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M&A Deal Summary

Searchlight Capital Partners and Providence Equity Partners Acquire Hyve Group

On June 8, 2023, private equity firms Searchlight Capital Partners and Providence Equity Partners acquired business services company Hyve Group for 524M GBP

Acquisition Highlights
  • This is Searchlight Capital Partners’ 4th and Providence Equity Partners’ 7th transaction in the Business Services sector.
  • This is Searchlight Capital Partners’ 4th and Providence Equity Partners’ 23rd largest (disclosed) transaction.
  • This is Searchlight Capital Partners’ 6th and Providence Equity Partners’ 9th transaction in the United Kingdom.

M&A Deal Summary
Date 2023-06-08
Target Hyve Group
Sector Business Services
Buyer(s) Searchlight Capital Partners
Providence Equity Partners
Deal Type Going Private
Deal Value 524M GBP

Target

Hyve Group

London, United Kingdom
Hyve Group is a next-generation global events business whose purpose is to create unmissable events, where customers from all corners of the globe share extraordinary moments and shape industry innovation. Hyve Group was founded in 1985 and is based in London, United Kingdom.

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Buyer(S) 2

Buyer

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 New York, London, and Toronto.

DEAL STATS #
Overall 38 of 39
Sector (Business Services) 4 of 4
Type (Going Private) 6 of 6
Country (United Kingdom) 6 of 6
Year (2023) 2 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-02 Hunter Boots

Edinburgh, United Kingdom

Hunter Boot is a lifestyle brand focused on the design, production, and wholesaling of rubber boots, bags, outerwear, and related accessories. Hunter Boot was established in 1856 and is based in Edinburgh, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 MediaMath

New York, New York, United States

MediaMath helps global marketers deliver personalized digital advertising across all connected touchpoints. Over 9,500 marketers in 42 countries use their enterprise software every day to launch, analyze and optimize their digital advertising campaigns across mobile, video, audio, social, native, digital out of home and Advanced TV formats. MediaMath was founded in 2007 and is headquartered in New York, New York.

Sell -
Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 130 of 135
Sector (Business Services) 7 of 8
Type (Going Private) 12 of 12
Country (United Kingdom) 9 of 10
Year (2023) 1 of 3
Size (of disclosed) 23 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 n2y

Huron, Ohio, United States

n2y is a developer of education curricula and teaching materials for K-12 students with special needs. n2y offers its products to teachers and school administrators through a cloud-based subscription platform. n2y’s core products include Unique Learning System, a standards-based curriculum program designed specifically for students with special needs; news-2-you, a weekly current events newspaper; and SymbolStix, a symbol-based language used in learning materials. n2y was founded in 1997 and is based in Huron, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 d&b

Backnang, Germany

d&b is a producer of high-quality speakers, amplifiers, and related components. d&b systems are used as reliable tools for long-term use at production and distribution companies from the event and multimedia genre, at festivals and concerts, at musicals, concert halls, theaters, and opera houses, in radio and television products from the tiniest conference rooms to the largest stadiums. d&b was founded in 1981 and is based in Backnang, Germany.

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