Details of the merger of QMS NZ with MediaWorks
QMS will merge its NZ out-of-home, digital media and production businesses into MediaWorks and in return will receive a 40% shareholding in the expanded MediaWorks business. Funds managed by Oaktree Capital Management, L.P (Oaktree) will retain a majority 60% shareholding. The merger implies a blended EV/EBITDA multiple of 10x forecast CY18 EBITDA (pre-synergies) for the QMS NZ businesses. […]
Mon, Dec 17, 2018 at 7:19 AM