Telecon Gets a Boost of Capital
On July 13, 2017, Montreal-based Telecon Inc., a telecommunication network services provider, revealed that it raised $70 million in equity financing. The financing was led by Canadian private equity firm Clearspring Capital Partners, which is getting a 35% stake in Telecon. Caisse de dépôt et placement du Québec (CDPQ) is maintain a 30% ownership stake in Telecon, also participated in the equity raise. In addition, select people of Telecon’s senior leadership team also participated in the equity round.
Telecon Inc. has received investment from CDPQ and Capital régional et coopératif Desjardins (CRCD) since 2011. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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