JCDecaux completes the take private of Clear Media Limited as part of a consortium of investors
28 September 2021 - 10:00PM
JCDecaux completes the take private of Clear Media Limited as part
of a consortium of investors
JCDecaux completes the
take private of Clear Media Limited
as part of a consortium of investors
Paris, September
28th, 2021 – JCDecaux SA
(Euronext Paris: DEC), the number one outdoor advertising company
worldwide, announces that a consortium of investors to which it is
part of has, through the special purpose vehicle (“Offeror”) owned
as to approximately 89% by the consortium and as to approximately
11% by Aimia Inc. (Toronto Stock Exchange: AIM), completed the
acquisition of all the remaining shares of Clear Media Limited
(“Clear Media”) on September 27th, 2021. As a result, Clear Media
is now a wholly-owned subsidiary of the Offeror and the listing of
the shares of Clear Media on the Hong Kong Stock Exchange has been
withdrawn.
This transaction represents an important step in
JCDecaux's strategy to increase its presence in one of its key
markets, China, in particular in its Street Furniture segment with
significant growth potential, notably through the acceleration of
its digitization.
The consortium comprises Mr. Han Zi Jing, Chief
Executive Officer of Clear Media (“Mr. Han”) at 40%, Antfin (Hong
Kong) Holding Limited (“Antfin”) at 30%, JCDecaux Innovate (a
wholly owned subsidiary of JCDecaux SA) at 23% and China Wealth
Growth Fund III L.P. (“CWG Fund”) at 7%.
Clear Media is the largest operator of bus
shelter advertising panels in the People’s Republic of China
(“PRC”), operating a total of more than 61,000 panels covering 24
cities as of June 30th, 2021.
JCDecaux started operating in Hong Kong in 1999,
Macau in 2001 and Mainland China in 2005, and is the leading
Out-of-Home Media company in Transport advertising (airports, metro
and bus) in the PRC.
Mr. Han Zi Jing is currently the Chief Executive
Officer and an Executive Director of Clear Media.
Antfin is a company incorporated in Hong Kong
with limited liability and an indirect wholly-owned subsidiary of
Ant Group Co., Ltd.
CWG Fund is an exempted limited partnership
registered under the laws of the Cayman Islands, whose general
partner is JT China Wealth Management Limited and whose sole
limited partner is Empyrean Management (Hong Kong) Limited, which
is in turn wholly-owned by JIC Capital Management (Tianjin)
Limited, a PRC state-owned enterprise, and is principally engaged
in private equity investment.
Goldman Sachs and Slaughter and May are acting
as JCDecaux’s financial and legal advisors respectively.
Key Figures for JCDecaux
- 2020 revenue: €2,312m – H1 2021
revenue: €1,082.3m
- Present in 3,670 cities with more
than 10,000 inhabitants
- A daily audience of more than 840
million people in more than 80 countries
- 10,230 employees
- Leader in self-service bike rental
scheme: pioneer in eco-friendly mobility
- 1st Out-of-Home Media company to
join the RE100 (committed to 100% renewable energy)
- JCDecaux is listed on the Eurolist
of Euronext Paris and is part of the Euronext 100 and Euronext
Family Business indexes
- JCDecaux is recognised for its
extra-financial performance in the FTSE4Good (4.6/5) and CDP (A
Leadership) rankings, and has obtained the MSCI AAA score for the
4th year in a row
- 964,760 advertising panels
worldwide
- N°1 worldwide in street furniture
(489,500 advertising panels)
- N°1 worldwide in transport
advertising with 156 airports and 249 contracts in metros, buses,
trains and tramways (329,790 advertising panels)
- N°1 in Europe for billboards
(129,970 advertising panels)
- N°1 in outdoor advertising in
Europe (615,530 advertising panels)
- N°1 in outdoor advertising in
Asia-Pacific (216,590 advertising panels)
- N°1 in outdoor advertising in Latin
America (66,120 advertising panels)
- N°1 in outdoor advertising in
Africa (22,500 advertising panels)
- N°1 in outdoor advertising in the
Middle East (15,350 advertising panels)
For more information about JCDecaux, please
visit jcdecaux.com. Join us on Twitter, LinkedIn, Facebook,
Instagram and YouTube.
Communications
Department: Albert Asséraf+33 (0)
1 30 79 35 68 – albert.asseraf@jcdecaux.com
Investor
Relations: Rémi Grisard+33 (0) 1 30 79 79
93 – remi.grisard@jcdecaux.com
- 28-09-2021 # Clear Media_UK
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