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New Deal


Announced

Completed

HT&E completed the acquisition of Grant Broadcasters for $225m.

Financials

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Transaction Value£167m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales3x
EV/EBITDA8.7x
Share Price Premium-
One Off Charge-

Tags

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Friendly

Majority

Australia

Acquisition

Radio and TV Broadcasters

Domestic

radio network

Private

Single Bidder

Completed

Synopsis

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HT&E, an Australian media company, completed the acquisition of Grant Broadcasters, an Australian regional radio network, for $225m. "We are delighted to be announcing this transaction today with Grant Broadcasters – a broadcasting business of the highest quality and a fantastic, family-owned Australian success story that Janet Cameron and her family should be incredibly proud of. The station brands they have created have served their local communities with great commitment for decades, playing a pivotal role in the lives of their audiences, and we look forward to continuing that tradition," Hamish McLennan HT&E Chairman.

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