APN, Quadrant talk

APN News & Media told the ASX it is in talks with Quadrant Private Equity about forming an outdoor advertising joint venture. The discussions follow a strategic review focused on how to expand APN's outdoor advertising operations.

Quadrant Private Equity is the private equity partner APN is reported to be negotiating with for an outdoor advertising joint venture, according to the ASX disclosure mentioned in the article.

The proposed joint venture is focused on expanding APN's outdoor advertising operations — essentially a partnership to grow and develop outdoor advertising assets and activities.

Reports cited in the article suggest the joint venture could be valued at around $200 million, although that figure was described as a reported estimate rather than a confirmed valuation.

No. While some reports expected a deal could be struck within weeks, APN itself did not provide a timetable or say when the talks were likely to conclude.

APN’s strategic review was aimed at finding ways to expand its outdoor advertising operations. The company pointed out that outdoor advertising has been one of the strongest-performing media sectors, a trend it expects to continue — which helps explain the focus on partnership options.

Investors should monitor ASX announcements from APN for confirmation of any deal, details of valuation and transaction terms if released, and updates on how the joint venture would affect APN’s outdoor advertising business and strategy.

Yes. APN stated in its ASX disclosure that outdoor advertising is one of the strongest-performing media sectors and that this trend was expected to continue, which is part of the rationale behind pursuing expansion and potential partnership options.