Searchlight Capital
 | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 2010 |
| Founder | Eric Zinterhofer Oliver Haarmann Erol Uzumeri |
| Headquarters | 745 Fifth Avenue, New York, NY 10151 , US |
Number of locations | New York City, London, Toronto |
Area served | North America, Europe |
| AUM | US$15 billion (2023) |
| Website | http://www.searchlightcap.com/ |
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]
History[edit]
Searchlight 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]
In January 2012, Searchlight Capital completed the acquisition of the famed rubber Wellington Boot manufacturer Hunter Boot Ltd.[4]
In July 2014, Searchlight Capital acquired the Canadian meat and frozen food retail chain M&M Food Market.[5]
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.[6]
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.[7]
In July 2021, Searchlight acquired the fixed wireless Internet Service Provider All Points Broadband.[8] In October 2021 Searchlight acquired a minority stake of M&A insurance MGA Euclid Transactional, based in New York.[9]
In October 2022, Searchlight Capital bought a minority stake of Singapore shipmanager Synergy Marine Group in an undisclosed deal.[10][11]
In April 2023, Searchlight Capital became bidding partner of Providence Equity for its agreed takeover offer of global event organiser Hyve Group,[12] with the deal completed in June 2023.[13]
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.[14][15]
References[edit]
- ^ "Searchlight Capital Partners". radientanalytics.com. Retrieved 2024-05-30.
- ^ "Company Overview of Searchlight Capital Partners". Bloomberg LP. Retrieved 20 February 2018.
- ^ a b c d "Searchlight Capital nears $1 bln first close - PE Hub". pehub.com. 6 July 2015. Retrieved 20 February 2018.
- ^ "Searchlight Capital Partners, Hutton Collins Partners and Three Hills Capital Partners acquired Hunter Boot". Mergr. 2011-12-16. Retrieved 2021-03-01.
- ^ "Searchlight Capital Partners buys M&M meat shops". CBC News. 2014-07-30. Retrieved 2021-03-01.
- ^ "Roots Canada sells majority stake to Searchlight Capital". CBC News. 2015-10-26. Retrieved 2021-03-01.
- ^ Lunden, Ingrid (2018-04-24). "Enterprise Firm Mitel to be acquired for $2B by Rackspace investor Searchlight". Techcrunch. Retrieved 2021-03-01.
- ^ "Searchlight Capital Partners Makes Strategic Investment in All Points Broadband". 2021-07-06. Retrieved 2021-10-21.
- ^ "Euclid Transactional secures Searchlight Capital as new minority investor". The Insurer. 2021-10-25. Retrieved 2024-05-30.
- ^ Ajdin, Adis (2022-10-09). "Searchlight Capital buys into Synergy". Splash247. Retrieved 2024-05-30.
- ^ "Searchlight Capital Partners Invests In Synergy Marine | Mergr M&A Deal Summary". mergr.com. Retrieved 2024-05-30.
- ^ "Providence brings in Searchlight as partner for Hyve offer". Conference News. 2023-04-03. Retrieved 2024-05-30.
- ^ "Hyve acquisition by Providence and Searchlight completed". Exhibition World. Retrieved 2024-05-30.
- ^ Alim, Arjun Neil (2023-07-17). "Searchlight Capital buys UK asset manager Gresham for £470mn". www.ft.com. Retrieved 2023-07-17.
- ^ "Searchlight to buy UK asset manager Gresham House for $615 mln". Reuters. 2023-07-17. Retrieved 2023-07-17.
