Key facts
- Bain Capital has withdrawn its bid to acquire oOh!Media Ltd.
- The withdrawal means oOh!Media Ltd. will remain publicly listed.
- The Australian Financial Review reported on Bain Capital's exit.
Bain Capital has reportedly withdrawn its bid to take the Australian outdoor advertising company oOh!Media Ltd. private. The Australian Financial Review cited the development, though it did not offer specific reasons for the private equity firm's decision to exit the race.
This withdrawal means that oOh!Media Ltd. will continue to operate as a publicly listed entity, at least for the time being. Further details regarding the motivations behind Bain Capital's withdrawal have not been made public.