Shaw ties up $1.6 bln acquisition of PE-backed Wind Mobile
Shaw Communications Inc (TSX: SJR.B) has closed its previously announced buy of the parent of Wind Mobile Corp, a Toronto-based wireless services company, for about $1.6 billion. Shaw said the acquisition will allow it to become "a leading pure-play connectivity provider." The deal also provides an exit to Wind's Canadian and U.S. private equity investors, which helped to finance Globalive Capital's purchase of Vimpelcom Ltd‘s stake in the company in 2014. They include LG Capital Investors, Serruya Private Equity, Tennenbaum Capital Partners and West Face Capital.
2 March 2016•3 mins read
