 | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 2010 |
| Founder | Eric Zinterhofer Oliver Haarmann Erol Uzumeri |
| Headquarters | 745 Fifth Avenue, New York, New York , US |
Number of locations | New York City, London, Toronto |
Area served | North America, Europe |
| AUM | US$15.1 billion (2024) |
Number of employees | 130 (August 2024) |
| Website | www |
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]
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] 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]
In June 2024, Searchlight Capital in co-operation with Ares Management invested £500 million in a preferred equity transaction in RSK Group, a UK-based environmental, engineering and technical services group. [24] [25]
