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I Squared drops pursuit of Ströer billboard business

privateequitywire

5 months ago

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I Squared Capital has dropped its plans to acquire Ströer SE & Co.’s out-of-home advertising business after struggling to secure sufficient investor backing, according to a report by Bloomberg citing people familiar with the matter.
Concerns around the German economy and I Squared’s attempt to position the billboard unit as an infrastructure-style asset reportedly weighed on fundraising efforts.
A deal could have reportedly valued Ströer’s out-of-home advertising business, which includes dig...

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