PARENT OF CANADA’S GOLF TOWN TO BE ACQUIRED FOR $228MM.
OMERS Capital Partners, an affiliate of the OntarioMunicipal Employees Pension Fund, inks a definitive agreement to acquire theGolf Town Income Fund, the publicly traded parent of the 32-door specialtychain, for C$17.15 a share or C$214.4 million (US$203.7 mm). The offer alsoincludes the assumption of approximately C$26 million in debt to value the dealat about C$240 million ($228 mm). OMER, one of Canada’s largest pension plans,has more than C$48 billion in assets. Golf Town CEO and President StephenBebis, the former Jumbo Sports/Sports & Recreation executive, who founded thegolf specialty chain and took it public through the income fund in 2004, standsto ... Log in to view full article.