Yangaroo acquires Digital Media Services

21 May 2021

On May 21, 2021, YANGAROO Inc. (TSXV: YOO) (OTC Pink: YOOIF) ("Yangaroo") announced the acquisition of Digital Media Services Inc. ("DMS"). Pursuant to the transaction, Yangaroo will acquire certain assets and liabilities of the DMS entities, including all technology and intellectual property, customers and employees, and office leases.

Yangaroo, with offices in Toronto, New York and Los Angeles, is a software leader in media asset workflow and distribution solutions. DMS is a TV/OTT/CTV and video advertising and content management delivery business based in New York City, with additional offices in New Jersey and Los Angeles.

The acquisition and related transaction costs are to be funded through a committed debt financing package underwritten by the National Bank of Canada and Yangaroo's existing cash on hand. The debt financing package includes an acquisition term loan facility, a revolving line of credit, and other day to day banking facilities. 

Gowling WLG advised Yangaroo with respect to this acquisition with a team that included Nurhan Aycan and Howard Xin (corporate/M&A) and Christopher Alam (acquisition financing).

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