Deal Snapshot
AFFILIATES OF AE INDUSTRIAL PARTNERS CLOSE ACQUISITION OF ENGINEERIN, IT AND STAFFING FIRM CDI
Thursday 14 September 2017

Affiliates of private equity investor AE Industrial Partners, LLC have closed the acquisition of US-based engineering, information technology, and staffing solutions provider CDI Corp. (NYSE: CDI), the firm. A tender offer, which was made pursuant to an agreement and plan of merger entered into by CDI and affiliates of AE on July 31, 2017, expired on September 12, 2017. 
Under the terms of the merger agreement, Nova Merger Sub, Inc., an affiliate of AEI, was automatically deemed to exercise its "top-up" option to purchase shares of common stock directly from CDI in an amount sufficient to enable Purchaser to effect a "short-form" merger under applicable Pennsylvania law.


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Details
Date Published: 14/09/2017
Target: CDI Corp
Country: USA
Deal Size: 155m (USD)
Sector: Machinery/Engineering
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: AE Industrial Partners, LLC
Buyer Advisor: Lincoln International , Kirkland and Ellis
Comment:


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