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Transaction/Case Details

Telecon closes a C$70M Equity Financing with Clearspring Capital Partners

DATE CLOSED

July 10, 2017

BUSINESS SECTOR

Communications

LEAD OFFICE

Montreal

VALUE

70 Million CAD


OVERVIEW

On July 10, 2017  Telecon Inc. closed a C$70 million equity financing to support its continued growth as a leading provider of telecommunication network services in Canada. The transaction was led by Clearspring Capital Partners ("Clearspring") who will become a 35% shareholder of the company. Caisse de dépôt et placement du Québec ("Caisse"),  who will maintain their 30% ownership in Telecon, and members of Telecon's senior leadership team also  participated in the financing.

Clearspring is a leading Canadian private equity firm with a disciplined operational and financial focus on helping mid-market companies grow as leaders in their respective industries. Clearspring's investment strategy is premised on partnering with businesses that hold a strong competitive positioning, a solid financial track record, actionable growth strategies and an industry-leading management team.

McCarthy Tétrault LLP advised Clearspring with a team led by Karl Tabbakh, and Philippe Fortier that included Hadrien Montagne, Cristel Chabot-Lapointe, Véronique Harvey-Bertrand, Martin Thiboutot (Business), Véronique Wattiez Larose (Intellectual Property), Diana Theophilopoulos, Marie-Pier Gosselin (Real Property & Planning),Dominic Thérien (Competition/Antitrust), Monique Ronning (Pensions & Benefits), Dominique Amyot-Bilodeau (Environmental), Christian Meighen, and Angelo Discepola (Tax).

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