Advestra advises Outbrain Inc. on the acquisition of video intelligence AG

Out­brain Inc., a Nas­daq lis­ted recom­mend­a­tion plat­form for the open web, has entered into a defin­it­ive agree­ment to pur­chase all the shares in video intel­li­gence AG, Swiss-based con­tex­tu­al video plat­form for digit­al and con­nec­ted TV media. Out­brain will acquire video intel­li­gence for an aggreg­ate pur­chase price of approx­im­ately $55 mil­lion, fun­ded by $46.75 mil­lion of bal­ance sheet cash and 412,500 Out­brain shares. The trans­ac­tion is expec­ted to close in the first quarter of 2022.

Advestra acted as leg­al coun­sel to Out­brain. The team con­sisted of Rashid Bahar, Daniel Raun, Beda Kaufmann, Fabi­an Loretan and Mar­lon Ber­to­lini (all Cor­por­ate | M&A) as well as Anna Capaul (Cor­por­ate | M&A, Employment).