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Group completes acquisition of Q9 Networks

An investor group consisting of BCE Inc., Ontario Teachers' Pension Plan (Teachers'), Providence Equity Partners, and Madison Dearborn Partners LLC today announced the completion of its acquisition of Canadian data centre operator Q9 Networks.


October 17, 2012  


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An investor group consisting of BCE Inc., Ontario Teachers’ Pension Plan (Teachers’), Providence Equity Partners, and Madison Dearborn Partners LLC today announced the completion of its acquisition of Canadian data centre operator Q9 Networks.

Headquartered in Toronto and with 12 data centres in British Columbia, Alberta and Ontario, Q9 will continue to operate as a standalone entity managed by its existing executives, including CEO Osama Arafat and president and COO Paul Sharpe.

Of the purchase price of C$1.1 billion, Teachers’, Providence and Madison Dearborn together contributed C$430 million and Bell provided C$185 million of the equity funding. New debt financing by Q9 also funded a portion of the acquisition price.