Alaris-backed Sequel to merge with GPAC in $423 mln deal
Sequel Youth and Family Services LLC, a portfolio company of Canadian alternative equity firm Alaris Royalty Corp, has agreed to combine with Global Partner Acquisition Corp (GPAC). In a separate release, Sequel and GPAC said the deal has an initial enterprise value of about US$423.3 million. Alaris, which invested in the company in 2013, will receive a cash distribution of US$30 million as a result. It will also retain a US$62.2 million investment in the new business, also called Sequel, and continue receiving annual distributions of US$6.2 million. Huntsville, Alabama-based Sequel develops programs for young people with behavioral, emotional, or physical challenges.
13 January 2017•6 mins read
