APN Outdoor Group Limited’s $1.6 Billion merger with oOh!media Limited

Gilbert + Tobin is advising APN Outdoor Group Limited on its multi-billion dollar merger of equals with oOh!media Limited.

The merger brings together two significant players in out-of-home and digital advertising in the Australian advertising market, creating an organisation with a pro forma market capitalisation of approximately $1.6 billion.

The transaction will be implemented via an all-scrip scheme of arrangement, with APN Outdoor shareholders holding 55% of the merged group and oOh!media shareholders holding the remaining 45%.

Gilbert + Tobin is advising APN Outdoor on all aspects of the transaction, including transactional and competition advice. The scheme is anticipated to be implemented in April 2017. Peter Cook (Picture) and Rachael Bassil led the team from Corporate together with Gina Cass-Gottlieb in Competition. Lawyers assisting were Alastair Corrigall, Olivia Blakiston and Madeleine Brett-Williams (Corporate Advisory) and Jennifer Barron (Competition + Regulation).

Involved fees earner: Peter Cook – Gilbert + Tobin; Rachael Bassil – Gilbert + Tobin; Alastair Corrigall – Gilbert + Tobin; Olivia Blakiston – Gilbert + Tobin; Madeleine Brett-Williams – Gilbert + Tobin; Gina Cass-Gottlieb – Gilbert + Tobin; Jennifer Barron – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: APN Outdoor Group Ltd;


Author: Michael Patrini