Kingston Smith Corporate Finance advises on sale of OOH media specialist
Kingston Smith Corporate Finance has advised on the sale of market-leading digital out-of-home (OOH) creative services specialist Grand Visual and its digital OOH adtech provider QDOT to global OOH media agency Talon.
The strategic acquisition enables Talon to further enhance its abilities across the US and to manage the increased demand for dynamic utilisation of the digital landscape as the OOH industry evolves.
Grand Visual and QDOT employ 48 people globally in London, New York and a development hub in Montevideo, Uruguay. Both companies will continue to run with their existing management structure, led by founder and chief executive Neil Morris, Grand Visual managing director Dan Dawson and QDOT managing director Ben Putland.
Grand Visual will retain its identity and continue to work autonomously with agencies, media owners and brand teams, including Warner Brothers, Amazon Studios, Netflix and Spotify.
Kingston Smith Corporate Finance was appointed by the Grand Visual shareholders to advise them on the transaction. The team, led by Nicola Horton and Kat Stone helped to secure a successful sale that will allow Grand Visual and QDOT to integrate with Talon’s complementary services to facilitate scale at an even faster pace.
Neil Morris, Grand Visual chief executive said: ‘’Nicola Horton and the KS team provided pragmatic advice and guidance through the whole process. No doubt all transactions can be stressful and their calm approach was hugely beneficial to our team as we worked through the multiple strands of activity. I am very glad that they were by our side offering the expert support we needed to complete the deal.”
Nicola Horton, corporate finance principal, added: ‘’It has been an absolute pleasure working with Neil and his colleagues on this deal. Together, Grand Visual and QDOT have a unique proposition – marry that with Talon’s complementary services, scale and reach, and the future looks extremely bright for both parties.”
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