In September 2011, ARM Capital Partners completed the acquisition of a significant minority equity interest in E-Motion Advertising Limited (“E-Motion”), a leading Out of Home advertising firm in Nigeria. E-Motion owns and operates prime and exclusive outdoor advertising space on digital and traditional billboards, bridge panels, buses, lamp posts, and wall mounts. By leveraging ARM Capital Partners’ relationships across Nigeria and the management team’s operational and industry contacts and expertise, E-Motion is well-positioned to become a leading outdoor advertising provider in West Africa.