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Mitel to be Acquired by Investor group for $2 billion Cash

April 24th, 2018 – Mitel®, a leading unified communications solutions provider for businesses, today announced that it has entered into a definitive arrangement agreement to be acquired by an Investor group led by affiliates of Searchlight Capital Partners.

This deal will be an all-cash transaction valued at $2 billion, including Mitel’s net debt. The transaction is expected to be complete in late 2018.  

Searchlight is a private investment firm with investments in North America and Europe. The purpose of this acquisition is to seek out a partnership for its funds with leading corporations to enhance value of its capital and strategic support.

Upon completion of the acquisition, Mitel will transit into a privately held company, which will provide Mitel with additional flexibility to accelerate its strategy of moving to the Cloud.

“This transaction is an exciting next step in our multi-year transformation that has enabled Mitel to emerge as an industry leader in the largest markets in the world. As a private company, and with the strategic and capital support of the Searchlight funds, we will have greater flexibility to manage the transition in our market, accelerate our strategy, and drive the next phase of success for our customers, partners, and employees,” said Mitel CEO, Rich McBee.

The post Mitel to be Acquired by Investor group for $2 billion Cash appeared first on VoIP Insider.



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Mitel to be Acquired by Investor group for $2 billion Cash

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