M&A Deal Summary

TELUS Acquires Mobile Klinik

On July 2, 2020, TELUS acquired business services company Mobile Klinik from Kensington Capital Partners and Canadian Business Growth Fund

Acquisition Highlights
  • This is TELUS’s 2nd transaction in the Business Services sector.
  • This is TELUS’s 16th transaction in Canada.
  • This is TELUS’s 8th transaction in Ontario.

M&A Deal Summary
Date 2020-07-02
Target Mobile Klinik
Sector Business Services
Buyer(s) TELUS
Sellers(s) Kensington Capital Partners
Canadian Business Growth Fund
Deal Type Add-on Acquisition

Target

Mobile Klinik

Ottawa, Ontario, Canada
Mobile Service Center Canada Ltd. is a chain of professional smartphone repair stores operating under the ‘Mobile Klinik’ brand specializing in immediate repair of mobile phones and tablets for consumers with a swift, high quality and standardized service level. Mobile Service Center Canada was founded in 2015 and is based in Ottawa, Ontario.

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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 17 of 20
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 16 of 19
State (Ontario) 8 of 10
Country (Canada) 16 of 18
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 CCC

Vienna, Austria

CCC provides customers with care and BPO solutions with 18 locations in eight countries. The company draws on 19 years of experience in handling incoming calls, outgoing campaigns, written customer communication via e-mail, chat, and social media, as well as back-office activities. CCC was founded in 1998 and is based in Vienna, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Blacksmith Applications

Lawrence, Massachusetts, United States

Blacksmith Applications is a provider of trade promotion and pricing management software solutions to consumer product companies in the retail, food service, and convenience store markets. Blacksmith Applications is based in Lawrence, Massachusetts.

Buy $275M

Seller(S) 2

SELLER

Kensington Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 2.8B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Kensington Capital Partners is a Canadian alternative asset manager focused on hedge funds, private equity, and infrastructure assets. Kensington makes private equity investments through its fund-of-funds and direct co-investment programs. Kensington Capital was formed in 1996 and is based in Toronto.

DEAL STATS #
Overall 5 of 8
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Ontario) 3 of 3
Country (Canada) 3 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 Echodyne

Kirkland, Washington, United States

Echodyne designs and builds advanced radar solutions that unlock new capabilities for intelligent systems and autonomous machines and shatter price-performance barriers for sensor arrays. Echodyne was founded in 2014 and is based in Kirkland, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Mint Smartwash

Calgary, Alberta, Canada

Mint Smartwash is a developer and operator of high-volume express car wash tunnels utilizing state-of-the-art technology to deliver superior value to its customers. In comparison to alternatives, Mint offers faster wash times, a superior water reclamation process that recycles up to 80% of wash water and employs the use of environmentally friendly soaps, polishes, and waxes during the process. Mint Smartwash was founded in 2015 and is based in Calgary, Alberta.

Buy -
SELLER

Canadian Business Growth Fund

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2018
PE ASSETS 545M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Ontario) 1 of 4
Country (Canada) 1 of 5
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 Librestream

Winnipeg, Manitoba, Canada

Librestream specializes in digital transformation technologies, helping remote workers to collaborate in the industrial services and healthcare sector. Librestream’s platform enables remote workers to connect and communicate with industry experts and colleagues to rapidly diagnose, inspect, and maintain assets from anywhere in the world. Librestream was founded in 2003 and is based in Winnipeg, Manitoba.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Busbud

Montreal, Quebec, Canada

Busbud enables global travelers to shop for and purchase intercity bus tickets through its booking platform in over 80 countries worldwide, with over 3,900 bus operator partners, serving over 20,000 cities. The company simplifies the way travelers can research, shop for, compare and purchase bus tickets online in the same way they do flights, hotels and tours. Busbud is based in Montreal, Quebec.

Buy -
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