Buyouts are Back: Madison Dearborn Leads Purchase of Bell Canada
Bernard Simon
6 July 2008
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The closely watched buy-out of BCE, the Montreal telecommunications group, is set to proceed with its key terms intact following an agreement, announced on Friday between the purchasers and a group of banks to provide financing for the $34bn deal.
The transaction, led by the Ontario Teachers Pension Plan and two US private-equity firms, Providence Equity and Madison Dearborn, is the biggest leveraged buy-out in history.
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