Entertainment One Ltd. has been notified that Canada Pension Plan Investment Board has today made a commitment to acquire 52.9 million common shares of Entertainment One Ltd. at a price of £2.69 per common share from Marwyn Value Investors LP.
CPPIB’s total investment of £142.4 million will represent an approximate 17.9% ownership interest in the Company. The transaction is conditional upon CPPIB having received notice from the Australian Foreign Investment Review Board that there are no objections concerning its proposed acquisition of shares in eOne. Such notification, and the closing, is expected within 30 days.
Darren Throop, Chief Executive, commented: “We look forward to welcoming CPPIB as a significant shareholder of eOne. CPPIB has a strong track record of focusing on the long term success of the companies in which it invests and we are excited that it will play a part in the eOne story as we execute our strategy to double the size of the business over the next five years.”
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