Anchorage Capital Partners A$258 million acquisition of Affinity Education Group

15/12/2015

Public acquisition

Value:

A$ 258 million

Status:

Completed

Date:

15/12/2015

Overview:

Anchorage Capital Partners acquired Affinity Education Group for A$258 million.
Affinity is an ASX-listed childcare provider with 161 outlets across Australia.
Anchorage is an Australian private equity firm.
Anchorage bought Affinity at 92c per share.
With the target in financial difficulty, the acquisition was concluded as a scheme of arrangement.

Ben Naylor - Regional editor

Jurisdiction:

Australia

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Australia

Industry sector:

Consumer goods and services

Firms:

Corrs Chambers Westgarth

Party: Affinity Education Group (Target)

Lawyers: John Mosley, Ricky Casali, Stewart Robertson

MinterEllison

Party: Anchorage Capital Partners (Acquirer)

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