Investment Summary

Searchlight Capital Partners Invests In Mainstream Fiber Networks

On October 30, 2023, private equity firm Searchlight Capital Partners invested in communications company Mainstream Fiber Networks

Investment Highlights
  • This is Searchlight Capital Partners’ 12th transaction in the Communications sector.
  • This is Searchlight Capital Partners’ 21st transaction in the United States.
  • This is Searchlight Capital Partners’ 1st transaction in Indiana.

Investment Summary
Date 2023-10-30
Target Mainstream Fiber Networks
Sector Communications
Investor(s) Searchlight Capital Partners
Deal Type Growth Capital
Advisor(s) Citizens Capital Markets (Financial)
Ice Miller
Bose McKinney & Evans (Legal)

Target

Mainstream Fiber Networks

Nashville, Indiana, United States
Mainstream Fiber Networks is a fiber to the premise (fttp) internet service provider that understands the need for affordable, high-speed internet in indiana’s rural communities. Mainstream Fiber Networks is based in Nashville, Indiana.

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Investor(S) 1

Investor

Searchlight Capital Partners

London, United Kingdom

Investor 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 39 of 39
Sector (Communications) 12 of 12
Type (Growth Capital) 13 of 13
State (Indiana) 1 of 1
Country (United States) 21 of 21
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 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.

Buy £524M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 Flowbird Group

Neuilly-sur-Seine, France

Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

Sell -
Mergr

Product

Company

Legal