Bell Canada

A huge private equity telecom operator acquisition - Teachers Private Capital, Providence Equity Partners and Madison Dearbon in an all cash deal valued at $48.5 billion. Some facts:
The share price is at a 40% premium to the average share price over the first quarter of 2007
For the deal, $15.9 billion is in debt, preferred stock and minority interest
The purchase price is at 7.8 times EBITDA for the next 12 months till March

Providence has $21 billion in assets under management with investments in about 100 companies. Madison, meanwhile, has $14 billion assets under management with investments in about 200 companies. Of this, $6.5 billion was raised in their 5th fund last year.

Now, comparing this with the AT&T acquisition of Bell South: The acquisition value was $ 72.6 billion. Key difference - it was an all stock swap deal. The value - 8.7 times EBITDA.