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New Deal


Announced

Hakuhodo to acquire Growww Media for $60m.

Financials

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Transaction Value£46m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Taiwan

Media Agencies

Pending

advertising agency

Majority

Single Bidder

Public

Synopsis

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Hakuhodo, a Japanese advertising and public relations company, agreed to acquire Growww Media, a major Taiwanese ad agency, for $60m. Hakuhodo DY wants to combine its marketing solutions with Growww Media’s strong customer base in Taiwan to lead the local market. The company also hopes the move will allow Hakuhodo DY to make Taiwan, where the ad agency offers marketing support for Japanese companies, the base for its business expansion in the Asian region.

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