Mitel Networks’ Partnership With RingCentral

Wilson Sonsini Goodrich & Rosati advised RingCentral, while Wachtell, Lipton, Rosen & Katz advised Searchlight and MLN TopCo Limited, the parent of Mitel.

Mitel Networks, Inc., a global leader in business communications, and RingCentral, Inc., a leading provider of global enterprise cloud communications, video meetings, collaboration and contact center solutions, announced a strategic partnership to provide Mitel’s global customer base with a seamless migration path to RingCentral’s Message Video Phone (MVP) cloud communications platform. 

As part of this agreement, RingCentral becomes Mitel’s exclusive UCaaS partner, providing their customers with a next generation, mobile-first, cloud communications platform with high reliability and security, rich functionality, and broad enterprise app integrations. 

RingCentral will pay Mitel $650 million to acquire intellectual property rights and patents covering network and call management, security, and infrastructure. Mitel’s existing investor group, led by affiliates of Searchlight Capital Partners, L.P., will invest $200 million in equity in RingCentral as part of the transaction. 

RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact center solutions based on its powerful Message Video Phone™ (MVP®) global platform. RingCentral is headquartered in Belmont, California, and has offices around the world.

A global market leader in business communications powering more than two billion business connections, Mitel helps businesses and service providers connect, collaborate and provide innovative services to their customers.

The Wachtell, Lipton, Rosen & Katz team included Steven A. Cohen, Partner (Picture), Victor Goldfeld, Partner, Alon B. Harish, Associate, Helen A. Diagama, Associate, J. Heath Mayo, Associate, Alec G. Miller, Law Clerk (Corporate), Joshua A. Feltman, Partner, John R. Sobolewski, Partner, Margaret M. Guidotti, Associate, David G. Sheinfeld, Law Clerk (Finance), Christina C. Ma, Partner, Joseph D. Larson, Of Counsel, Katharine R. Haigh, Associate (Antitrust), Erica E. Bonnett, Partner (Executive Compensation & Benefits), Selwyn B. Goldberg, Of Counsel, Nicole D. Sharer, Associate (Intellectual Property), Tijana J. Dvornic, Partner, Swift S.O. Edgar, Associate, Olivia R. Coates, Law Clerk (Tax).

The Wilson Sonsini team included: Rich Mullen, Cody Conwell, Joy-Annette Atsegbua, Chris Paniewski, Barath Chari, Sean Withall, Dena Smith, Scott Sher, Jamillia Ferris, Todd Hahn, Erik Franks, Maggie Adams, Matt Staples, Daniel Chen, Myra Sutanto Shen, Nika Antonikova, Tarek Helou and Seth Cowell.

Involved fees earner: Erica Bonnett – Wachtell, Lipton, Rosen & Katz; Steven Cohen – Wachtell, Lipton, Rosen & Katz; Helen Diagama – Wachtell, Lipton, Rosen & Katz; Tijana Dvornic – Wachtell, Lipton, Rosen & Katz; Swift Edgar – Wachtell, Lipton, Rosen & Katz; Joshua Feltman – Wachtell, Lipton, Rosen & Katz; Selwyn Goldberg – Wachtell, Lipton, Rosen & Katz; Victor Goldfeld – Wachtell, Lipton, Rosen & Katz; Margaret Guidotti – Wachtell, Lipton, Rosen & Katz; Katharine Haigh – Wachtell, Lipton, Rosen & Katz; Alon Harish – Wachtell, Lipton, Rosen & Katz; Joseph Larson – Wachtell, Lipton, Rosen & Katz; Christina Ma – Wachtell, Lipton, Rosen & Katz; Heath Mayo – Wachtell, Lipton, Rosen & Katz; Nicole Sharer – Wachtell, Lipton, Rosen & Katz; John Sobolewski – Wachtell, Lipton, Rosen & Katz; Maggie Adams – Wilson Sonsini Goodrich & Rosati; Nika Antonikova – Wilson Sonsini Goodrich & Rosati; Joy-Annette Atsegbua – Wilson Sonsini Goodrich & Rosati; Barath Chari – Wilson Sonsini Goodrich & Rosati; Daniel Chen – Wilson Sonsini Goodrich & Rosati; Seth Cowell – Wilson Sonsini Goodrich & Rosati; Jamillia Ferris – Wilson Sonsini Goodrich & Rosati; Erik Franks – Wilson Sonsini Goodrich & Rosati; Todd Hahn – Wilson Sonsini Goodrich & Rosati; Tarek Helou – Wilson Sonsini Goodrich & Rosati; Rich Mullen – Wilson Sonsini Goodrich & Rosati; Christopher Paniewski – Wilson Sonsini Goodrich & Rosati; Scott Sher – Wilson Sonsini Goodrich & Rosati; Dena Smith – Wilson Sonsini Goodrich & Rosati; Matt Staples – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati; Sean Withall – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wachtell, Lipton, Rosen & Katz; Wilson Sonsini Goodrich & Rosati;

Clients: MLN TopCo Limited; RingCentral Inc.; Searchlight Capital Partners, L.P.;