Announced
Completed
Financials
Sources
Tags
Majority
online advertising
Cross Border
Completed
Private Equity
Single Bidder
Media Agencies
Acquisition
Italy
Private
Friendly
Synopsis
Orascom-backed Libero Acquisition to acquire a 27.5% stake in Italiaonline, a provider of online advertising and communication services, from GoldenTree Asset, an employee-owned, global asset management firm, and Avenue Capital, an American multinational investment firm. Financial terms were not disclosed. "With the full entry of the Sawiris family, a new era of expansion and growth awaits us; we will continue to provide our customers with the best solutions for their digital business. This is a fundamental step to expand Italiaonline's digital footprint," Roberto Giacchi, Italiaonline CEO.
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