Searchlight Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Searchlight Capital Partners has acquired 5 companies. It has also invested in 3 others.

Searchlight Capital Partners’ most common sectors for investment are communications (40%) and marketing (15%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (20%) and growth capital (20%). In total, Searchlight Capital Partners has invested in 7 US states and 6 different countries. Its largest (disclosed) acquisition occurred in 2018 when it acquired Mitel Networks for $2.0B.

In the last 3 years, Searchlight Capital Partners has exited 2 companies. The Firm’s most common exit type is trade sale (50%).

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M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity20
    • M&A Sell Activity2
  • Total Sectors Invested 10
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 10
  • M&A Advisors 15

Searchlight Capital Partners

56 Conduit Street 4th Floor,
London, W1S 2YZ
United Kingdom
+44 (0)20 7290 7910
www.searchlightcap.com
ir@searchlightcap.com

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in London, New York, and Toronto.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Business Services, Communications, Consumer Products, Consumer Services, Education, Financial Services, Information Technology, Leisure, Machinery, Marketing, Media

Target Transaction Types: Buyout (LBO, MBO, MBI), Going Private, Growth Capital, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (2.0/yr) # 10 2 - 3 2 3 20
vol $57M $2.0B $1.4B $3.4B
Sell (0.4/yr) # - - - 2 - - 2
  22

Most Recent M&A

Company Date Value Type
Consolidated Communications, Inc. 2020-09-14 - Stake Purchase
Mattoon, Illinois · www.consolidated.com
Univision Communications, Inc. 2020-02-25 - Secondary Buyout
New York, New York · www.univision.com
Global Risk Partners Ltd. 2020-02-03 - Secondary Buyout
London, United Kingdom · www.grpgroup.co.uk
B Communications Ltd. 2019-06-24 - Going Private
Ramat Gan, Israel · www.bcommunications.co.il
Frontier Communications Corp. - Associated Assets and Operations 2019-05-29 1.4B USD Divestiture
Norwalk, Connecticut
Liberty Cablevision of Puerto Rico Ltd. 2018-10-17 - Divestiture
Luquillo, Puerto Rico · www.libertypr.com
Mitel Networks Corp. 2018-04-24 2.0B USD Going Private
Ottawa, Ontario · www.mitel.com
Global Eagle Entertainment, Inc. 2018-03-09 - Stake Purchase
Los Angeles, California · www.globaleagle.com
EOLO SpA 2018-01-11 - Growth Capital
Busto Arsizio, Italy · www.eolo.it
160over90 2018-01-09 - Add-on Acquisition
Philadelphia, Pennsylvania · www.160over90.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Ocean Outdoor Ltd. 2014-12-22 Visual Art AB 2019-09-17 3
London, United Kingdom · www.oceanoutdoor.com Stockholm, Sweden · www.visualart.com
Ocean Outdoor Ltd. 2014-12-22 Forrest Media 2018-06-04 2
London, United Kingdom · www.oceanoutdoor.com Scotland, United Kingdom · www.forrestgroup.co.uk
TouchTunes Music Corp. 2015-04-02 PlayNetwork, Inc. 2017-04-03 1
New York, New York · www.touchtunes.com Redmond, Washington · www.playnetwork.com
Ardent Hire Solutions Ltd. 2015-08-21 Fork Rent Ltd. 2015-08-21 1
Middlesex, United Kingdom · www.onecallhire.com Suffolk, United Kingdom · www.fork-rent.co.uk
Ocean Outdoor Ltd. 2014-12-22 Media Co Outdoor 2015-04-22 1
London, United Kingdom · www.oceanoutdoor.com Manchester, United Kingdom · www.mediacooutdoor.co.uk
MediaMath, Inc. 2011-07-22 Rare Crowds, Inc. 2014-11-10 6
New York, New York · www.mediamath.com Bellevue, Washington · www.rarecrowds.com
MediaMath, Inc. 2011-07-22 Upcast Social Ltd. 2014-10-16 5
New York, New York · www.mediamath.com London, United Kingdom · www.upcastsocial.com
MediaMath, Inc. 2011-07-22 Tactads 2014-04-24 4
New York, New York · www.mediamath.com Nantes, France · www.tactads.com
MediaMath, Inc. 2011-07-22 Akamai Technologies, Inc. - Advertising Decision Solutions 2013-01-24 3
New York, New York · www.mediamath.com Cambridge, Massachusetts
MediaMath, Inc. 2011-07-22 TapMe, Inc. 2012-12-04 2
New York, New York · www.mediamath.com Chicago, Illinois · www.tap.me

M&A by Sector

Sector Current # Value All-time # Value
Communications 6 (35%) 3.4B (98%) 8 (40%) 3.4B (98%)
Marketing 2 (12%) - 3 (15%) -
Apparel/Textiles 2 (12%) - 2 (10%) -
Leisure 1 (6%) 57M (2%) 1 (5%) 57M (2%)
Business Services 1 (6%) - 1 (5%) -
Digital Media 1 (6%) - 1 (5%) -
Financial Services 1 (6%) - 1 (5%) -
Information Technology 1 (6%) - 1 (5%) -
Insurance 1 (6%) - 1 (5%) -
Media 1 (6%) - 1 (5%) -
Total 17 $3.4B 20 $3.4B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (53%) 1.4B (41%) 11 (55%) 1.4B (41%)
  New York 4 (24%) 57M (2%) 4 (20%) 57M (2%)
  Pennsylvania 1 (6%) - 2 (10%) -
  Connecticut 1 (6%) 1.4B (40%) 1 (5%) 1.4B (40%)
  Ohio 1 (6%) - 1 (5%) -
  Illinois 1 (6%) - 1 (5%) -
  California 1 (6%) - 1 (5%) -
  Washington - - 1 (5%) -
United Kingdom 4 (24%) - 4 (20%) -
Canada 2 (12%) 2.0B (59%) 2 (10%) 2.0B (59%)
  Ontario 2 (12%) 2.0B (59%) 2 (10%) 2.0B (59%)
Italy 1 (6%) - 1 (5%) -
Israel 1 (6%) - 1 (5%) -
Puerto Rico - - 1 (5%) -
Domestic 4 (24%) - 4 (20%) -
Cross-border 13 (76%) 3.4B (100%) 16 (80%) 3.4B (100%)
Total 17 $3.4B 20 $3.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 4 (24%) 57M (2%) 4 (20%) 57M (2%)
Buyout (LBO, MBO, MBI) 4 (24%) - 4 (20%) -
Growth Capital 3 (18%) - 4 (20%) -
Stake Purchase 2 (12%) - 3 (15%) -
Going Private 2 (12%) 2.0B (59%) 2 (10%) 2.0B (59%)
Divestiture 1 (6%) 1.4B (40%) 1 (5%) 1.4B (40%)
Add-on Acquisition - - 1 (5%) -
Consolidation 1 (6%) - 1 (5%) -
Total 17 $3.4B 20 $3.4B

Exits by Deal Type

Type Total # Value
Divestiture 1 (50%) -
Trade Sale 1 (50%) -
Total 2 -

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
2
Bank of America Merrill Lynch
2
Ernst & Young Capital Advisors LLC
1
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
3
Paul, Weiss, Rifkind, Wharton & Garrison LLP
3
Willkie Farr & Gallagher LLP
1

Deal Values

buy # Total
> $1B 2 $3.4B
< $100M 1 $57M
TOTAL $3.4B
Largest Mitel Networks Corp.
$2.0B (2018-04-24)

M&A Connections

Deals %
Acquired from
PE Firm(s)
93%
13 93%
Strategic(s)
7%
1 7%
Exited to
Strategic(s)
100%
2 100%

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