Way cleared for Apax/HIT deal

APAX's Sunshine Acquisitions looks like it has finally won in its bid to acquire HIT Entertainment, after its only rival, Lion's Gate pulled out of the race.
Author:
Publish date:
5_Pocoyo.jpg

APAX's Sunshine Acquisitions looks like it has finally won in its bid to acquire HIT Entertainment, after its only rival, Lion's Gate pulled out of the race.

No other companies are currently in discussions with HIT and the deal is likely to be completed by May 24th.

The proposed 300p a share takeover by Apax won the backing of more than 99 per cent of shareholder votes cast at a special meeting in London. The deal values Hit, owner of brands including Bob the Builder and Thomas the Tank Engine, at £489m.

Related

5_Pocoyo.jpg

Apax takes HIT

HIT Entertainment is about to be sold to private equity firm Apax Partners in a deal worth some £490m. In a statement the firm said it had reached agreement with Sunshine Acquisition for a offer.

5_Pocoyo.jpg

Roar deal for Vivid

Vivid Imaginations has won the master toy licence for Chapman Entertainment's next big property  - Roary the Racing Car - which has also just secured TV slots on Five and Nick Jr for next spring.

Featured Jobs

GAMEPLAN LOGO 3D hi res

Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019