Don’t have many details yet, but I did learn on Friday that Canadian Phone Directories, a PE-backed independent directory publisher in Canada, plans to launch a Toronto directory in competition with Yellow Pages Group, Canada’s dominant directory publisher.
CPD was formed last year after Hicks Capital acquired U.S. independent Phone Directories Corp.’s Canadian operation, installed new leadership (Olivier Vincent and John Rafferty, among others) and funded an aggressive expansion. So far, CPD has entered the Toronto market, expanded its Calgary operation and made two acquisitions — Yellow.ca and Osprey Media’s direction operations.
Toronto will be CPD’s biggest challenge. It is Canada’s largest market and one that YPG is likely to defend vigorously.