Investment Banker Petsky Prunier’s Deal Notes are always well worth a read.
They describe this quarter (2Q10) as ‘quiet’ for the sector ‘Out-of-Home & Specialty Media’ (as they describe it) and detail six transactions totaling approximately USD 108 million having been announced.
They go on to say that “Compared to the previous quarter, deal volume was flat; aggregate transaction value, however, nearly doubled”.
Two of the transactions detailed are ones that we have previously discussed…
- Access 360 Media’s acquisition of Arena Media Networks out of bankruptcy for $6.2 million
- Zoom Media & Marketing’s acquisition of Sports Display
And if the rumours we hear are true then there will be a couple more announced shortly from Zoom.
ABOUT PETSKY PRUNIER
Petsky Prunier is one of the leading investment banks serving the marketing, information and digital media industries, including businesses focused on interactive advertising, advertising and promotion, digital media and eCommerce, software and information, marketing technology, out-of-home and specialty media and marketing services. Our firm’s mergers and acquisitions and private placements advisory services reflect a unique blend of product specialization and industry expertise. This depth of knowledge, tailored approach to each engagement and the results achieved have earned Petsky Prunier a distinguished reputation among entrepreneurs, corporations and private equity firms. Together with Winterberry Group (www.winterberrygroup.com), the strategic consulting firm affiliated with Petsky Prunier, our companies represent one of the largest and most accomplished organizations providing advice and transactional services to the marketing, information and digital media industries.