Deal Snapshot
ENGINEERING, IT AND STAFFING FIRM CDI AGREES TO USD 155M AE INDUSTRIAL PARTNERS BUYOUT
Tuesday 01 August 2017

US-based engineering, information technology, and staffing solutions provider CDI Corp. (NYSE: CDI) has entered into a definitive agreement to be acquired by affiliates of private equity investor AE Industrial Partners, LLC in a USD 155m deal, the company said.
Under the deal, AEI will acquire all of the outstanding shares of the company's common stock for USD 8.25 per share in an all-cash tender offer and follow-on merger. The agreement was unanimously approved by CDI's board of directors following a review of strategic alternatives that the company announced in March 2017.


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Details
Date Published: 01/08/2017
Target: CDI Corp
Country: USA
Deal Size: 155m (USD)
Sector: Machinery/Engineering
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: AE Industrial Partners, LLC
Buyer Advisor: Lincoln International , Kirkland and Ellis
Comment:


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