Telecon closes a C$70M Equity Financing with Clearspring Capital Partners
July 10, 2017
70.00 Million CAD
On July 10, 2017 Telecon Inc. closed a C$70 million equity financing to support its continued growth as a leading provider of telecommunication network services in Canada. The transaction was led by Clearspring Capital Partners ("Clearspring") who will become a 35% shareholder of the company. Caisse de dépôt et placement du Québec ("Caisse"), who will maintain their 30% ownership in Telecon, and members of Telecon's senior leadership team also participated in the financing.
Clearspring is a leading Canadian private equity firm with a disciplined operational and financial focus on helping mid-market companies grow as leaders in their respective industries. Clearspring's investment strategy is premised on partnering with businesses that hold a strong competitive positioning, a solid financial track record, actionable growth strategies and an industry-leading management team.
McCarthy Tétrault LLP advised Clearspring with a team led by Karl Tabbakh and Philippe Fortier that included Hadrien Montagne, Cristel Chabot-Lapointe, Véronique Harvey-Bertrand, Martin Thiboutot (Business), Véronique Wattiez Larose (Intellectual Property), Diana Theophilopoulos, Marie-Pier Gosselin (Real Property & Planning), Dominic Thérien (Competition/Antitrust), Monique Ronning (Pensions & Benefits), Dominique Amyot-Bilodeau (Environmental), Christian Meighen and Angelo Discepola (Tax).