M&A Deal Summary

BCE Acquires CTV

On September 10, 2010, BCE acquired media company CTV from Ontario Teachers Pension Plan and The Woodbridge for 1.3B USD

Acquisition Highlights
  • This is BCE’s 1st transaction in the Media sector.
  • This is BCE’s 4th largest (disclosed) transaction.
  • This is BCE’s 2nd transaction in Canada.
  • This is BCE’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2010-09-10
Target CTV
Sector Media
Buyer(s) BCE
Sellers(s) Ontario Teachers Pension Plan
The Woodbridge
Deal Type Divestiture
Deal Value 1.3B USD

Target

CTV

Toronto, Ontario, Canada
CTV Ltd. is a provider of television broadcast networking services in Canada.

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Buyer(S) 1

Buyer

BCE

Verdun, Quebec, Canada

Category Company
Founded 1880
Sector Communications
Employees45,132
Revenue 24.7B CAD (2023)
DESCRIPTION

BCE is Canada's largest communications company, providing a comprehensive and innovative suite of broadband communication services to residential and business customers in Canada. BCE was incorporated in 1880 and is based in Verdun, Canada.


DEAL STATS #
Overall 2 of 13
Sector (Media) 1 of 2
Type (Divestiture) 1 of 1
State (Ontario) 2 of 5
Country (Canada) 2 of 12
Year (2010) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-18 Telesat

Ottawa, Ontario, Canada

Telesat is a global satellite operator that provides technical consultation and support services to satellite operators, insurers, and other industry stakeholders around the globe. Telesat is based in Ottawa, Ontario.

Sell CA$3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-16 Astral Media

Montreal, Quebec, Canada

Astral Media, Inc. is an Canadian media company, active in specialty, pay and pay-per-view television, radio and outdoor advertising. Astral Media’s solid and dynamic presence in the country’s major markets rests on its commitment to offer a unique combination of high-quality, targeted media for all its audiences.

Buy $3.4B

Seller(S) 2

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 9 of 72
Sector (Media) 1 of 2
Type (Divestiture) 1 of 3
State (Ontario) 2 of 6
Country (Canada) 2 of 11
Year (2010) 2 of 3
Size (of disclosed) 10 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-19 Syneos Health

Morrisville, North Carolina, United States

Syneos Health is a fully integrated biopharmaceutical solutions organization built to accelerate customer success. Syneos Health translate unique clinical, medical affairs and commercial insights into outcomes to address modern market realities. Syneos Health was founded in 2010 and is based in Morrisville, North Carolina.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 GCAN Insurance

Montreal, Quebec, Canada

GCAN Insurance Co. is a large risks and specialty commercial line property and casualty insurance, offering a range of products including property, liability and auto with a balanced portfolio by line of business and geography.

Sell CA$420M
SELLER

The Woodbridge

Toronto, Ontario, Canada

Category Company
Sector Financial Services
DESCRIPTION

The Woodbridge Co., Ltd. is a investment holding company.


DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-12 Jane s Information Group

Croydon, United Kingdom

Jane's Information Group is a provider of open-source intelligence, providing timely information and data for the aerospace, defense and security industries. Jane's Information Group is based in Croydon, United Kingdom.

Sell -