Atulan Navaratnam


Atulan has led buy and sell-side deals across North America, Europe and Asia in industries such as telecom, retail and lately, software. These transactions have helped outpace organic growth, drive consolidation, enter new frontiers and diversify businesses. On the sell-side he has helped restructure and monetize assets, enhance liquidity and divest non-core and sub-scale businesses. Currently, Atulan is Vice President of M&A at Opentext, part of the team that has deployed over $4.0B in capital since late 2015. Recently, he led Opentext’s $1.4B acquisition of Carbonite Inc. and is continuously on the lookout for the next acquisition. Previously, Atulan was with George Weston where he led Loblaw’s $12.4B acquisition of Shoppers Drug Mart. Later, he successfully led its integration, delivering synergies in excess of $300M. Prior to GWL and Loblaw, Atulan worked on several transactions at Nortel, including the formation of the LG-Nortel Joint-Venture in South Korea (presently Ericsson-LG) and the sale of Nortel’s extraordinary patent portfolio for an unprecedented $4.5B. Atulan is an avid reader, mountain biker and listener of live and recorded music.

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