Mitel to be bought by Searchlight-led group for $2 bln: Reuters
Canadian telecommunications gear maker Mitel Networks Corp is selling itself to an investor group led by U.S. private equity firm Searchlight Capital Partners for about US$2 billion ($2.6 billion), Reuters reported. Excluding Ottawa-based Mitel’s net debt, the deal is worth about US$1.34 billion, according to Thomson Reuters calculation. The deal is expected to close in the second half of 2018. Terry Matthews, Mitel's co-founder and chairman, said the transaction will provide Mitel with "additional flexibility as a private company to pursue the company’s move-to-the-cloud strategy.”
24 April 2018•1 min read
