Acquisition Financing of Searchlight Capital's US$2 Billion Acquisition of Mitel Networks Corporation

Goodmans LLP represented Searchlight Capital Partners, L.P. (“Searchlight”) in its acquisition of Mitel Networks Corporation (“Mitel”), a global market leader in business communications, in which Searchlight acquired all the outstanding common shares of Mitel for US $11.15 per common share in cash.

The transaction involved a complicated cross border financing arrangement, and a tax-efficient post-closing reorganization of the majority of the subsidiaries of the target.

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.