Mitel Networks Corporation

Mitel Networks Corporation in connection with its acquisition of ShoreTel, Inc. for US$530 million

Client

Mitel Networks Corporation

Value

US$530 million

Service

Mergers and Acquisitions

Date Closed

September 2017

Lead Office

Toronto


 

On July 27, 2017, Mitel Networks Corporation ("Mitel") and ShoreTel, Inc. ("ShoreTel") announced that they have entered into a definitive merger agreement in which Mitel will acquire all of the outstanding shares of ShoreTel common stock for a total equity value of approximately US$530 million.

BMO Capital Markets is leading the new term loan facility with Citizens Bank, N.A., HSBC Bank Canada and CIBC serving as Joint Lead Arrangers and Joint Bookrunners.

Mitel is a telecommunications company that provides business communications and collaboration software, services, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Mitel operates through Cloud and Enterprise segments.

ShoreTel is also a telecommunications company that provides business communication solutions for small and medium sized businesses. ShoreTel offers integrated voice, video, data, and mobile applications based on Internet protocol technologies.

Osler, Hoskin & Harcourt LLP represented Mitel with a team led by Jeremy Fraiberg (Corporate) and Richard Borins (Financial Services) and including Alex Gorka (Corporate), Firoz Ahmed and Paul Seraganian (Tax), and Andrew Herr, Marta Rochkin and Nathan Whitaker (Financial Services).


Team
Jeremy  Fraiberg
Key Contact

Jeremy Fraiberg

Partner, Corporate

Richard M. Borins

Richard M. Borins

Partner, Financial Services

Alex Gorka

Alex Gorka

Partner, Corporate

Firoz Ahmed | Tax Lawyer in Toronto

Firoz Ahmed

Partner, Taxation

Paul Seraganian - Cross Border Tax Lawyer

Paul Seraganian

New York Managing Partner

Andrew G.  Herr

Andrew G. Herr

Partner, Financial Services

Marta Rochkin

Marta Rochkin

Associate, Financial Services