M&A · Tech · Communications Services, NEC
Searchlight Capital Partners and Abry Partners to acquire KORE Group Holdings, Inc.
Announced Feb 27, 2026 · Closed Jul 21, 2026
Deal value$726MEV $726M
Premium132.0%To unaffected price
EV / Adj. EBITDA18.8x2.5x EV / Revenue
ConsiderationAll cash$9.25 per share
Transaction
- Acquirer
- Searchlight Capital Partners and Abry Partners
- Target
- KORE Group Holdings, Inc. (KORE)
- Buyer type
- Private equity
- Offer price per share
- $9.25
- Enterprise value
- $726M
- Status
- Closed Jul 21, 2026
Deal protections
- Break fee (target pays)
- $7.2M · 1.0%
- Reverse fee (buyer pays)
- $12.0M · 1.7%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- TD Cowen
- To the target
- Rothschild & Co
- Rothschild & Co fee
- $5.0M
Sector context · Tech
- Comparable deals
- 69 in the prior 24 months
- Premium
- 132.0% vs. 37.1% sector median
- EV / Adj. EBITDA
- 18.8x vs. 15.9x sector median
- Break fee
- 1.0% vs. 3.0% sector median
Timeline
- AnnouncedFeb 27, 2026
- Proxy filedApr 14, 2026
- Definitive proxyJun 12, 2026
- Shareholder voteJul 16, 2026
- ClosedJul 21, 2026
Valuation · fairness opinions
Discounted cash flow$3.15$11.80
Premiums paid$1.40$1.80
Premiums paid$4.80$6.10
Discounted cash flow$2.40$3.05
Discounted cash flow$3.15$4.00
Offer $9.25
Implied value per KORE Group Holdings, Inc. share by analysis, from Rothschild & Co.