Mitel - M&A Summary, Ownership, and Business Overview

CommunicationsCompany

Mitel M&A Summary

Mitel has acquired 7 companies of its own, including 1 in the last 5 years. It has also divested 2 assets.

Mitel’s largest acquisition to date was in 2013, when it acquired Aastra Technologies for $1.1B. It’s largest disclosed sale occurred in 2016, when it sold Mitel Mobility to Xura for $350M. Mitel has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include software (58%) and technology hardware (29%).

Mitel Ownership

Who owns Mitel?

Mitel is owned by Searchlight Capital Partners. It was acquired on April 24, 2018.

Is Mitel PE-backed?

Yes. Mitel is owned by private equity investor Searchlight Capital Partners.

Was Mitel formerly PE-backed?

Yes. Mitel was formerly owned by 2 private investors.

Mitel Business Overview

Where is Mitel headquartered?

Mitel is headquartered in Ottawa, Ontario.

What is Mitel’s revenue?

Mitel disclosed revenue of 1,059M USD for 2017 and 988M USD for 2016.

What sector is Mitel in?

Mitel is a communications company.

When was Mitel founded?

Mitel was founded in 1973.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

Mitel

Mitel Networks Corp.

350 Legget Drive, Kanata,
Ottawa, Ontario K2K 2M7
Canada,
(613) 592-2122
www.mitel.com

Mitel is a telecommunications company providing voice and unified communications services, with market-leading positions in unified communications-as-a-service (“UCaaS”) and customer-owned solutions. Mitel was founded in 1973 and is based in Ottawa, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 - - - 1 - 7
vol $2.1B $2.1B
Sell (0.2/yr) # 1 - 1 - - - 2
vol $350M $350M
  9

Most Recent M&A

Company Date Value Type
Unify, Inc. 2023-01-24 - Divestiture
Boca Raton, Florida · www.unify.com
Telepo AB 2021-06-21 - Divestiture
Stockholm, Sweden
ShoreTel, Inc. 2017-07-27 430M USD Add-on Acquisition
Sunnyvale, California · www.shoretel.com
Mitel Mobility, Inc. 2016-12-19 350M USD Divestiture
, United States
TigerTMS Ltd. 2015-06-01 - Add-on Acquisition
Ringwood, United Kingdom · www.tigertms.com
Mitel Mobility, Inc. 2015-03-02 560M USD Merger
, United States
Computer Telephony Solutions, Inc. 2014-03-04 - Add-on Acquisition
Tempe, Arizona · www.oaisys.com
Aastra Technologies Ltd. 2013-11-11 1.1B USD Merger
Concord, Ontario · www.aastra.com
prairieFyre Software, Inc. 2013-06-17 - Add-on Acquisition
Ottawa, Ontario · www.prairiefyre.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Aastra Technologies Ltd.    - Aastra Digital Video 2006-05-23 1
Concord, Ontario · www.aastra.com Bridgewater, New Jersey

M&A by Sector

Sector Buy # Value Sell # Value
Software 4 (57%) - - -
Technology Hardware 2 (29%) 1.5B (73%) - -
Information Technology 1 (14%) 560M (27%) 1 (50%) 350M (100%)
Internet Software and Services - - 1 (50%) -
Total 7 $2.1B 2 $350M

By Geo

State/Country Buy Value Sell Value
United States 4 990M 1 350M
  Florida 1 - - -
  California 1 430M - -
  Arizona 1 - - -
Canada 2 1.1B - -
  Ontario 2 1.1B - -
Sweden - - 1 -
United Kingdom 1 - - -
Domestic 2 (29%) 1.1B (53%) - -
Cross-border 5 (71%) 990M (47%) 2 (100%) 350M (100%)
Total 7 $2.1B 2 $350M

Top M&A Advisors

Financial Deals
BofA Securities
1
Jefferies
1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
2
Osler
2

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 2 $990M
TOTAL $2.1B
Largest Aastra Technologies Ltd.
$1.1B (2013-11-11)
sell # Total
$100M to $1B 1 $350M
TOTAL $350M
Largest Mitel Mobility, Inc.
$350M (2016-12-19)

M&A Connections

Deals
Acquired from
Strategic(s)
14%
1 (14%)
Divested to
Strategic(s)
100%
2 (100%)

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