M&A Deal Summary

TELUS Acquires Clearnet Communications

On October 20, 2000, TELUS acquired communications company Clearnet Communications from Madison Dearborn Partners for 4.6B CAD

Acquisition Highlights
  • This is TELUS’s 1st transaction in the Communications sector.
  • This is TELUS’s 0th largest (disclosed) transaction.
  • This is TELUS’s 1st transaction in Canada.

M&A Deal Summary
Date 2000-10-20
Target Clearnet Communications
Sector Communications
Buyer(s) TELUS
Sellers(s) Madison Dearborn Partners
Deal Type Add-on Acquisition
Deal Value 4.6B CAD

Target

Clearnet Communications

Toronto, Canada
Clearnet was a leading Canadian wireless communications company that operated three separate national wireless networks: digital Clearnet PCS, The Mike Network based on enhanced specialized mobile radio, and analogue dispatch communication services.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada
Category Company
Founded 1993
Sector Communications
Employees106,400
Revenue 20.0B CAD (2023)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 1 of 20
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 1 of 19
Country (Canada) 1 of 18
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-31 Arqana Technologies

Quebec, Canada

Arqana Technologies is an information technology infrastructure solutions provider. Arqana provides consultation and deployment of local and wide-area networks, enterprise servers, storage devices and information security and management tools.

Buy -

Seller(S) 1

SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 74
Sector (Communications) 4 of 10
Type (Add-on Acquisition) 4 of 34
Country (Canada) 1 of 4
Year (2000) 3 of 3
Size (of disclosed) 4 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-12 Pax Clearing

Chicago, Illinois, United States

Pax Clearing Corp. is a full-service options, stock and futures clearing firm.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 LA Fitness International

Irvine, California, United States

LA Fitness is a operator of full-service fitness clubs and currently serves over 1,000,000 members in over 275 clubs from New York to California. Clubs range in size from 20,000 to 60,000 square feet and typically offer access to circuit training equipment, free weights, cardiovascular equipment, aerobics programs, swimming pools, whirlpools, saunas and steam rooms, as well as racquetball and basketball courts.

Buy -
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