Weil Gotshal & Manges has acted for new client the Ontario Teachers' Pension Plan on its debut European direct investment. The private equity arm of the Canadian pension fund is set to buy Acorn Care and Education - which provides foster care and schools for children with learning disabilities - for a reported £150m from Phoenix Equity Partners and Acorn's management after outbidding UK buyout house HG Capital.
January 19, 2010 at 04:47 AM
1 minute read
The original version of this story was published on Legalweek
Weil Gotshal & Manges has acted for new client the Ontario Teachers’ Pension Plan on its debut European direct investment.
The private equity arm of the Canadian pension fund is set to buy Acorn Care and Education – which provides foster care and schools for children with learning disabilities – for a reported £150m from Phoenix Equity Partners and Acorn’s management after outbidding UK buyout house HG Capital.
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