TPG Capital Affiliates Acquire PRIMEDIA
- Jul 19, 2011
Atlanta—Affiliates of global private investment firm TPG Capital have acquired PRIMEDIA Inc., a company that helps consumers find apartments through Internet, mobile and print solutions.
Under the terms of the merger agreement, holders of the outstanding shares of PRIMEDIA common stock are entitled to receive $7.10 per share in cash, representing a transaction enterprise value of approximately $525 million. As a result of the merger, PRIMEDIA’s common stock will no longer be listed for trading on the New York Stock Exchange.