GMT Buying Primesight

GMT Communications Partners has agreed to acquire UK outdoor advertising business Primesight Ltd. from British media company SMG. The deal is valued at Gbp62 million ($125m), with Hawkpoint Partners advising SMG. Primesight's products include advertising display panels on major roads and display panels at locations such as cinemas, health clubs and retail outlets. SMG will use proceeds from the sale to pay down debt.