Birch Hill Looking at Buying Quadrangle’s Mobilicity – Report

Canadian mid-market buyout firm Birch Hill Equity Partners is considering acquiring wireless providers Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc., and Wind Mobile, says a report by The Globe and Mail, citing unnamed sourcesThe report says the two proposed transactions are being considered in partnership with Rogers Communications Inc., and represent a “defensive strike” in anticipation of plans by U.S.-based Verizon Communications Inc. to buy the same companies. Mobilicity has been backed by U.S. private equity firm Quadrangle Capital Partners since 2008.

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