PE-backed DHX Media inks deal to buy children's channels for $170 mln
DHX Media Ltd (TSX: DHX) has agreed to acquire Family, the most-viewed children's channel in Canada, and three Disney-branded channels from Bell Media for around $170 million. The company said the purchase price is expected to be financed with a credit facility and cash on hand. The deal, which follows DHW Media's purchase of Ragdoll Worldwide Ltd in September, is expected to be completed in 2014. The Halifax, Nova Scotia-based DHX Media, which is focused on TV production and distribution, interactive content and entertainment licensing, became a portfolio company of Canadian buyout firms Birch Hill Equity Partners and OMERS Private Equity when it bought Cookie Jar Group last year. Cookie Jar had been backed by Birch Hill and OMERS since 2004.
