Homburger advises Clear Channel on the sale to TX Group

Clear Channel Outdoor Holdings, a global out-of-home advertising company, announced that it has entered into a definitive agreement to sell its Swiss business to Goldbach Group, an affiliate of TX Group, for CHF 86 million.

The Company intends to use the anticipated net proceeds from the sale to improve its liquidity position and increase financial flexibility, subject to any limitations set forth in its debt agreements.

Homburger has advised Clear Channel Outdoor Holdings with regard to all Swiss legal aspects of this transaction. The team was led by Daniel Hasler (pictured) and comprises Andrea Grimm Widmer and Magda Aref (all corporate/m&a), Gregor Bühler and Philippe Baumann (both IP/IT), Richard Stäuber and Allegra Arnold (both competition) and Peter Müller (tax).

Moelis & Company and Deutsche Bank Securities are serving as financial advisers to Clear Channel Outdoor Holdings and Kirkland & Ellis toghether with Homburger are serving as legal counsel.

Homburger advises Clear Channel on the sale  to TX Group



Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram