client login
Username
Remember Me
Forgot Password
Password

The Kelsey Report® Advisory

KKR to Acquire Bell ActiMedia for C$3 Billion
Charles Laughlin , 9/16/2002

Issue: BCE Sells Unit to Fund Stock Buyback from SBC

News: Bell Canada Enterprises (BCE) has sold 90 percent of its Bell ActiMedia (BAI) directory publishing division to an investment partnership of Kohlberg Kravis & Roberts (KKR) and the Teachers' Merchant Bank for C$3 billion (US$1.9 billion). When the sale is completed, KKR will own 60 percent of the asset, Teachers' will own 30 percent, and the remaining 10 percent will remain the property of BCE. The parties expect the transaction to close in November. TKG estimates the transaction is valued at 10.3 times earnings before interest, taxes, depreciation and amortization (EBITDA).

Copyright � 2005 The Kelsey Group. All Rights Reserved.
This published material is for internal client use only. It may not be duplicated or distributed in any manner not permitted by contract. Any unauthorized distribution could result in termination of the client relationship, fines and other civil or criminal penalties under Federal law. The Kelsey Group disclaims all warranties regarding the accuracy of the information herein and similarly disclaims any liability for direct, indirect or consequential damages that may result from the use or interpretation of this information.

Learn more about:

TKG clients

Summaries of White Papers and Advisories

What TKG clients receive

 

The Kelsey Group, Inc., 600 Executive Drive, Princeton, NJ 08540-1528
Tel: (609) 921-7200 Fax: (609) 921-2112 E-Mail: [email protected]
Copyright© 2006 The Kelsey Group. All Rights Reserved.