I Squared Capital to buy Australia's oOh!media for A$898 million

I Squared Capital has struck an agreement to acquire Australian out-of-home advertising company oOh!media for approximately A$898 million, according to reports on the transaction. The deal would take one of Australia's largest billboard and street-furniture advertising operators into private hands. oOh!media operates roadside, retail, airport and office media formats across Australia and New Zealand. The announcement lands alongside a second inbound offer for an Australian listed company, with Element Fleet Management proposing to acquire FleetPartners Group for about A$820 million, pointing to continued offshore interest in mid-cap Australian assets.