NEW YORK – May 29, 2026 – MidOcean Partners (“MidOcean” or the “Firm”), a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity, announced today the signing of the sale of Bora, Inc. and its subsidiaries (collectively, “Zonda” or the “Company”) to CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group”).
Zonda is the #1 data, marketplace, and software platform for the new home ecosystem. Zonda’s end-to-end platform spans land discovery, homebuilding, home discovery, and homebuying, and is delivered through three integrated offerings: subscription-based data and intelligence covering more than 500 housing metrics across North America; the leading new-home marketplace in the U.S. and Canada; and a full suite of software solutions for the virtual home evaluation experience, including visualization, customization, and tours. Customers rely on Zonda’s proprietary, AI-driven platform for mission-critical, daily decision making across the new home value chain.
MidOcean executed a focused value creation strategy that unified disparate industry assets into a comprehensive purpose-built platform for the new home market and significantly expanded the Company’s offerings across data, marketplaces, and software. During MidOcean’s ownership, Zonda completed nine strategic add-on acquisitions, broadened geographic coverage, invested heavily in proprietary and patented AI-driven data collection and workflow tools, and launched new products targeted to this $27 billion+ total addressable market. The Company more than doubled in scale, materially expanded margins, and achieved more than 50 consecutive quarters of year-over-year ARR growth – demonstrating a successful track record across all housing market conditions.
Sara Badham, Managing Director at MidOcean, commented, “With Zonda’s visionary management team, we set out to create the preeminent platform for data, insights and technology across the residential housing ecosystem. We continually invested behind that vision, in strategic acquisitions, technology, product and talent. Zonda is a trusted partner to its customers and a trusted source of intelligence across the market. We are incredibly proud of what we have built together with the Zonda team and we look forward to watching the Company’s continued success as part of CoStar Group.”
“MidOcean’s strategic insight, operational support, and capital partnership were instrumental in transforming Zonda into the platform it is today. We are excited to combine with the CoStar Group – a global leader in real estate information, analytics, and marketplaces – and look forward to continuing to deliver exceptional value to our customers as part of a larger platform with shared ambitions,” added Jeff Meyers, Founder and Chief Executive Officer of Zonda.
Houlihan Lokey Capital, Inc. served as lead financial advisor to MidOcean. Solomon Partners Securities, LLC. also served as a financial advisor to the Company. Gibson, Dunn & Crutcher LLP served as legal advisor to MidOcean.
About Zonda
Zonda is the #1 data, marketplace, and software platform purpose-built for the new home ecosystem. Leveraging more than 40 years of category leadership, Zonda serves more than 3,000 customers across the homebuilding lifecycle through proprietary data and intelligence, the leading new-home marketplaces in North America — NewHomeSource and Livabl — and integrated software solutions that power critical builder and industry workflows. Learn more at zondahome.com.
