Arena Investors and Owlpoint Capital completed the acquisition of a 90% stake in Wi-LAN from Quarterhill for $71m.

Arena Investors, an asset manager, and Owlpoint Capital, a company focus on credit investments backed by intellectual property and other intangible assets, completed the acquisition of a 90% stake in Wi-LAN, a technology development and intellectual property licensing company from Quarterhill, a provider of tolling and enforcement solutions in the intelligent transportation system industry, for $71m. "Arena is looking forward to working with WiLAN as part of our ongoing relationship with Owlpoint, to leverage WiLAN's IP licensing platform and expand into new technologies and licensing models," Vivek Nayar, Arena Investors Managing Director.