it's all in the merger proxy, but OPCO ownership is something like this: Baron Capital 16% for $8MM cash; Sodexho 16% for $8MM cash; PZN 9.5%; CCA wardens 8.5%; CCA & PZN executives 50%. Somewhere there is a list of the executives and how much stock they got, but I couldn't find it again very readily. The wardens were told their stock (vesting in 5 yrs) would make them all millionaires. The executives, I believe, had to pay tax on their stock (CCA took a 4th quarter charge for the implied value of $26MM that they received).
OPCO's transparency is no longer an issue - required as part of bond deal. If you are a PZN shareholder, or a lender to PZN, you want OPCO to be controlled as much as possible by PZN. I still don't know where Sundowner gets this nonsense about a strategic investor for OPCO. I'm with RP. If it happens, I think I'll sue.