AGC Partners is pleased to announce that its client, Yashi, Inc., a leading local digital video advertising and programmatic technology company, has been acquired by Nexstar Broadcasting Group, Inc. (market capitalization of $1.5 billion), a leading diversified media company. The acquisition of Yashi substantially broadens and diversifies Nexstar’s digital media portfolio with businesses that are complementary to the Company’s focus on providing compelling and effective multi-platform marketing solutions for local and national advertisers. In addition, the Yashi offering combined with Nexstar’s geo-fencing patent and a robust local sales team of 600+ local account executives and sales managers provides valuable synergies for the benefit of Nexstar customers. With a team led by Jon Guido, AGC Partners acted as sole financial advisor to Yashi.
Jon Guido and the AGC team did a fantastic job understanding Yashi’s long term vision to becoming the leading location-focused online video advertising platform by advising Yashi and its shareholders throughout the entire liquidity process. Understanding our vision and long term plans was key to finding the right strategic partner and home for Yashi, which we are confident we have in Nexstar.Jay Gould, CEO, Yashi
AGC Partners acted as sole financial advisor to Yashi in February, 2015