Jun 8, 2026 – 9.07pmFor weeks, Bain Capital has been thrown around as a logical suitor for outdoor advertising business oOh!media, which was put into play last month following an offer from Pacific Equity Partners.Now, Street Talk can reveal Bain did indeed submit a non-binding offer to the $663 million ASX-listed company about two weeks ago. The bid, which was prepared with advice from Jefferies Australia boss Michael Stock and not disclosed to shareholders, was alive and kicking as of Sunday evening, multiple sources told this column.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?