Searchlight completes take-private buyout of Mitel
Summary
Searchlight Capital Partners has closed its previously announced take-private acquisition of Ottawa-based Mitel , a provider of business communications, for $11.15 per share in cash.OTTAWA, Nov. 30, 2018 — Mitel® (Nasdaq: MITL) (TSX:MNW), a global leader in business communications, and Searchlight Capital Partners, L.P. (“Searchlight”) today announced the successful completion of the previously announced transaction (the “Transaction”) in which affiliates of funds advised by Searchlight acquired all of the outstanding common shares of Mitel (the “Shares”) for US$11.15 per share in cash, without interest and less any applicable withholding taxes.Shareholders who have questions or require assistance with submitting their shares in connection with the Transaction may direct their questions to Computershare Trust Company of Canada, which is acting as depositary in connection with the Transaction, by telephone at 1 (800) 564-6253 (toll free in North America) or by email at [email protected]Searchlight is a global private investment firm with offices in New York, London and Toronto.Searchlight seeks to invest in businesses where their long-term capital and strategic support accelerate value creation for all stakeholders.
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