GMT Communications Partners, the London-based private equity firm specializing in investments in the communications sector, has acquired the roadside assets of Titan Outdoor Advertising through its portfolio company Primesight for an undisclosed sum.
Titan’s Roadside Assets comprise of 8,600 panels, consisting of 7,900 48-sheet panels and 700 96-sheet panels.
By acquiring Titan’s assets Primesight claims it will double the size of the company. Primesight owns and markets a portfolio of outdoor advertising products including advertising display panels on major roads, leisure and retail outlets throughout the UK.
Corporate advisory business Hawkpoint Partners advised GMT on the transaction. Weil, Gotshal & Manges provided legal advice on the deal.