Francisco Partners sells part of Mitel interest in $91 mln secondary
Mitel Networks Corp (TSX: MNW) (Nasdaq: MITL), a provider of business communications and collaboration software and services, has agreed with selling investors to commence a secondary offering of 7.4 million common shares priced at $12.30 per share, or $91 million in total. One of the sellers is U.S. private equity firm Francisco Partners, which took a stake in the company in 2007. The offering is expected to close on or about May 28. Last January, the Ottawa-based Mitel completed its $400 million acquisition of enterprise communications company Aastra Technologies Ltd.
14 May 2014•3 mins read
