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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 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
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
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