DC Advisory advises on the sale of Communicorp Group to Bauer Media Group on behalf of Denis O’Brien

Background

• Communicorp is one of Ireland’s largest commercial radio groups with a market-leading portfolio
• Communicorp group had a weekly audience of more than 1.75 million and plays a vital role in providing news, music, entertainment, and sport
• Bauer Media Group is a leading digital commercial broadcaster and audio operator 

Process

• DC Advisory was engaged by Communicorp to act as exclusive financial advisor on its potential sale
• DC Advisory engaged a global group of potential acquirers aligned to the shareholders’ vision and commitment to supporting Communicorp’ development plan
• DC Advisory leveraged its knowledge of the Media & Telecoms space to identify a tailored group of appropriate buyers
• DC Advisory ran a competitive process where a number of parties were interested in becoming a market leader in the Irish market

Outcome

• Bauer Media Group agreed to acquire Communicorp Group in February 2021
• This transaction further showcases DC Advisory’s deep expertise in the Media and Telecoms sector