Many Investors Gain Exit Opportunities From Public Mobile's Sale
The sale of Toronto-based wireless carrier Public Mobile Inc. for an undisclosed sum to Thomvest Seed Capital and Cartesian Capital provided exit opportunities to a number of Canadian and U.S. private equity and venture capital firms. Around the time of the company's founding in 2008, its backers included Charles River Ventures, Columbia Capital, Ignition Partners, M/C Venture Partners, Rho Canada Ventures, Rho Ventures, and alternative assets manager Kensington Capital Partners. OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System, also took a stake in the company in 2009.
7 June 2013•3 mins read
