Advised TX Group on acquisition of Clear Channel Switzerland
TX Group and its daughter company Goldbach Group to acquire Clear Channel Switzerland.
Goldbach Group is already active in the Out-of-Home (OOH) advertising business through its majority stake in Neo Advertising (52.3 percent). The acquisition of Clear Channel Switzerland will expand the Out-of-Home business into a substantial cornerstone in terms of sales and earnings. An agreement has been reached with the minority shareholders of Neo Advertising to merge the company with Clear Channel Switzerland and to buy out their shares at a later date.
The expansion of the Out-of-Home business follows TX Group's strategy. On a historical basis, the combined sales volume of Neo Advertising and Clear Channel Switzerland reaches over CHF 100 million. The purchase price amounts to CHF 86 million (enterprise value without cash or liabilities). The transaction is subject to clearance by the Swiss Competition Commission.
TCFG (IMAP Switzerland) acted as Financial Advisor to TX Group.
Nos encanta saber de usted. Nuestro equipo está siempre a su disposición.
FORMULARIO DE CONTACTO
Gracias por su interés en IMAP. Por favor, utilice el siguiente formulario para contarnos más sobre su situación actual y nos aseguraremos de que el profesional adecuado se ponga en contacto con usted lo antes posible.
