Argentum Leads $7 Million Growth Equity Investment In Mediant Communications LLC
NEW YORK, January 7, 2014-- Argentum Capital Partners III, L.P., a recently formed private growth equity fund ("ACP III"), has led a $7 million growth equity investment in Mediant Communications LLC, based in New York City ("Mediant"). First Analysis, Argentum's long-term partner, participated in the investment together with certain of ACP III's Limited Partners and Mediant's existing shareholders. Walter H. Barandiaran, an Argentum Managing Partner, will join Mediant's board of directors.
Mediant is a technology-enabled, outsourced provider of regulated shareholder communications services to banks, brokerage firms, corporate issuers and investment companies. Its powerful and flexible technology platform enables Mediant to process and distribute electronic and printed material to equity, bond and mutual fund investors, as well as manage its clients' annual proxy processes, shareholder voting and vote tabulation.
The investment will support the continued rapid growth of Mediant's business.
"Argentum is pleased to have partnered with Arthur Rosenzweig and his outstanding management team, and I look forward to working with the Board and having the opportunity to contribute to Mediant's continued rapid growth and success," said Walter Barandiaran. "Mediant's powerful technology platform has positioned the Company as a clear alternative for brokers and issuers," Mr. Barandiaran added.
Mediant President Arthur Rosenzweig said, "In Argentum and First Analysis, we've found established, respected partners whose participation goes well beyond providing growth capital. Drawing on their expertise and networks, they've already introduced us to other potential partners and prospects."
Argentum is a New York-based private equity firm that provides growth capital to rapidly growing service companies at the smaller end of the middle market. We pursue a buy-and-build strategy for businesses that can be scaled into much larger enterprises through a combination of organic growth and a targeted acquisition strategy. Argentum has a successful track record of building industry-leading companies in business, technology-enabled, health-care, and industrial/environmental services. Since 1990, Argentum has invested in over 70 companies and supported over 150 acquisitions made by its portfolio companies. For more information, please visit www.argentumgroup.com
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's Issuer Services Division, launched in 2006, processes millions of ballots for hundreds of issuers and employee plans. In 2007, Mediant was among the first to provide Notice-and-Access services and continues to set the industry standard for Notice-and-Access delivery. Mediant began providing shareholder communication services to brokers in 2008 with a turn-key proxy, prospectus and corporate action solution. All of Mediant's services are custom designed and offer interactive tools to enhance communications between issuers, brokers and investors. Mediant is headquartered in New York City with facilities in New Jersey and North Carolina and field offices in Chicago and St. Louis. For more information, please visit www.mediantonline.com
Venture Capital Database
Venture Capital Deals Spreadsheet