Five private equity firms are reportedly considering making bids for Canadian satellite company Telesat Holdings.
KKR, Apax and Canada’s Onex Corp are interested in the company, said Bloomberg, citing people with knowledge of the matter. Carlyle and Canada Pension Plan Investment Board are also weighing bids for Telesat, according to the report.
Telesat is currently owned by Loral Space & Communications and Canadian Public Sector Pension Investment Board (PSPIB), which are looking to sell the company for $6.5bn and a deal could be completed by April.
Any deal would require both owners to sell, said the sources.
Private equity firms considered making offers for Telesat when it ran a failed auction in 2011 and the company is already priced for a sale, according to the report.
Loral and PSPIB are expected to receive one or two offers in March, said the people.
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