Ilkka-Yhtymä Oyj sold 16.4% of its shares in Alma Media Oyj to Otava Oy for €7.44 per share, reducing its risks while allowing Otava to strengthen its investment in the media sector.
Target Information
Ilkka-Yhtymä Oyj, founded in 1906, is a media conglomerate based in South Ostrobothnia, Finland. The company offers a range of products and services, including newspaper advertising, digital advertising, marketing and communication services, technology solutions, and printing and distribution services. In 2018, Ilkka-Yhtymä reported a revenue of €36.5 million.
In November 2018, Ilkka-Yhtymä sold 16.4% of its shares in Alma Media Oyj to Otava Oy for €7.44 per share, valuing the deal at over €100 million. This transaction allowed Ilkka-Yhtymä to reduce its investment and sector risk, while Otava increased its ownership stake in Alma Media.
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Industry Overview
Finland's media industry is characterized by a strong digital transformation, with a growing shift towards online platforms and services. Traditional print media continues to face challenges from digital compet
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Disclosed details
Transaction Size: $112M
Revenue: $41M
Equity Value: $112M
Multiples
P/Revenue: 2.8x