Mon, 15 Nov 2021 | BUSINESS SALE
The board and management of outdoor media firm Ocean Outdoor has announced that the company may be put up for sale. Making the announcement in a trading update this morning, the company stated that the board and management consider it to be “undervalued”.
The company says that it has emerged from the pandemic “in a position of strength with net cash on its balance sheet”, adding that it is “well positioned to benefit from the significant recovery in OOH (Out of Home) advertising that is under way”.
Ocean Outdoor listed on the UK stockmarket in January 2019, with its market value rising about 10 per cent to approximately £352 million since then. The company says that this is an undervaluation, citing “technical trading challenges” which it says are “unrelated to Ocean’s strong business fundamentals and intrinsic value”.
The company’s value has not increased as much as expected since its stock market listing, especially given its numerous acquisitions since 2019. Ocean Outdoor has grown to cover sites in over 350 cities across the UK, Germany, Netherlands, Norway, Denmark, Finland and Sweden.
Its sites include the BFI IMAX and Piccadilly Lights in London, whilst it also works with a range of companies including BT Sport, Canary Wharf Group and Landsec, among others. In this morning’s announcement, the company stated that it expects full-year revenue of between £115-120 million in 2021, which would represent year-on-year growth of 33-39 per cent.
Find businesses for sale here.
If you are looking for an exit, we can help!
The business specialises in the design and supply of custom, high-quality printed graphics and related services, offering solutions for exhibitions, retail environments, gaming, glass, and interior furnishings.
Established design agency trading since 1993 offering long-standing clients with consistent recurring revenue is seeking a committed acquirer.
An opportunity exists to purchase the business and assets of a leading Direct Mail and Digital Print Agency operating in the North of England. The Company provides digital printing and direct mail services.
12
|
Feb
|
TBG Furniture secures new PE backing from Blandford Capital | BUSINESS SALE
TBG Furniture has secured new private equity backing from Bl...
11
|
Feb
|
Kara Healthcare expands with landmark acquisition | BUSINESS SALE
Kara Healthcare has bought seven care homes as it continues ...
11
|
Feb
|
PE group Endless sells Karnova Food Group to US outfit OSI | BUSINESS SALE
Private equity group Endless has sold Karnova Food Group to ...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.