{"id":266303,"date":"2018-04-24T11:39:36","date_gmt":"2018-04-24T15:39:36","guid":{"rendered":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/?p=266303"},"modified":"2018-04-24T11:54:23","modified_gmt":"2018-04-24T15:54:23","slug":"mitel-acquired-investor-group-2-billion-cash","status":"publish","type":"post","link":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/mitel-acquired-investor-group-2-billion-cash\/","title":{"rendered":"Mitel to be Acquired by Investor group for $2 billion Cash"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">April 24th, 2018 &#8211; <a href=\"\/manufacturer\/mitel\">Mitel<\/a><\/span><span style=\"font-weight: 400;\">\u00ae, a leading unified communications solutions provider for businesses, today announced that it has entered into a definitive arrangement agreement to be acquired by an investor group led by affiliates of Searchlight Capital Partners. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This deal will be an all-cash transaction valued at $2 billion, including Mitel\u2019s net debt. The <img loading=\"lazy\" decoding=\"async\" class=\" wp-image-266353 alignright\" src=\"https:\/\/www.voipsupply.com\/blog\/voip-insider\/files\/2018\/04\/mitel-news.png\" alt=\"\" width=\"252\" height=\"126\" srcset=\"https:\/\/www.voipsupply.com\/blog\/voip-insider\/files\/2018\/04\/mitel-news.png 1024w, https:\/\/www.voipsupply.com\/blog\/voip-insider\/files\/2018\/04\/mitel-news-150x75.png 150w, https:\/\/www.voipsupply.com\/blog\/voip-insider\/files\/2018\/04\/mitel-news-300x150.png 300w, https:\/\/www.voipsupply.com\/blog\/voip-insider\/files\/2018\/04\/mitel-news-768x384.png 768w\" sizes=\"auto, (max-width: 252px) 100vw, 252px\" \/>transaction is expected to be complete in late 2018. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Searchlight is a private investment firm with investments in North America and Europe. The purpose of this acquisition is to seek out a partnership for its funds with leading corporations to enhance value of its capital and strategic support. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Upon completion of the acquisition, Mitel will transit into a privately held company, which will provide <a href=\"\/manufacturer\/mitel\">Mitel<\/a> with additional flexibility to accelerate its strategy of moving to the Cloud.<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u201cThis transaction is an exciting next step in our multi-year transformation that has enabled Mitel to emerge as an industry leader in the largest markets in the world. As a private company, and with the strategic and capital support of the Searchlight funds, we will have greater flexibility to manage the transition in our market, accelerate our strategy, and drive the next phase of success for our customers, partners, and employees,\u201d said Mitel CEO, Rich McBee.<\/span><\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>April 24th, 2018 &#8211; Mitel\u00ae, a leading unified communications solutions provider for businesses, today announced that it has entered into a definitive arrangement agreement to be acquired by an investor group led by affiliates of Searchlight Capital Partners. This deal will be an all-cash transaction valued at $2 billion, including Mitel\u2019s net debt. The transaction [&hellip;]<\/p>\n","protected":false},"author":123,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1026,1221,1217],"tags":[],"class_list":["post-266303","post","type-post","status-publish","format-standard","hentry","category-announcements","category-small-business-voip","category-voip-news"],"_links":{"self":[{"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/posts\/266303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/users\/123"}],"replies":[{"embeddable":true,"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/comments?post=266303"}],"version-history":[{"count":6,"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/posts\/266303\/revisions"}],"predecessor-version":[{"id":266373,"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/posts\/266303\/revisions\/266373"}],"wp:attachment":[{"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/media?parent=266303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/categories?post=266303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.voipsupply.com\/blog\/voip-insider\/wp-json\/wp\/v2\/tags?post=266303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}