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GMT completes acquisition of Primesight in £62m deal31/10/2007. Source: AltAssets. 
 European communications sector-focused private equity group GMT Communications Partners has completed its acquisition of UK outdoor advertising company Primesight for a total consideration of up to £62m.
GMT is backing the existing management team, led by CEO Naren Patel.
Primesight owns and markets outdoor advertising products, including advertising display panels on major roads and display panels at leisure and retail outlets throughout the UK. Primesight's revenues were £23.3m and EBITA was £4.5m for the year ended 31 December 2006, according to a statement.
GMT focuses on providing buy-out and expansion capital for growth companies. Since its foundation in 1992, GMT has invested in 26 companies and completed over 100 transactions, exclusively in the European media and communications sectors.
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