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New Deal


Announced

Bastion to acquire an 80% stake in Shine.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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advertising agency

New Zealand

Friendly

Acquisition

Media Agencies

Pending

Majority

Single Bidder

Domestic

Private

Synopsis

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Bastion, an integrated, full-service marketing and communications agency , agreed to acquire an 80% stake in Shine, a firm engaged in the advertising, branding, digital, graphic design and marketing communications. Financial terms were not disclosed. “We’ve been looking for a partner that can help us scale our business more quickly than we can alone. Bastion gives us that opportunity to not only access global markets in Australia and the US, but also to bring new capabilities into the New Zealand market. We’re really excited about the opportunities this presents on both levels," Simon Curran, Shine Co-Founder and CEO.

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