Quadrant Private Equity has made its move for out-of-home advertising business QMS Media with a $420 million deal to take the business off the Australian sharemarket after four years as a public company.
QMS founder and chief executive Barclay Nettlefold told The Australian Financial Review that the deal with Quadrant will give his business the capital and support it needs to execute on its local outdoor advertising business and its plans to push its digital QMS Sports business globally.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
