Searchlight Capital Partners, a private equity firm based in the United States, agreed to acquire Mitel, a business communications provider, for $2bn. “Mitel has succeeded for 45 years because of persistent innovation and relentless focus on delivering shareholder value. Our Board determined that this transaction, upon closing, will deliver immediate, significant and certain cash value to our shareholders. It also affirms the tremendous value and market leadership of Mitel. We believe this transaction will provide Mitel with additional flexibility as a private company to pursue the company’s move-to-the-cloud strategy," Terry Matthews, Mitel Co-founder and Chairman.