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West Face Group Poised for Sixfold Return on Wind Sale to Shaw

  • C$1.6 billion purchase follows C$260 million investment
  • Backers include West Face, Tennenbaum Capital, Globalive

West Face Capital Inc. and other funds stand to make about a sixfold return on their investment in Wind Mobile Corp. with the sale of the Canadian wireless operator to Shaw Communications Inc. for C$1.6-billion ($1.2 billion), according to people familiar with the matter.

A group led by West Face Capital, a Toronto-based hedge fund, agreed to recapitalize Wind in September 2014 and has invested about C$260 million in 14 months, the people said. The group, known as Mid-Bowline Group Corp., includes Tennenbaum Capital Partners, the family office of Lawrence Guffey, and Wind founder Anthony Lacavera’s Globalive Capital.