OUTFRONT Media’s Sale of Latin America Business to JCDecaux

On November 2, 2015, OUTFRONT Media Inc. and JCDecaux SA announced that they have entered into an agreement to sell the Latin America business of OUTFRONT Media to JCDecaux Latin America/Corameq, which is 85% owned by JCDecaux SA, for a purchase price of $82 million cash, subject to working capital and indebtedness adjustments. Cravath represented OUTFRONT Media in connection with this transaction.

The Cravath team was led by partners Robert I. Townsend III and Craig F. Arcella and included associates Stephanie R. Gallina and Matthew J. Aldana on M&A matters; partner Christopher K. Fargo and associate Tara L. Rhoades on tax matters; and associate Matthew Cantor on executive compensation and benefits matters.