Birch Hill Equity Partners to exit DHX Media via $133 mln secondary offering
Canadian mid-market private equity firm Birch Hill Equity Partners has agreed to sell common shares in DHX Media Ltd (TSX: DHX) at a price of $4.70 per share. The secondary offering transaction, which is expected to close in Jan. 2014, will realize proceeds of approximately $133 million. Halifax, Nova Scotia-based DHX Media, which is focused on TV production and distribution, interactive content and entertainment licensing, became a portfolio investment of Birch Hill and OMERS Private Equity when the company bought Cookie Jar Group for $111 million in 2012. DHX Media recently acquired Ragdoll Worldwide Ltd as well as the Family Channel and Disney-branded channels.rens-channels-for-170-mln/" target="_blank">Family Channel and Disney-branded channels.
