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Takeovers Panel rules against G8 Education

It’s pursuit of smaller rival Affinity Education may be over, defeated by Anchorage Capital Parners, and its chairwoman Jenny Hutson already departed, but things have become even worse for G8 Education, with a Takeovers Panel… 6 more words


Anchorage lines up financing for Affinity purchase

Anchorage Capital Partners has confirmed it will be able to fund the purchase of childcare operator Affinity Education.

The private equity firm will use a combination of external debt, equity from Anchorage Capital Partners Fund 2 and support from a number of institutional investors. 30 more words


G8 Education concedes Affinity to Anchorage Capital

G8 Education has agreed to vote in favour of private equity outfit Anchorage Capital’s bid for Affinity Education, ending its own bid for the smaller childcare operator. 35 more words


Takeovers Panel restrains key Affinity shareholder

West Bridge Holdings, one of the companies allegedly related to G8 Education, has been restrained from any off-market sale of its shares in takeover target Affinity by the Takeovers Panel. 107 more words


Affinity Education snubs G8 takeover offer

Childcare provider Affinity Education has rejected a takeover offer from its larger peer G8 Education, despite the Jenny Hutson-chaired company sweetening its bid earlier this month. 73 more words


Childcare operator G8 Education has lobbed a takeover bid for its smaller rival Affinity Education, which values the target at $162m.

G8 made a scrip-based offer which will see one G8 share traded for every 4.61 Affinity securities – a 29.6 per cent premium to its last close of 54c, or around 70c a share. 23 more words