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A Womble Bond Dickinson team led by D. Scott Anderson and Patrick Strubbe, with notable assistance from Mark Wiley, represented Frontier Growth in the sale of its portfolio company, STN Video, Inc., to Minute Media, Inc.
The multi-jurisdictional international transaction was executed in December 2023. The Womble team provided crucial counsel to Frontier during the negotiations with Minute Media.
As deal counsel to Frontier, Scott and Patrick collaborated with law firms across various international jurisdictions in addition to other U.S.-based tax and accounting firms.
This equity sale represents a noteworthy achievement for Frontier's Fund IV and is a testament to the dynamic and multinational nature of technological frontiers. The sale integrates STN Video within Minute Media’s overarching strategy to revolutionize the role of video in sports media, and propels the Israel-based Minute Media toward greater prominence in the sector. Frontier remains a continuing shareholder in the newly combined Minute Media enterprise.
“We are honored to have had the opportunity to partner with Matthew Watson and the STN Video team through what has been an exciting phase of the company’s growth. The combination of Minute Media and STN Video creates a scaled leader in the sports technology vertical and we want to congratulate both teams on this exciting strategy milestone,” Frontier Partner Tim Bechtold said.
“We are honored to have had the opportunity to partner with Matthew Watson and the STN Video team through what has been an exciting phase of the company’s growth. The combination of Minute Media and STN Video creates a scaled leader in the sports technology vertical and we want to congratulate both teams on this exciting strategy milestone.”
Tim Bechtold, Partner, Frontier Growth
About Frontier Growth
Frontier Growth is a Charlotte-based growth equity firm focused on investing in software companies. Founded in 1999, Frontier partners with management teams that can benefit from capital and expertise to accelerate growth, complete acquisitions and/or generate shareholder liquidity. Frontier was founded with an intentional culture to put People Before Numbers, because it’s people that lead to real growth. With over 20 years of experience, Frontier respects that each of their companies represents someone’s life’s work and helps them grow without stifling the innovation that’s made them successful. The firm invests in high-growth companies and has built an excellent track record of delivering returns to both investors and management partners.
