M&A Deal Summary

Searchlight Capital Partners Acquires Mitel Networks

On April 24, 2018, private equity firm Searchlight Capital Partners acquired communications company Mitel Networks Corp. for 2.0B USD

Acquisition Highlights
  • This is Searchlight Capital Partners’ 5th transaction in the Communications sector.
  • This is Searchlight Capital Partners’ 1st largest (disclosed) transaction.
  • This is Searchlight Capital Partners’ 2nd transaction in Canada.
  • This is Searchlight Capital Partners’ 2nd transaction in Ontario.

M&A Deal Summary

Date 2018-04-24
Target Mitel Networks Corp.
Sector Communications
Buyer(s) Searchlight Capital Partners
Deal Type Going Private
Deal Value 2.0B USD
Advisor(s) Jefferies LLC
National Bank Financial (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Osler, Hoskin & Harcourt LLP (Legal)

Target

Mitel Networks Corp.

Ottawa, Ontario, Canada
website
Mitel Networks Corp. is a telecommunications company providing unified communications solutions for business. Mitel Networks was founded in 1973 and is based in Ottawa, Ontario.

Search 163,065 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Searchlight Capital Partners

London, United Kingdom

website


Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in London, New York, and Toronto.


DEAL STATS #
Overall 15 of 27
Sector (Communications) 5 of 9
Type (Going Private) 1 of 2
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2018) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Global Eagle Entertainment, Inc.

Los Angeles, California, United States

Global Eagle Entertainment, Inc. is a provider of media, content, connectivity and data analytics to markets across air, sea and land. Global Eagle offers a fully integrated suite of rich media content and seamless connectivity solutions to airlines, cruise lines, commercial ships, high-end yachts, ferries and land locations worldwide. With approximately 1,500 employees and 50 offices on six continents, the Company delivers exceptional service and rapid support to a diverse customer base. Global Eagle Entertainment was founded in 2004 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Liberty Cablevision of Puerto Rico Ltd.

Luquillo, Puerto Rico

Liberty Cablevision of Puerto Rico Ltd. is a provider of television, broadband Internet, and telephony services to customers. Liberty Cablevision of Puerto Rico Ltd. was founded in 1986 and is based in Luquillo, Puerto Rico.

Sell -