Swedish digital advertising firm Verve Group SE acquires Jun Group, a mobile-first platform, from Advantage Solutions Inc. for $185M.

Swedish digital advertising firm Verve Group SE has acquired Jun Group, a mobile-first digital advertising platform, from Advantage Solutions Inc. for $185 million. The deal will result in a combined pro forma revenue of €447 million and an adjusted EBITDA of €151 million, with Verve's leverage reduced to 2.4x. Jun Group has direct access to over 230 Fortune 500 advertisers and agencies in the US, and the acquisition will expand Verve's presence in the mobile advertising market.