Searchlight Capital

Last updated
Searchlight Capital Partners
Company type Private
Industry Private equity
Founded2010;14 years ago (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]

Contents

History

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]

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References

  1. "Searchlight Capital Partners". radientanalytics.com. Retrieved 2024-05-30.
  2. "Company Overview of Searchlight Capital Partners". Bloomberg LP. Retrieved 20 February 2018.
  3. 1 2 3 4 "Searchlight Capital nears $1 bln first close - PE Hub". pehub.com. 6 July 2015. Retrieved 20 February 2018.
  4. "Searchlight Capital Partners, Hutton Collins Partners and Three Hills Capital Partners acquired Hunter Boot". Mergr. 2011-12-16. Retrieved 2021-03-01.
  5. "Searchlight Capital Partners buys M&M meat shops". CBC News. 2014-07-30. Retrieved 2021-03-01.
  6. "Roots Canada sells majority stake to Searchlight Capital". CBC News. 2015-10-26. Retrieved 2021-03-01.
  7. Lunden, Ingrid (2018-04-24). "Enterprise Firm Mitel to be acquired for $2B by Rackspace investor Searchlight". Techcrunch. Retrieved 2021-03-01.
  8. "Searchlight Capital Partners Makes Strategic Investment in All Points Broadband". 2021-07-06. Retrieved 2021-10-21.
  9. "Euclid Transactional secures Searchlight Capital as new minority investor". The Insurer. 2021-10-25. Retrieved 2024-05-30.
  10. Ajdin, Adis (2022-10-09). "Searchlight Capital buys into Synergy". Splash247. Retrieved 2024-05-30.
  11. "Searchlight Capital Partners Invests In Synergy Marine | Mergr M&A Deal Summary". mergr.com. Retrieved 2024-05-30.
  12. "Providence brings in Searchlight as partner for Hyve offer". Conference News. 2023-04-03. Retrieved 2024-05-30.
  13. "Hyve acquisition by Providence and Searchlight completed". Exhibition World. Retrieved 2024-05-30.
  14. Alim, Arjun Neil (2023-07-17). "Searchlight Capital buys UK asset manager Gresham for £470mn". www.ft.com. Retrieved 2023-07-17.
  15. "Searchlight to buy UK asset manager Gresham House for $615 mln". Reuters. 2023-07-17. Retrieved 2023-07-17.