Kirkland & Ellis is advising funds advised by Searchlight Capital on the sale of Ocean Outdoor to Ocelot Partners Limited, a publicly listed acquisition company. The transaction will give Ocean Outdoor, an operator of premium digital out-of-home advertising that operates the UK’s most prominent outdoor advertising locations, including Landsec’s Piccadilly Lights, BFI’s London’s IMAX, Westfield’s Holland Park Roundabout and the Birmingham Media Eyes, amongst others, an enterprise value of £200 million. The acquisition agreement was announced on March 1, 2018. Further information is available here.
The Kirkland team was led by London corporate partner Gavin Gordon and associates Andrew Gray, Nick-Raj Birdi and Amelia Rolfe.