Equinox Industries completed the acquisition of Clear Channel France SA from Clear Channel Outdoor Holdings, Inc. for ?13.87 million.
October 30, 2023
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Equinox Industries signed an agreement to acquire Clear Channel France SA from Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for ?42 million on July 17, 2023. Equinox Industries signed a share purchase agreement to acquire Clear Channel France SA from Clear Channel Outdoor Holdings, Inc. for ?42 million on October 18, 2023. For period ended December 31, 2022, Clear Channel France reported turnover of ?245 million. The transaction is expected to complete in coming weeks. Kirlin, Campbell and Keating acted as legal advisor to Clear Channel Outdoor Holdings, Inc.
Equinox Industries completed the acquisition of Clear Channel France SA from Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for ?13.87 million October 31, 2023. Equinox Industries assumed the ?28.125 million state-guaranteed loan held by Clear Channel France. Moelis & Company LLC and Deutsche Bank Securities Inc. acted as financial advisor to Clear Channel Outdoor Holdings, Inc. Philippe Raybaud, Thibault Willaume, Frédéric Sardain, Gabriel di Chiara, FrançoisXavier Simeoni, Hélène Gelas and Florent Prunet of Jeantet & Associés, Yannick Libéri of Cabinet Jacques Barthélémy & Associés, Peachey & Co, Harvest Avocats Srl acted as legal advisor to Equinox Industries. Eight Advisory acted as financial advisor to Equinox Industries. Kirkland & Ellis International LLP and Kirkland & Ellis LLP acted as legal advisor to Clear Channel Outdoor Holdings. Bird & Bird AARPI, Ernst & Young Société d'Avocats and August Debouzy acted as legal advisor to Clear Channel France SA.
Clear Channel Outdoor Holdings, Inc. is an out-of-home advertising company. The Company provides customized advertising solutions through its asset portfolio of roadside billboards, urban street furniture, airport advertising displays and other displays. The Companyâs segments include America, Airports, and Europe-North. The America segment consists of operations in the United States excluding airports. The Airports segment provides advertising opportunities around and within United States and Caribbean airports. The Europe-North segment consists of operations in the United Kingdom, the Nordics, and several other countries throughout northern and central Europe. It also has operations in Latin America and Singapore. Its Latin American businesses include operations in Mexico, Brazil, Chile, and Peru. The Company generally outsources the design and manufacturing of advertising structures to third parties.
CLEAR CHANNEL OUTDOOR HOLDINGS, INC. 
