PE-owned broadband provider Xplornet explores sale: Reuters
Canadian privately-held broadband provider Xplornet Communications Inc has hired two investment banks to explore a potential sale that could value the company at $2 billion, including debt, sources told Reuters. Xplornet, based in Woodstock, New Brunswick, is working with UBS Group AG and Bank of Montreal to assist it in the sales process. The process, which is in its early stages, could attract interest from private equity firms and infrastructure funds, the sources said. Xplornet’s private owners include U.S. private equity firms Sandler Capital Management and Catalyst Investors. It has also been backed by Canadian family office Werklund Capital Corp.
22 March 2018•2 mins read
