ISS on board with Acasta Enterprises' $1.1 bln acquisition deals
Acasta Enterprises Inc (TSX: AEF), a Canadian special purpose acquisition corporation, said that Institutional Shareholder Services Inc (ISS) has recommended approval of its acquisition of three businesses and its launch as a private equity firm. The deals, announced last month, will see Acasta buy Apollo Health & Beauty Care, JemPak Corp and Stellwagen Finance Co. Acasta estimates the deals will have an aggregate enterprise value of at least $1.1 billion at closing. ISS is quoted as saying "the combined valuation of the initial portfolio and the private equity platform offers a significant upside for the company's public shareholders."
6 December 2016•3 mins read
