8 Outdoor owner completes significant funding
The owner of 8 Outdoor, the UK’s fastest growing Out of Home media owner, has confirmed an investment of £11 million – the first from Asia into a digital-only UK Out of Home media owner. The funding will fuel further expansion for parent company SIS Digital Vision Limited, a market leader in Out of Home digital advertising and construction, with a growing portfolio of national and European screens.
The new multi-million-pound equity funding package from Sun Hung Kai & Co. Limited (“SHK”), an investment firm headquartered in Hong Kong, was delivered by Nash & Co Capital Limited, the specialist UK SME focused merchant bank. The funding process was led by SIS Digital Vision Limited’s first Group Chief Financial Officer, Darren Poynton, who brings over 15 years’ media industry experience to the role, having most recently been UK Group CFO at Havas Media Group. Previous roles have included UK CFO at MediaCom and European Finance Director at National Geographic Channels Europe, having started his career at KPMG, where he focused primarily on entertainment and technology clients.
The funding represents significant investment for 8 Outdoor, as it looks to build on its market leading position in UK premium roadside digital Out of Home. The company was founded in September 2015 and has since grown to be the UK’s fastest growing Out of Home media owner, with over 90 screens in 25 cities. It has recently embarked on its biggest ever trade campaign, focused around its flexible and cost-effective proposition to commercial partners.