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QMS Media advised on $570m private equity takeover

Lander & Rogers has advised listed outdoor media business QMS Media on its acquisition by entities associated with Quadrant Private Equity.

user iconJerome Doraisamy • 14 February 2020 • SME Law
QMS Media

Source: facebook.com/qmsmedia/

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Firm: Lander & Rogers (QMS Media Limited); Gilbert + Tobin (Quadrant).

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Deal: QMS has entered into scheme implementation documentation with Quadrant, under which Quadrant agreed to acquire 100 per cent of the issued share capital of QMS via a scheme of arrangement in an all-cash offer of $1.22 per share. The deal valued QMS’ equity at approximately $420 million and implied an enterprise value exceeding $570 million.

Landers advised on all aspects of the scheme.

Area: Corporate, commercial disputes.

Value: $571.2 million, with an equity value of $420.6 million.

Key players: The Landers team was led by partner Peter Monk, who was supported by partners Simon Davidson and Greg McKenzie, special counsel Daniel Hickman, and lawyers Alex Dworjanyn, Jennifer Goh, Luke Callaghan and Hannah McGuire.

Deal significance: Mr Monk said: “It has been an amazing journey supporting QMS’ executive team, board and shareholders through the company’s entire life cycle as an ASX-listed entity. Over more than five years, members of our team have supported QMS moving from strength to strength in a rapidly evolving advertising and media landscape.

“From QMS’ creation via an eight-way M&A roll-up and listing on the ASX, through its four-fold expansion across Australia and overseas in as many years, and now to its public-to-private move through a scheme of arrangement with Quadrant Private Equity, life as QMS’ legal adviser is always busy, hugely rewarding and never ever dull. The team at Landers looks forward to continuing to support the business as this next chapter unfolds.”

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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