Mitel to Be Acquired by Affiliates of Searchlight Capital for $2 Billion

Paul, Weiss is representing global leader in business communications Mitel Networks Corporation in its acquisition by an investor group led by affiliates of Searchlight Capital Partners, L.P. in an all-cash transaction valued at approximately $2 billion. Under the terms of the agreement, Mitel shareholders will receive $11.15 per common share in cash. Upon completion of the transaction, Mitel will become a privately held company. The agreement includes a 45-day go-shop period, which permits Mitel’s Board of Directors and advisors to actively solicit, evaluate and potentially enter into negotiations with parties that make alternative acquisition proposals through June 7, 2018.

The Paul, Weiss team included, among others, corporate partners Ross Fieldston, Adam Givertz and Brian Kim and counsel Stephen Centa; intellectual property counsel Jonathan Ashtor; litigation partner Andrew Gordon; and tax partner Scott Sontag and counsel Alyssa Wolpin.