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Announced

Atairos Group to acquire a 62.1% stake in Ocean Outdoor for $360m.

Financials

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Transaction Value£287m
Consideration TypeCash
Capital Owned38%
Capital Bid For62%
EV/Sales-
EV/EBITDA-
Share Price Premium21.9%
One Off Charge-

Tags

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Media Agencies

Single Bidder

Friendly

Virgin Islands (British)

Public

Cross Border

advertising services

Majority

Private Equity

Pending

Acquisition

Synopsis

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Atairos Group, a private equity firm, agreed to acquire a 62.1% stake in Ocean Outdoor, an advertising firm, for $360m. "Ocean is a proven UK and Northern European market leader in the attractive Digital Out of Home advertising industry. The company's unique footprint of premium and super-premium sites positions it well to continue to innovate and lead as the industry recovers in a post pandemic world. We have long admired Ocean's experienced management team, talented people and attractive portfolio. We are excited to bring our knowledge and experience as a long-term supportive investor to further strengthen Ocean's differentiated platform and help accelerate its next phase of growth," Melissa Bethell, Atairos Partner.

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