IPO • Communications

PSP Investments and Loral Space & Communications Exits Telesat

On November 19, 2021, invested in communications company Telesat from PSP Investments and Loral Space & Communications

Investment Context
  • This is transaction in the Communications sector.
  • This is transaction in Canada.
  • This is transaction in Ontario.

Explore All 87 IPO Communications Deals - Search the Database Free


Investment Summary

Date November 19, 2021
Target Telesat
Sector Communications
Sellers(s) PSP Investments
Loral Space & Communications
Deal Type IPO

Target Company

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.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Seller Profiles 2

SELLER

PSP Investments

Investor Investor Investor Investor Investor


Category Pension
Founded 1999
PE ASSETS 299.7B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.


Deal Context for Seller #
Overall 5 of 9
Sector: Communications 1 of 1
Type: IPO 1 of 2
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2021 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-03 Angel Trains

London, United Kingdom

Angel Trains is an operator of UK passenger rolling stock leasing companies created as part of the privatization of the UK railways, comprising approximately 3,600 electric and diesel railway engines and carriages. Angel Trains was founded in 1994 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 Spark Infrastructure

Barangaroo, Australia

Spark Infrastructure owns and manages a portfolio of electricity infrastructure assets. Spark Infrastructure was founded in 2005 and is based in Barangaroo, Australia.

Buy AU$5.2B
SELLER

Loral Space & Communications

New York, New York, United States

Category Company
Founded 1996
Sector Communications
DESCRIPTION

Loral Space & Communications is a satellite communications company engaged, through ownership interests in affiliates, in satellite-based communications services. Loral Space & Communications was founded in 1996 and is based in New York City.


Deal Context for Seller #
Overall 1 of 1
Sector: Communications 1 of 1
Type: IPO 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2021 1 of 1
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.

Buy CA$3.3B

Explore Related M&A Activity