OTPP Preferred Bidder for Busy Bees from Junk Bond King
Posted on 09/19/2013
The Ontario Teachers’ Pension Plan (OTPP) is in advanced discussions with Michael Milken (often referred to as the junk bond king) to acquire his and his brother’s stake in UK-based nursery operator Busy Bees. The deal is valued at £220 million. The cross-border purchase would represent a burgeoning trend among Canadian institutional investors of bypassing […]
