Telesat owner Loral hires Perella to advise board on sale - Reuters
Loral Space & Communications Inc (LORL.O) has hired Perella Weinberg Partners to advise its directors as it explores a potential sale of the company, people close to the matter told Reuters. Reuters reported in January that Loral, which holds a majority stake in Canadian satellite communication services company Telesat Holdings Inc, is working with Credit Suisse Group AG to find a buyer. Public Sector Pension Investment Board holds 66.7 percent of the voting power in the company. Parties that have expressed interest include private equity firms Carlyle Group LP, KKR Co & LP, Apax Partners and Onex Corp, as well as the Canada Pension Plan Investment Board and the Ontario Teachers Pension Plan.
4 March 2014•3 mins read
