Telus Corp, one of Canada's dominant telecom providers, has reached a new agreement to acquire struggling wireless startup Mobilicity, in a renewed bid to overcome government objections on competition grounds, reports Reuters. Mobilicity said that it agreed to be acquired by Telus for $350 million and that a court-appointed monitor has recommended the transaction. The deal is still subject to government approval. The Toronto-based Mobilicity has been backed by U.S. private equity firm Quadrangle Capital Partners since 2008.
2 min read · 21 April 2014
1 min read · 21 April 2014
What does a turnaround shop do when there just aren’t that many companies to turn around out there?
5 min read · 21 April 2014
3 min read · 21 April 2014
3 min read · 21 April 2014
2 min read · 21 April 2014
3 min read · 21 April 2014
2 min read · 21 April 2014
Acts of bribery, fraud and corruption are as old as human history. And as tactics by people committing such acts adapt and change, so do initiatives by public authorities to curb abuses. As Canadian and U.S. private equity and venture funds have become increasingly active in global deal-making, they need to be more aware of bribery and corruption issues abroad. And investors need to take steps to ensure that they and their investee companies are not in violation of laws concerning the corruption of foreign public officials.
5 min read · 20 April 2014
Callidus Capital, a Toronto-based provider of asset-based loans for companies and an affiliate of Catalyst Capital, announced this week that it has filed a final prospectus in conjunction with its $252 million initial public offering. Callidus previously announced the transaction in March.
3 min read · 17 April 2014
