Canadian investment giant Brookfield Asset Management is taking a major stake in Irish entrepreneur Sean Bolger’s Imagine Communications wireless broadband group, in a deal which values it at close to €200 million, it is understood. It revealed that “sole control” of Imagine is proposed to be bought by a newly-established UK entity, BCP IV Telecommunications. It is understood that BCP is proposing to take a majority stake in Imagine of just over 50 per cent of the group. BCP is thought to involve a partnership between Brookfield and existing investors in Imagine, including Mr Bolger and his business partner Brian O’Donoghue. It is envisaged that Imagine will embark upon a significant period of investment, both in Ireland and overseas.

Source: The Irish Times May 11, 2018 04:29 UTC