|
Searchlight Capital
Searchlight Capital Partners is a private equity firm based in the United States, United Kingdom and Canada, with $15 billion in assets under management.[1] HistorySearchlight Capital was founded in 2010 by Eric Zinterhofer, Oliver Haarmann, and Erol Uzumeri, its founding partners.[2][3] It has offices in New York City, London and Toronto.[3] Searchlight Capital invests across five sectors: technology, services, industrials, healthcare and consumer.[4][5][6] In January 2012, Searchlight Capital completed the acquisition of the famed rubber Wellington Boot manufacturer Hunter Boot Ltd.[7] In April 2012, Searchlight closed its first fund Searchlight Fund I at $860m.[8] In July 2014, Searchlight Capital acquired the Canadian meat and frozen food retail chain M&M Food Market.[9] In June 2015, Searchlight Capital (40%) and Liberty Global (60%) jointly acquired Choice Cable TV, Puerto Rico's second-largest cable operator, for US$272.5 million.[3] In October 2015, the company acquired a majority stake in the Canadian apparel brand Roots Canada, with a minority stake still held by its founders.[10] In December 2015, Searchlight closed its second fund with $1.94 billion of commitments.[3] In April 2018, Searchlight acquired Canadian enterprise telecommunications company Mitel in an all-cash transaction of $2 billion.[11] In July 2021, Searchlight acquired the fixed wireless Internet Service Provider All Points Broadband.[12] In October 2021 Searchlight acquired a minority stake of M&A insurance MGA Euclid Transactional, based in New York.[13] In November 2020, Searchlight Capital closed Fund III at $3.4billion,[14] beating $2.75billion target.[15] In October 2022, Searchlight Capital bought a minority stake of Singapore shipmanager Synergy Marine Group in an undisclosed deal.[16][17] In April 2023, Searchlight Capital became bidding partner of Providence Equity for its agreed takeover offer of global event organiser Hyve Group,[18] with the deal completed in June 2023.[19] In May 2023, Searchlight, together with payments company Rev Worldwide, acquired Netspend consumer business from Global Payments in an all-cash transaction valued at $1 billion.[20][21] In July 2023, the company announced the acquisition of Gresham House, a UK-based asset manager listed on the London Stock Exchange, in a £470 million deal.[22][23] Notable persons
References
External links |
||||||||||||||||||||||
