Shaw to acquire WIND Mobile for $1.6B
Shaw Communications will acquire a 100% interest in Mid-Bowline Group Corp. and its wholly-owned subsidiary, WIND Mobile Corp. for an enterprise value of approximately $1.6 billion
WIND’s Chief Executive Officer, Alek Krstajic, and his team will remain with the company and will continue to oversee the wireless business.
Mid-Bowline is owned by a consortium of investors, including funds managed by West Face Capital, Globalive Capital, Tennenbaum Capital Partners, the family office of Lawrence Guffey and certain others.
The transaction is expected to close in the first half of 2016.
PJT Partners LP acted as lead financial advisor and Davies Ward Phillips & Vineberg LLP acted as legal counsel to WIND and the Shareholders. BMO Capital Markets also acted as a financial advisor to WIND.