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QMS Media buys New Zealand company

QMS Media buys New Zealand company


A boutique and a mid-sized firm have assisted with the sale of media company iSite Limited.

Firms: Hive Legal (QMS Media); Gilbert and Tobin (Baillieu Holst); and New Zealand firm Chapman Tripp (Infratil Limited)

Deal: QMS Media purchased New Zealand outdoor media company, iSite Limited, from Infratil Limited.

Value: Undisclosed

Area: M&A

Key players: Hive Legal’s team included principals Peter Monk (pictured) and Simon Davidson.

Deal significance:

ASX-listed QMS Media acquired iSite Limited as part of its “fast moving strategic growth agenda”, according to a release from Hive Legal.

Hive Legal also advised on QMS Media’s fully-underwritten 1 for 5 pro-rata accelerated non-renounceable entitlement offer, raising $50.3 million towards funding the iSite purchase.

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