Brandscreen administrators seek quick sale

The administrators looking after Brandscreen say it is still trading in Australia and Singapore, but is looking for a buyer for the media trading company.

Confirming the business went into voluntary administration on December 31, as revealed by Mumbrella on Friday, administrators Sule Arnautovic and Roderick Mackay said they are “implementing restructuring initiatives” around the business.

It is understood the administration occurred as the owners looked to complete a trade sale last year, but “the bridging finance did not complete”.

Arnautovic, managing partner of Jirsch Sutherland said in a statement: “It is very unfortunate that a long standing and well regarded business, established in 2006, has been placed into administration. We are of the opinion that Brandscreen’s position in the Asia-Pacific programmatic space is a valuable asset and we are engaging now with all parties who may be interested to incorporate the numerous assets of Brandscreen into their business.