I Squared Capital to Acquire oOh!media, a Leading Out-of-Home Media Infrastructure Platform in Australia and New Zealand

I Squared Capital to Acquire oOh!media, a Leading Out-of-Home Media Infrastructure Platform in Australia and New Zealand

I Squared Capital (“I Squared”), a leading independent global infrastructure investor, today announced that it has entered into a Scheme Implementation Agreement with oOh!media Limited (ASX: OML) to acquire all of its issued shares by way of a scheme of arrangement.

Under the transaction, oOh!media shareholders will receive A$1.70/share1 in cash for each oOh!media share held, implying an equity value of approximately A$898 million (US$631 million2) and an enterprise value of approximately A$1.04 billion (US$733 million).

The consideration represents a premium of approximately 100% to oOh!media’s undisturbed closing share price of A$0.85/share on 28 April 2026.

A strong strategic fit with I Squared