Australian outdoor advertising company oOh!media has agreed to be acquired by infrastructure investor I Squared Capital for A$1.04 billion, including debt. The deal values its equity at about A$898 million, with shareholders receiving A$1.70 per share.

A competitive three-and-a-half month auction process is set to end with Florida-headquartered I Squared Capital in the box seat to buy oOh!Media.

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