This week witnessed the biggest private-equity offer in history, a buy-out of BCE, a Canadian telecoms operator, that would be worth a total of $48.5 billion.

本周，加拿大电信运营商BCE的并购案成了私募股权史上规模最大的一宗，该案总值可达485亿美元。

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WHEN a group of private-equity investors, including Edgar Bronfman, scion of a wealthy Canadian family, bought Warner Music from Time Warner in March 2004, many people thought it was a big mistake.

2004年3月，包括加拿大家族财团继承人小埃德加·布朗夫曼在内的一些私人投资者从时代华纳手中购买华纳音乐时，很多人都认为这是个大大的错误。

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Boeing has also outsourced some work in Kansas, after selling one of its main factories to a Canadian private-equity firm, from which it buys fuselage sections at lower cost than when it owned the factory.

ECONOMIST: Airbus

By 2005, Centre Partners had fully exited the business through secondary offerings, but with the business still growing three years later and an alteration of the tax implications for Canadian income trusts, the time was right to step back into the business and the private equity firm acquired Connor Bros.

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