01 November 2012
Sydney, 1 November 2012: Clayton Utz has advised oOh!media and CHAMP Private Equity on their successful acquisition of EYE Corp from Ten Network Holdings, which successfully closed today.
Clayton Utz has been advising Outdoor Media (owner of oOh!media) and CHAMP Private Equity since the commencement of negotiations with Ten Network earlier this year, with the deal initially announced in July and most recently restructured to reach a successful close.
oOh!media is Australia's fastest growing out-of-home listed media company with assets throughout metropolitan and regional Australia. EYE Corp also specialises in outdoor advertising.
Clayton Utz TMT practice head, Kate Jordan, said the firm was pleased to have supported oOh!media and CHAMP Private Equity on the deal.
"It is satisfying to see our clients achieve a successful commercial outcome with the addition of EYE Corp to CHAMP Private Equity's portfolio. We're delighted to have been their firm of choice to advise on the transaction, reflecting Clayton Utz's leading capabilities in M&A, private equity and media."
Clayton Utz advised CHAMP on the formation and successful fundraising for the CHAMP III Funds and on the acquisition of oOh!media earlier this year.