Affiliates of Searchlight Capital Partners & Abry Partners acquires KORE Group Holdings, Inc.
- Acquirer
- Affiliates of Searchlight Capital Partners & Abry Partners
- Target
- KORE Group Holdings, Inc.
- Deal Value
- $726M
- Status
- Completed
- Announced
- July 21, 2026
What happened
KORE announced the successful completion of its acquisition by affiliates of Searchlight Capital Partners and Abry Partners, taking the global IoT connectivity provider private. Trading of KORE common stock ceased and the company will operate as a private business following the transaction.
Why it matters
A private-equity take-private of a leading IoT connectivity specialist signals continued investor appetite for scale in IoT/MVNE platforms and may accelerate consolidation and product investment in global SIM/eSIM orchestration and managed IoT services. It also reduces public-market disclosure for a strategic vendor many carriers and enterprise IoT customers rely on, potentially speeding go‑to‑market changes.
Source: KORE Group press release
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