DC Advisory advises the shareholders of The Connacht Tribune on its sale to Formpress Publishing Limited
Background
- The Connacht Tribune publishes The Connacht Tribune and The Galway City Tribune titles, which have a total weekly readership of c.13,000
- Formpress Publishing is a subsidiary of Iconic Newspapers and operates more than 20 local news titles in Ireland, including 'The Limerick Leader', 'The Dundalk Democrat' and 'The Leinster Leader’
Process
- DC Advisory acted as the exclusive financial advisor to the shareholders of The Connacht Tribune on its sale to Formpress Publishing
- DC Advisory leveraged its deep knowledge of the media sector to prepare sales materials, lead market outreach and negotiate the key commercial terms of the transaction
Outcome
- Formpress Publishing agreed to acquire The Connacht Tribune in June 2025
- The transaction closed in November 2025
- Financial terms of the transaction were not disclosed
- This transaction further illustrates DC Advisory’s expertise in the media sector
“We are delighted that the transaction has reached a satisfactory conclusion. The purchaser of The Connacht Tribune has a good history in the newspaper business and is committed to preserving the standards that The Connacht Tribune has maintained over the years. We are indebted to DC Advisory for their assistance and guidance during the sale process and helping us in all aspects of the transaction.”
“It was a pleasure to have supported The Connacht Tribune shareholders in finding the right purchaser for the business. The shareholders wished to find a purchaser that was committed to preserving the standards the business has maintained over the years. A carefully managed process achieved the shareholders’ objectives and built on DC Advisory’s success in the media sector.”
- Media & Telecom
- M&A Advisory
Disclaimer
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