Riverdeep founder and dealmaker Barry O’Callaghan is in line for a pay-off potentially worth €100million from a proposed flotation next year of a Chinese company he controls.
Beijing Riverdeep International Education, which operates 100 premium English language learning centres across China, is planning an initial public offering on both the New York and Hong Kong stock exchanges in the first half of 2012.
The company, which is 55.9 per cent owned by EMPG International, the joint venture private equity vehicle backed by O’Callaghan and Dubai’s sovereign wealth fund Istithmar, will be selecting underwriters for the deal this autumn, EMPGI vice-president Justin Cahill told Merger market.
No comments:
Post a Comment