Searchlight Capital

Searchlight Capital was founded in 2010 by Eric Zinterhofer, Oliver Haarmann, and Erol Uzumeri, its founding partners.{{cite web|title=Company Overview of Searchlight Capital Partners|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=111957144|website=Bloomberg LP|accessdate=20 February 2018}}{{cite web|url=https://www.pehub.com/2015/07/searchlight-capital-nears-1-bln-first-close/|title=Searchlight Capital nears $1 bln first close - PE Hub|author=|date=6 July 2015|website=pehub.com|accessdate=20 February 2018}} It has offices in New York City, London and Toronto. Searchlight Capital invests across five sectors: technology, services, industrials, healthcare and consumer.{{Cite web |last=Zhang |first=Neal |date=2024-12-20 |title=Ajit Pai, Partner at Searchlight Capital, on trends in technology investing |url=https://ionanalytics.com/insights/mergermarket/ajit-pai-partner-at-searchlight-capital-on-trends-in-technology-investing/ |access-date=2024-12-28 |website=ION Analytics |language=en-US}}{{Cite web |title=Searchlight Capital Partners Mergers and Acquisitions Summary {{!}} Mergr |url=https://mergr.com/investor/searchlight-capital-partners |access-date=2024-12-28 |website=mergr.com}}{{Cite web |title=Searchlight Capital - Private Equity Fund |url=https://www.finnotes.org/entities/searchlight-capital |access-date=2024-12-28 |website=www.finnotes.org}}

In January 2012, Searchlight Capital completed the acquisition of the famed rubber Wellington Boot manufacturer Hunter Boot Ltd.{{cite web|title=Searchlight Capital Partners, Hutton Collins Partners and Three Hills Capital Partners acquired Hunter Boot|url=https://mergr.com/searchlight-capital-partners-acquires-hunter-boot|publisher= Mergr|date=2011-12-16| access-date= 2021-03-01}} In April 2012, Searchlight closed its first fund Searchlight Fund I at $860m.{{Cite web |date=4 April 2012 |title=Searchlight Capital raises $860m for first fund |url=https://www.penews.com/articles/searchlight-capital-20120404 |access-date=26 July 2024 |website=Private Equity News}}

In July 2014, Searchlight Capital acquired the Canadian meat and frozen food retail chain M&M Food Market.{{cite news|author=|title= Searchlight Capital Partners buys M&M meat shops|url=https://www.cbc.ca/news/business/searchlight-capital-partners-buys-m-m-meat-shops-1.2722693|work= CBC News| date= 2014-07-30|access-date= 2021-03-01}}

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. 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.{{cite news|author=|title= Roots Canada sells majority stake to Searchlight Capital|url=https://www.cbc.ca/news/business/roots-canada-sale-1.3289710|work= CBC News| date= 2015-10-26|access-date= 2021-03-01}}

In December 2015, Searchlight closed its second fund with $1.94 billion of commitments.

In April 2018, Searchlight acquired Canadian enterprise telecommunications company Mitel in an all-cash transaction of $2 billion.{{cite news|last= Lunden|first= Ingrid|date= 2018-04-24|title= Enterprise Firm Mitel to be acquired for $2B by Rackspace investor Searchlight|url=https://techcrunch.com/2018/04/24/enterprise-communications-firm-mitel-is-being-acquired-for-2b-by-rackspace-investor-searchlight/|work= Techcrunch|access-date= 2021-03-01}}

In July 2021, Searchlight acquired the fixed wireless Internet Service Provider All Points Broadband.{{cite web|date=2021-07-06 |title= Searchlight Capital Partners Makes Strategic Investment in All Points Broadband|url=https://www.searchlightcap.com/news/searchlight-capital-partners-makes-strategic-investment-in-all-points-broadband/|access-date=2021-10-21}} In October 2021 Searchlight acquired a minority stake of M&A insurance MGA Euclid Transactional, based in New York.{{Cite web |last= |date=2021-10-25 |title=Euclid Transactional secures Searchlight Capital as new minority investor |url=https://www.theinsurer.com/news/euclid-transactional-secures-searchlight-capital-as-new-minority-investor/ |access-date=2024-05-30 |website=The Insurer |language=en-US}}

In November 2020, Searchlight Capital closed Fund III at $3.4billion,{{Cite web |date=18 November 2020 |title=Searchlight Capital Partners Closes Third Fund at $3.4 Billion |url=https://www.businesswire.com/news/home/20201118005300/en/Searchlight-Capital-Partners-Closes-Third-Fund-at-3.4-Billion%20.../ |access-date=27 July 2024 |website=Business Wire}} beating $2.75billion target.{{Cite web |date=19 November 2020 |title=Searchlight Capital’s third fund hits $3.4bn at final close |url=https://www.penews.com/articles/searchlight-capitals-third-fund-hits-3-4bn-at-final-close-20201119 |access-date=27 July 2024 |website=Private Equity News}}

In October 2022, Searchlight Capital bought a minority stake of Singapore shipmanager Synergy Marine Group in an undisclosed deal.{{Cite web |last=Ajdin |first=Adis |date=2022-10-09 |title=Searchlight Capital buys into Synergy |url=https://splash247.com/searchlight-capital-buys-into-synergy/ |access-date=2024-05-30 |website=Splash247 |language=en-GB}}{{Cite web |title=Searchlight Capital Partners Invests In Synergy Marine {{!}} Mergr M&A Deal Summary |url=https://mergr.com/searchlight-capital-partners-invests-in-synergy-marine-group |access-date=2024-05-30 |website=mergr.com}}

In April 2023, Searchlight Capital became bidding partner of Providence Equity for its agreed takeover offer of global event organiser Hyve Group,{{Cite web |last= |first= |date=2023-04-03 |title=Providence brings in Searchlight as partner for Hyve offer |url=https://www.conference-news.co.uk/uncategorized/providence-brings-searchlight-partner-hyve-offer/ |access-date=2024-05-30 |website=Conference News |language=en-GB}} with the deal completed in June 2023.{{Cite web |title=Hyve acquisition by Providence and Searchlight completed |url=https://www.exhibitionworld.co.uk/hyve-acquisition-by-providence-and-searchlight-completed |access-date=2024-05-30 |website=Exhibition World |language=en}} 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.{{Cite web |title=Rêv and Searchlight partner to acquire Netspend for $1b |url=https://ibsintelligence.com/ibsi-news/rev-and-searchlight-partner-to-acquire-netspend-for-1b/ |access-date=2024-06-01 |website=IBS Intelligence |language=en-US}}{{Cite news |title=Rêv and Searchlight Complete Acquisition of Netspend for $1 Billion |url=https://www.businesswire.com/news/home/20230501005172/en/R%C3%AAv-and-Searchlight-Complete-Acquisition-of-Netspend-for-1-Billion |access-date=2024-06-01 |language=en}}

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.{{Cite web |last=Alim |first=Arjun Neil |date=2023-07-17 |title=Searchlight Capital buys UK asset manager Gresham for £470mn |url=https://www.ft.com/content/67a49bc4-a768-48af-87bf-b9c522a0e8d0 |access-date=2023-07-17 |website=www.ft.com}}{{Cite news |date=2023-07-17 |title=Searchlight to buy UK asset manager Gresham House for $615 mln |language=en |work=Reuters |url=https://www.reuters.com/markets/deals/searchlight-capital-buy-uks-gresham-house-about-615-mln-2023-07-17/ |access-date=2023-07-17}}

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.{{Cite web |title=RSK gets another £800m to spend on acquisitions |url=https://www.theconstructionindex.co.uk/news/view/rsk-gets-another-800m-to-spend-on-acquisitions |access-date=2025-03-27 |website=www.theconstructionindex.co.uk |language=en}}{{Cite web |last=Ware |first=Daniel |date=2024-09-24 |title=RSK completes preferred equity raise with total investment increasing to £520 million |url=https://www.watermagazine.co.uk/2024/09/24/rsk-completes-preferred-equity-raise-with-total-investment-increasing-to-520-million/ |access-date=2025-03-27 |website=Water Magazine |language=en-US}}

• Eric Zinterhofer (born 1971) is an American private equity financier and founding partner of Searchlight Capital.{{Cite web |title=Team |url=https://searchlightcap.com/team/ |access-date=2024-08-30 |website=Searchlight Capital |language=en-US}} He is non-executive chairman of Charter Communications' board of directors and was its lead independent director from May 2016 to November 2023.{{Cite web |title=Eric L. Zinterhofer {{!}} Charter Communications |url=https://corporate.charter.com/board-of-directors/eric-l-zinterhofer |access-date=2024-08-22 |website=corporate.charter.com |language=en}} Zinterhofer is also a former co-head of media and telecom investing at Apollo Global Management from 1998 to 2010.{{Cite web |date=6 May 2010 |title=Zinterhofer to leave Apollo to start own firm |url=https://www.fnlondon.com/articles/zinterhofer-departs-apollo-20100506 |access-date=22 August 2024 |website=Financial News}}{{Cite web |date=5 May 2010 |title=Zinterhofer to Leave Apollo, Start Own Firm |url=https://www.wsj.com/articles/SB10001424052748704866204575224632835087918 |access-date=22 August 2024 |website=The Wall Street Journal}}
• Oliver Haarmann (born 1967) is a German private equity financer, and a founding partner of Searchlight Capital. Previously, He was a senior partner of the investment firm KKR for 12 years. He is chairman of the board of United Kingdom based charity IntoUniversity.{{Cite web |date=2022-01-25 |title=Oliver Haarmann |url=https://intouniversity.org/people/oliver-haarmann/ |access-date=2024-08-27 |website=IntoUniversity |language=en}} From 2012-2022, Haarmanserved as a member of the board of trustees of London based arts organisation Artangel,{{Cite web |title=Artangel |url=https://acc.artangel.org.uk/about_us/board/ |access-date=2024-08-27 |website=acc.artangel.org.uk}} and is an advisory board member of the Aspire Institute{{Cite web |title=Oliver Haarmann |url=https://www.aspireleaders.org/team/oliver-haarmann/ |access-date=2024-08-27 |website=Aspire Institute Inc. |language=en-US}} as well as a member of the board of trustees of Brown University.{{Cite web |title=Oliver Haarmann {{!}} Corporation {{!}} Brown University |url=https://corporation.brown.edu/people/oliver-haarmann |access-date=2024-08-27 |website=corporation.brown.edu |language=en}}
• Ajit Pai (born 1973) is an American lawyer who served as chairman of the Federal Communications Commission (FCC) from 2017 to 2021. He has been a partner at Searchlight Capital since April 2021, specialising in investments in the technology, media, and telecommunications sectors. Pai was a trial attorney for the U.S. Department of Justice's Antitrust Division from 1998 to 2001. From 2001 until 2003 he was associate general counsel at Verizon and from 2003 served as deputy chief counsel for the U.S. Senate Judiciary Committee until 2004. From 2007 until 2011, Pai held senior roles in the U.S. Department of Justice and the FCC's Office of General Counsel. Nominated by President Barack Obama, in 2012, he joined the FCC and became its chairman under President Donald Trump in 2017 until January 2021.{{Cite web |title=Biography of Former Chairman Ajit Pai {{!}} Federal Communications Commission |url=https://www.fcc.gov/biography-former-chairman-ajit-pai |access-date=2024-08-30 |website=www.fcc.gov}} Since February 2024 Pai has been serving as an at-large trustee on the board of America's Public Television Stations (APTS).{{Cite web |title=Ajit Pai |url=https://apts.org/about/board-of-trustees/ajit-pai |access-date=2024-08-30 |website=apts.org}}

{{Reflist}}

• {{Official website|http://www.searchlightcap.com/}}

{{Private equity and venture capital}}

{{DEFAULTSORT:Searchlight Capital}}

Category:Private equity firms of the United Kingdom

Category:Financial services companies based in London

Category:Financial services companies established in 2010

Category:2010 establishments in England