Oaklins DeSilva+Phillips client G/O Media, a portfolio company of Great Hill Partners, has sold Gizmodo, a premier international media outlet dedicated to technology, to Keleops.
G/O Media is a premium digital publishing company with a portfolio of brands defined by journalism that is thought-leading, independent and rabidly passionate. The company was acquired from Univision in 2019 in a transaction backed by Great Hill Partners.
Gizmodo represents a significant milestone for Keleops, already one of the biggest European digital media publisher groups in the consumer tech sector. By expanding its reach within the industry and internationally, Keleops anticipates effectively doubling its current audience size, fostering deeper brand awareness and engagement.
“Acquiring Gizmodo represents a strategic move for Keleops as we continue to strengthen our presence and leadership in the tech media industry," says Jean-Guillaume Kleis, CEO and Founder at Keleops. "Gizmodo is an iconic technology news brand with strong recognition worldwide, and I am delighted to welcome such a high-quality and trusted brand into Keleops' family.”
Jay Kirsch, Partner at Oaklins DeSilva+Phillips, said, “Since its founding Gizmodo has been a leader in technology journalism. For Keleops it represents a growing and well-established brand on which to build its North American platform. The market continues to value high quality content in key verticals that attract deeply engaged audiences at a premium. All indications are that this trend will hold."
This strategic acquisition underscores Keleops’ ambitious growth strategy, which includes further expansion through the acquisition of prominent tech media outlets, especially in the United States. By leveraging its world-class expertise and capabilities, Keleops aims to foster innovation and drive excellence in tech journalism, setting new standards in the digital world.
“I am incredibly excited about Gizmodo’s future. I believe that the combination of Keleops’ unique digital know-how and Gizmodo’s rich content and deep editorial expertise will greatly benefit both our audiences and our partners. We are absolutely thrilled to be welcoming the entire Gizmodo editorial team on this journey," concludes Jean-Guillaume Kleis.
Oaklins DeSilva+Phillips served as the exclusive financial advisor to G/O Media on the transaction. This transaction further highlights ODP's deep sector expertise in advising media businesses, specifically those within the digital and consumer media industries.
Read the official release here.
OUR DEAL TEAM
Partner
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CEO and Managing Partner
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Managing Director
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Associate Director
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NOTABLE DIGITAL AND CONSUMER MEDIA TRANSACTIONS
