Blackstone led investors group's C$7B equity investment in Rogers Communications Inc.
On June 20, 2025, Blackstone successfully closed its previously announced C$7 billion equity investment in Rogers Communications Inc. Under the terms of the transaction, funds managed by Blackstone and leading Canadian institutional investors have acquired a non-controlling interest in a newly established subsidiary of Rogers that owns a portion of the company’s wireless backhaul transport infrastructure.
On April 4, 2025, a group of co-investors led by Blackstone, entered into a definitive agreement for C$7 billion equity investment in a new Canadian subsidiary of Rogers Communications Inc., one of Canada's leading communications and entertainment companies.
Under the terms of the transaction, Blackstone will acquire a non-controlling interest in the new Canadian subsidiary of Rogers formed to own Rogers' wireless backhaul transport infrastructure in Ontario and Alberta.
Blackstone's co-investors include Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, the Public Sector Pension Investment Board and British Columbia Investment Management Corporation.
McCarthy Tétrault assisted a group of co-investors led by Blackstone with team led by Jonathan See, Jeremy Pleasant and Vivian Sy that includes Maxine Ethier, Haiya Peng, Charm Hu, John Piasta (Corporate), Ian Mak, Jennifer Sun (Financial Services), Grant Buchanan, Keith Rose (Technology), Jo-Anna Brimmer (Structured Finance), Michael Eldridge (Securities), Jamey Gage, Heather Meredith (Bankruptcy and Restructuring), Oliver Borgers, Alykhan Rahim (Competition/Antitrust & Foreign Investment), Patrick Pengelly (Labour and Employment), Geoff Hall, Awanish Sinha (Litigation), Raj Juneja, Camille Belanger (Tax) and Robert Glasgow (International Trade and Disputes).
