Caisse de dépôt Provides Financing for Cogeco's Buy of PEER 1
Canadian pension fund manager the Caisse de dépôt et placement du Québec has extended a C$50 million term loan to Cogeco Cable Inc. that will assist in the company's purchase of PEER 1 Network Enterprises Inc., a Vancouver-based internet infrastructure supplier specializing in managed hosting and cloud services. The recently-closed PEER 1 acquisition, valued at C$635 million, provided the Canadian private equity firm Clairvest Group with an exit, generating an internal rate of return of 40%. Clairvest first invested in the company in 2009.
31 January 2013•3 mins read
