Searchlight Capital
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Company type | Private |
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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) |
Number of employees | >120 |
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 April 2012, Searchlight closed its first fund Searchlight Fund I at $860m.[5]
In July 2014, Searchlight Capital acquired the Canadian meat and frozen food retail chain M&M Food Market.[6]
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.[7]
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.[8]
In July 2021, Searchlight acquired the fixed wireless Internet Service Provider All Points Broadband.[9] In October 2021 Searchlight acquired a minority stake of M&A insurance MGA Euclid Transactional, based in New York.[10]
In November 2020, Searchlight Capital closed Fund III at $3.4billion,[11] beating $2.75billion target.[12]
In October 2022, Searchlight Capital bought a minority stake of Singapore shipmanager Synergy Marine Group in an undisclosed deal.[13][14]
In April 2023, Searchlight Capital became bidding partner of Providence Equity for its agreed takeover offer of global event organiser Hyve Group,[15] with the deal completed in June 2023.[16] 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.[17][18]
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.[19][20]
Notable persons
[edit]- Eric Zinterhofer (born 1971) is an American private equity financier and founding partner of Searchlight Capital.[21] He is non-executive chairman of Charter Communications' board of directors and was its lead independent director from May 2016 to November 2023.[22] Zinterhofer is also a former co-head of media and telecom investing at Apollo Global Management from 1998 to 2010.[23][24]
- Oliver Haarmann (born 1967) is a German private equity financer, and a founding partner of Searchlight Capital.[25] 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.[26] From 2012-2022, Haarmanserved as a member of the board of trustees of London based arts organisation Artangel,[27] and is an advisory board member of the Aspire Institute[28] as well as a member of the board of trustees of Brown University.[29]
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 raises $860m for first fund". Private Equity News. 4 April 2012. Retrieved 26 July 2024.
- ^ "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.
- ^ "Searchlight Capital Partners Closes Third Fund at $3.4 Billion". Business Wire. 18 November 2020. Retrieved 27 July 2024.
- ^ "Searchlight Capital's third fund hits $3.4bn at final close". Private Equity News. 19 November 2020. Retrieved 27 July 2024.
- ^ 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.
- ^ "Rêv and Searchlight partner to acquire Netspend for $1b". IBS Intelligence. Retrieved 2024-06-01.
- ^ "Rêv and Searchlight Complete Acquisition of Netspend for $1 Billion". Retrieved 2024-06-01.
- ^ 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.
- ^ "Team". Searchlight Capital. Retrieved 2024-08-22.
- ^ "Eric L. Zinterhofer | Charter Communications". corporate.charter.com. Retrieved 2024-08-22.
- ^ "Zinterhofer to leave Apollo to start own firm". Financial News. 6 May 2010. Retrieved 22 August 2024.
- ^ "Zinterhofer to Leave Apollo, Start Own Firm". The Wall Street Journal. 5 May 2010. Retrieved 22 August 2024.
- ^ "Team". Searchlight Capital. Retrieved 2024-08-27.
- ^ "Oliver Haarmann". IntoUniversity. 2022-01-25. Retrieved 2024-08-27.
- ^ "Artangel". acc.artangel.org.uk. Retrieved 2024-08-27.
- ^ "Oliver Haarmann". Aspire Institute Inc. Retrieved 2024-08-27.
- ^ "Oliver Haarmann | Corporation | Brown University". corporation.brown.edu. Retrieved 2024-08-27.