December 28, 2009
Mitel Networks filed a preliminary prospectus for an IPO of up to $230 million. Amongst the company's investors are Wesley Clover and Arsenal Holdco, an affiliate of Francisco Partners. As of April 30, 2009 (Mitel's Q4), the small to mid-size business telecom service provider had revenues of $735.1 million, but a net loss of $193 million. Underwriters of the IPO include Bank of America Merrill Lynch, J.P. Morgan and UBS Investment Bank.
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