I Squared Capital has entered into a scheme implementation agreement with oOh!media, an out-of-home media infrastructure platform headquartered in Sydney, Australia, to acquire all of its issued shares.
As part of the transaction, oOh!media shareholders will receive A$1.70 ($1.20) in cash for each oOh!media share held, implying an equity value of approximately A$898 million ($634 million) and an enterprise value of approximately A$1.04 billion ($734 million).
oOh!media operates a diversified network of more than 30,000 digital and static assets across Australia and New Zealand, spanning roadside billboards, street furniture, rail and transit networks, airports, retail environments and other public spaces. Its scale, premium locations, breadth of formats, and extensive concession base underpin a significant market position.
“oOh!media represents the type of infrastructure platform we seek to invest in — a market-leading business with high-quality assets, long
