Baring Asia, CPPIB to privatize Nord Anglia in $4.3b deal
Baring Private Equity Asia has agreed a $4.3 billion privatization of Nord Anglia Education, a school operator it took private in the UK in 2008 and relisted in the US three years ago. Canada Pension Plan Investment Board (CPPIB) is also participating in the deal.
The two investors will pay $32.50 apiece for all outstanding shares they don’t already own - an 18% premium to the April 24 closing price - and secure repayment of the company’s debt, according to...
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