A Powerhouse Investor Group and Strategic Partners
The investor group behind the transaction is not limited to Blackstone alone. Joining the private equity leader are several major institutional investors, including the Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, the Public Sector Pension Investment Board, and the British Columbia Investment Management Corporation. Their participation further solidifies the deal as one of the largest telecom investments in Canada in recent years.
A Pivotal Moment for Rogers
For Rogers, this acquisition represents more than just a financial boost. The deal is a key step in its ongoing efforts to strengthen its market position, reduce debt, and unlock the true potential of its wireless infrastructure. By partnering with Blackstone and its powerful allies, Rogers gains the strategic resources needed to navigate the competitive Canadian telecom landscape.
The Kirkland & Ellis LLP team advising Blackstone included corporate partners John Pitts, Brittany Sakowitz, and Patrick Moneypenny, as well as debt finance partners Lucas Spivey and Jordan Roberts. Tax partner William Dong also played a critical role in the advisory team.
