Clayton Utz has acted as legal adviser to Outdoor Media Operations on its proposed acquisition of EYE Corp from Ten Network Holdings.
The transaction values EYE Corp at up to $A145 million.
Outdoor Media Operations is majority owned by funds managed and advised by CHAMP Private Equity.
Mergers and acquisitions partners John Elliott and Mark Williamson and finance partner Geoff Geha lead the Clayton Utz team.
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.