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Media company eyes Ten business

Media company eyes Ten business

Outdoor Media Operations has proposed an acquisition of EYE Corp from Ten Network Holdings.

Firms: Clayton Utz, PWC (Outdoor Media Operations), Gilbert + Tobin (Ten Network)

Deal:  Outdoor Media Operations proposed acquisition of EYE Corp from Ten Network Holdings.

Area: M&A

Value: The transaction values EYE Corp at up to $145 million and was announced to the market on 20 July

Key players: The Clayton Utz team was led by M&A partners John Elliott and Mark Williamson (pictured) and finance partner Geoff Geha. Grant Samuel from PWC also advised 

Deal significance: Outdoor Media Operations is majority owned by funds managed and advised by CHAMP Private Equity. Pursuant to the deal, Outdoor Media Operations will acquire EYE Corp's Australian and New Zealand businesses, as well as its operations in Indonesia. The transaction supports Outdoor Media Operations' growth strategy and the increasing demand for out-of-home advertising solutions, as well as complementing its acquisition of oOh!media earlier in the year. Mark Williamson said Clayton Utz was pleased to be continuing to support Outdoor Media Operations and CHAMP Private Equity in expanding its portfolio.

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