Sterling Partners Acquires MOSAID Technologies for $590 Million

Sterling Partners, an industry-leading private equity firm with $5 billion in assets under management, announced that it has entered into an arrangement agreement with MOSAID Technologies under which Sterling Partners will acquire all of the common shares of MOSAID for approximately $590 million on a fully-diluted basis, or $46.00 per common share in cash by way of plan of arrangement.

LaBarge Weinstein acted as counsel to MOSAID Technologies (TSX) in its defence of a $480M takeover bid by Wi-LAN Inc. and the eventual sale to Sterling Partners.

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