M&A Deal Summary

Searchlight Capital Partners Acquires Mitel

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

Acquisition Highlights
  • This is Searchlight Capital Partners’ 6th transaction in the Communications sector.
  • This is Searchlight Capital Partners’ largest (disclosed) transaction.
  • This is Searchlight Capital Partners’ 3rd transaction in Canada.
  • This is Searchlight Capital Partners’ 3rd transaction in Ontario.

M&A Deal Summary
Date 2018-04-24
Target Mitel
Sector Communications
Buyer(s) Searchlight Capital Partners
Deal Type Going Private
Deal Value 2.0B USD
Advisor(s) Jefferies
National Bank Financial (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison
Osler (Legal)

Target

Mitel

Ottawa, Ontario, Canada
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.

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Buyer(S) 1

Buyer

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-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 New York, London, and Toronto.

DEAL STATS #
Overall 17 of 39
Sector (Communications) 6 of 12
Type (Going Private) 1 of 6
State (Ontario) 3 of 3
Country (Canada) 3 of 3
Year (2018) 3 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Anuvu

Santa Ana, California, United States

Anuvu is a provider of media, content, connectivity, and data analytics to markets across air, sea and land. Anuvu 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. The Company delivers exceptional service and rapid support to a diverse customer base. Global Eagle Entertainment was founded in 2004 and is based in Santa Ana, California.

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

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 -
Mergr

Product

Company

Legal