Partners Group to take Axia NetMedia private in $272 mln deal
Swiss private equity firm Partners Group has agreed to buy all of the outstanding common shares of Axia NetMedia Corp (TSX: AXX), a Canadian operator and seller of services over fibre optic infrastructure. Partners Group has agreed to pay $4.25 per share for the company, which reflects a total equity value of $272 million. The board of directors of Calgary-based Axia has recommended the offer to shareholders, who will vote on it at a special meeting expected to be held in May. With the acquisition's close, Partners Group said it will work with Axia's existing management on "an ambitious growth plan" and provide the capital needed to help it "become a world-class communication network operator."
9 March 2016•9 mins read
