Kirkland Advised Blackstone On CDN$7 Billion Investment In Rogers Communications
Kirkland Advised Blackstone On CDN$7 Billion Investment In Rogers Communications
Kirkland & Ellis advised Blackstone in a transaction whereby funds managed by Blackstone and leading Canadian institutional investors have entered into a definitive agreement for an approximately CDN$7 billion equity investment in a subsidiary of Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) formed to own Rogers’ wireless backhaul transport infrastructure in Ontario and Alberta. The investor group led by Blackstone includes Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, the Public Sector Pension Investment Board, and British Columbia Investment Management Corporation. Subject to satisfaction or waiver of all closing conditions, the transaction is expected to close in the second quarter of 2025.
The Kirkland team included John Pitts (Corporate Partner), Brittany Sakowitz (Corporate Associate), and Patrick Moneypenny (Corporate Associate); Lucas Spivey (Debt Finance Partner) and Jordan Roberts (Debt Finance Associate); and Bill Dong (Tax Partner) and David Gilbert (Tax Associate).
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