Platform·Technology/Software·February 27, 2026
Searchlight and Abry complete $726 million KORE take-private
The take-private of the Atlanta-based IoT connectivity and analytics provider values the company at $9.25.
Takeaways
- Searchlight and Abry completed the $726 million acquisition first announced in February.
- KORE provides global IoT connectivity, managed services and analytics.
- KORE's shares will be delisted from the New York Stock Exchange.
BuyerSearchlight Capital Partners
TargetKORE
TypePlatform
GeographyAtlanta, Georgia
IndustryTechnology
Sub-sectorSoftware
Searchlight Capital Partners and Abry Partners have taken KORE Group Holdings private in a $726 million transaction, moving the Atlanta-based provider of Internet of Things connectivity, managed services, location services and analytics off the New York Stock Exchange.
The transaction, first announced in February, values the company at $9.25.
The sponsors said private ownership will give KORE greater flexibility to invest in its technology and support customers deploying IoT applications globally.
Daily PE deal brief
Get Buyout Desk email updates.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up on the site. Email updates are not on a fixed schedule.