Telecon closes a C$70M Equity Financing with Clearspring Capital Partners
Summary
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 d\xe9p\xf4t et placement du Qu\xe9bec ("Caisse"), who will maintain their 30% ownership in Telecon, and members of Telecons 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. Clearsprings 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 T\xe9trault LLP advised Clearspring with a team led by Karl Tabbakh and Philippe Fortier that included Hadrien Montagne, Cristel Chabot-Lapointe, V\xe9ronique Harvey-Bertrand, Martin Thiboutot (Business), V\xe9ronique Wattiez Larose (Intellectual Property), Diana Theophilopoulos, Marie-Pier Gosselin (Real Property & Planning), Dominic Th\xe9rien (Competition/Antitrust), Monique Ronning (Pensions & Benefits), Dominique Amyot-Bilodeau (Environmental), Christian Meighen and Angelo Discepola (Tax).