GMT Closes Primesight Buyout

GMT Communications Partners has completed its acquisition of UK outdoor advertising business Primesight Ltd. from British media company SMG. The deal was valued at Gbp62 million, 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.

GMT Communications Partners (“GMT”), the leading European independent private equity group focused exclusively on the communications sector, is delighted to announce it has completed the acquisition of Primesight Limited (“Primesight”) for a  total consideration of up to