Grupo Globo Acquires Minority Stake in Eletromidia from H.I.G. Capital

August 30, 2023

Grupo Globo has purchased a minority stake in Eletromidia, Brazil’s leading out-of-home (OOH) media company, from an affiliate of H.I.G. Capital. H.I.G. remains the largest shareholder; Globo said the investment will deepen synergies across its advertising portfolio and help accelerate Eletromidia’s digital and geographic growth.

Buyers
Grupo Globo
Targets
Eletromidia
Sellers
H.I.G. Capital (affiliate)
Location
São Paulo, Brazil
Transaction Type
Growth capital

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