisition Highlights
  • This is Viacom’s 1st transaction in the Digital Media sector.
  • This is Viacom’s 7th largest (disclosed) transaction.
  • This is Viacom’s 11th transaction in the United States.
  • This is Viacom’s 2nd transaction in Massachusetts.
Investment Fate
  • Harmonix Music Systems was divested to a financial buyer in 2010.

M&A Deal Summary

Date 2006-09-22
Target Harmonix Music Systems, Inc.
Sector Digital Media
Buyer(s) Viacom, Inc.
Sellers(s) Massachusetts Capital Resources Company
Deal Type Add-on Acquisition
Deal Value 175M USD

Target

Harmonix Music Systems, Inc.

Cambridge, Massachusetts, United States
website
Harmonix Music Systems, Inc. is a developer of groundbreaking music-oriented videogames. Harmonix has developed Guitar Hero I and Guitar Hero II games, Karaoke Revolution Party, Amplitude, Frequency, Eyetoy and the Rock Band franchise. Harmonix Music Systems was formed in 1995 and is based in Cambridge, Massachusetts.

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Buyer(S) 1

Buyer

Viacom, Inc.

New York, New York, United States

website


Category Company
Founded 2005
SectorMedia
Employees10,400
Revenue 12.9B USD (2018)
DESCRIPTION

Viacom, Inc. is a global media company which is home to a variety of entertainment brands that connect with audiences through compelling content across television, motion picture, online and mobile platforms in over 160 countries and territories. Viacom was founded in 2005 and is based in New York, New York.


DEAL STATS #
Overall 11 of 17
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 9 of 12
State (Massachusetts) 2 of 2
Country (United States) 11 of 15
Year (2006) 4 of 4
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-09 Atom Entertainment, Inc.

San Francisco, California, United States

Atom Entertainment, Inc. a Website that presents thousands of short films from independent and novice directors.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-23 Harmonix Music Systems, Inc.

Cambridge, Massachusetts, United States

Harmonix Music Systems, Inc. is a developer of groundbreaking music-oriented videogames. Harmonix has developed Guitar Hero I and Guitar Hero II games, Karaoke Revolution Party, Amplitude, Frequency, Eyetoy and the Rock Band franchise. Harmonix Music Systems was formed in 1995 and is based in Cambridge, Massachusetts.

Sell -

Seller(S) 1

SELLER

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 8
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Massachusetts) 1 of 7
Country (United States) 1 of 8
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-20 Blue Fang Games LLC

Waltham, Massachusetts, United States

Blue Fang Games is an independent game developer dedicated to creating compelling emotionally engaging games focused on the animal kingdom that set the benchmark for broad-based family entertainment. Blue Fang’s Zoo Tycoon franchise has sold over seven million units worldwide and boasts an award-winning legacy including recognition from the Academy of Interactive Arts and Sciences, Children’s Software and New Media Revue, Scholastic Parent & Child, and Parent’s Choice. Blue Fang Games was formed in 1998 and is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-26 MagneMotion, Inc.

Devens, Massachusetts, United States

MagneMotion, Inc. is a manufacturer of a broad range of industrial applications including automotive and general assembly, packaging and material handling machines.

Buy -