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New Deal


Announced

Council of the City of Wakefield terminated the deal to acquire Findel Education from Studio Retail Group for $66m.

Financials

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Transaction Value£50m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA10.3x
Share Price Premium-
One Off Charge-

Tags

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Education Services

Majority

Friendly

Private

Single Bidder

United Kingdom

educational resources

Acquisition

Failed

Synopsis

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The Council of the City of Wakefield terminated the deal to acquire Findel Education, a UK-based educational resources supplier, from Studio Retail Group, the online value retail and education business, for £50m ($66m). The deal was abandoned after Competition and Markets Authority said a deal would result in schools having “higher prices or reduced service”.

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