On June 25, 2025, 26North Partners LP announced it has entered into a definitive agreement to acquire a controlling stake in AVI-SPL, a world leader in audio-visual (AV) and unified communications (UC) solutions, from Marlin Equity Partners and other shareholders. Marlin and select investors will retain a minority interest in the company.

Financial terms were not disclosed.

Kirkland & Ellis LLP and Santander served as legal counsel and financial advisor to 26North. Silver Point Capital Direct Lending led and provided debt financing. Goodwin Procter LLP advised AVI-SPL with Guggenheim Securities, LLC and William Blair acting as financial advisors.

McCarthy Tétrault represented 26North as Canadian counsel with a team consisting of Pavan Jawanda, James Lin, Gurvir Sangha (M&A), Jason Gudofsky, Alykhan Rahim (Competition/Antitrust and Foreign Investment), John Gilmore, Christopher McHardy, Patrick Pengelly, Francis Racine, Grace McDonell, Jessica Hoskins (Labour & Employment), Julia Miller (Pensions, Benefits & Executive Compensation) and Robert Glasgow (International Trade and Disputes).

The deal is expected to close in the third quarter of 2025, subject to customary closing conditions.