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Announced

Completed

Aimia completed the acquisition of a 10% stake in Clear Media for $75m.

Financials

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Transaction Value£61m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Minority

Public

Acquisition

Completed

Friendly

Single Bidder

China

advertising

Media Agencies

Synopsis

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Aimia, which provides loyalty management services intended to attract and retain customers and stimulate demand for its partners' products, completed the acquisition of a 10% stake in Clear Media, an operator of bus shelter advertising panels, for $75m. "Aimia's investment in Clear Media represents an outstanding opportunity, diversifying our holdings and taking advantage of the Covid-19 related economic malaise in the US and China. Aimia now owns a large stake in a leader in the outdoor advertising market in China with more than a 20-year track record, strong growth and free cash flow generation, and 19 years as a public company, backed by a blue-chip consortium of investors and a highly skilled management team," Phil Mittleman, Aimia Interim CEO.

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