The transaction will be implemented by way of a statutory merger under BVI law, subject to anti-trust approval in Sweden and other customary approvals and conditions. It is expected that the merger will become effective in June 2022.
Atairos is an independent private company focused on supporting growth-oriented businesses across a wide range of industries. Atairos has approximately $6.5 billion in equity capital and offices in New York City, London and Philadelphia. Ocean Outdoor is a leading operator of digital out-of-home (DOOH) advertising across the United Kingdom, Northern and Continental Europe. Ocean's network of 4,000+ screens covers seven countries and 351 cities with its technological capabilities delivering the most impactful and measurable DOOH brand and advertising experiences. Ocean's portfolio comprises of some of the most iconic locations, such as the Piccadilly Lights and the BFI IMAX. Ocean’s ordinary shares are traded on the Main Market of the London Stock Exchange.