Prism Medical buys back investment of Yellow Point Equity Partners
Prism Medical Ltd (TSXV: PM), a Toronto-based manufacturer of durable medical equipment and related services, has reported on the results of its Dutch auction substantial issuer bid to repurchase up to $35 million worth of the company's common shares. Shares that will be purchased for cancellation include those held by Canadian private equity firm Yellow Point Equity Partners, representing approximately 99.2 percent of the total shares held by the firm prior to the offer. Yellow Point has backed Prism since 2004. In April, the company announced that it sold its U.K.-based operations to British private equity firm LED for $54.9 million.
22 September 2014•3 mins read
