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Announced

Completed

Stonepeak completed the acquisition of Xplornet Communications from Sandler Capital and Catalyst Investors for $2bn.

Financials

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Transaction Value£1,595m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Mobile

Majority

Internet

internet services

Acquisition

Single Bidder

Canada

mobile network

Private

Friendly

Completed

Disposal

Cross Border

Synopsis

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Stonepeak Infrastructure Partners, an infrastructure-focused private equity firm, completed the acquisition of Xplornet Communications, a Canadian rural internet service provider and mobile network operator, from Sandler Capital, an alternative asset management firm, and Catalyst Investors, a growth equity venture capital firm, for $2bn. "We are excited that Stonepeak has agreed to acquire Xplornet and is strongly committed to continuing our mission of providing rural Canadians with world-class broadband services. Stonepeak's investment will position Xplornet to accelerate development of our facilities-based broadband network and services, enabling much faster speeds, including unlimited data plans at affordable prices for rural Canada," Allison Lenehan, Xplornet President and CEO.

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