Investment Summary

Searchlight Capital Partners and J.P. Morgan & Co. Invest In Sightline

On December 9, 2020, private equity firm Searchlight Capital Partners and J.P. Morgan & Co. invested in information technology company Sightline

Investment Highlights
  • This is Searchlight Capital Partners’ 3rd and J.P. Morgan & Co.’s 1st transaction in the Information Technology sector.
  • This is Searchlight Capital Partners’ 12th and J.P. Morgan & Co.’s 1st transaction in the United States.
  • This is Searchlight Capital Partners’ 1st and J.P. Morgan & Co.’s 1st transaction in Nevada.

Investment Summary

Date 2020-12-09
Target Sightline
Sector Information Technology
Investor(s) Searchlight Capital Partners
J.P. Morgan & Co.
Deal Type Growth Capital

Target

Sightline

Las Vegas, Nevada, United States
Sightline is a dynamic Financial Technology (FinTech) company that enables the next generation of cashless, mobile, and omnichannel commerce solutions for the gaming, lottery, sports betting, entertainment, and hospitality ecosystems. Sightline is based in Las Vegas, Nevada.

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Investor(S) 2

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 25 of 42
Sector: Information Technology M&A 3 of 4
Type: Growth Capital M&A Deals 7 of 14
State: Nevada M&A 1 of 1
Country: United States M&A 12 of 24
Year: 2020 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Consolidated Communications

Mattoon, Illinois, United States

Consolidated Communications is an integrated communications services company that operates as both an Incumbent Local Exchange Carrier and a Competitive Local Exchange Carrier dependent upon the territory served. Consolidated provides an array of services in consumer, commercial and carrier channels in 11 states, including local and long-distance service, high-speed broadband Internet access, video services, VoIP, custom calling features, private line services, carrier grade access services, network capacity services over our regional fiber optic networks, data center and managed services, directory publishing, equipment sales and cloud data services. Consolidated Communications was incorporated in 1894 and is based in Mattoon, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Technical Airborne Components

Milmort, Belgium

Technical Airborne Components designs and manufactures rods and struts for the aerospace industry. TAC is recognized worldwide as the reference source for high-quality, custom-engineered control, structural and system rods. Its expertise in design, development, and manufacturing of metallic & composite struts and rods is complemented by related machined parts (e.g. cranks, brackets), special tubular links, telescopic rods, torque shafts, and special rod ends. Technical Airborne Components was founded in 1981 and is based in Milmort, Belgium.

Buy -
Investor

J.P. Morgan & Co.

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

J.P. Morgan & Co. is a provider of financial services for individuals, businesses, and governments.


DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Nevada M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-16 J.P. Morgan Chase & Co - Seven Branches

United States

J.P. Morgan Chase & Co - Seven Branches provides various banking services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-22 Aumni

Cottonwood Heights, Utah, United States

Aumni is an investment analytics company delivering the most reliable data and insights for the private capital markets. The company has developed a cloud-based, global technology platform that provides portfolio monitoring and market analytics to private market investors. Aumni was formed in 2018 and is based in Cottonwood Heights, Utah.

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