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Searchlight Capital's Investment in Harbortouch

Overview of Transaction

  • On June 1, 2016, Searchlight Capital Partners ("Searchlight") announced its partnership with Jared Isaacman, the founder and CEO of Harbortouch Payments, LLC ("Harbortouch" or the "Company"), jointly making a significant investment to support the Company's next phase of growth
  • Founded in 1999, Harbortouch is a large non-bank merchant acquirer and payment solutions provider in the United States
  • Searchlight is a leading private equity firm with a track record of partnering with leading corporate and founder-owned businesses across a wide range of industries and has approximately $3.3bn in assets under management

Significance of Transaction

  • Combines the industry expertise from Harbortouch's Management with the long-term capital and the strategic and operational support from Searchlight
  • Searchlight and Management have developed a detailed business plan that focuses on continuing to grow the Company's disruptive Point-of-Sale ("POS") as-a-service offering through investment in technology, entering new markets, and capitalizing on the secular trends of increasing SMB adoption of technology

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Searchlight in this transaction
  • Transaction highlights FT Partners' continued success advising leading companies and generating highly successful outcomes in the Payment space