Searchlight to acquire Opus for $239m.

Searchlight Capital Partners, a global private investment firm, agreed to acquire Opus Group, a vehicle inspection company for $239m. "Having followed Opus' development over a number of years, we have been impressed by the achievements of the management team. Our Offer represents an attractive valuation for shareholders, reflecting a premium of around 41%. We believe there is significant investment required to achieve the long-term potential of the business, with Searchlight as an active owner of Opus. We look forward to working with the management team to support Opus as it continues to strengthen its position as a global leader in vehicle inspection and advanced automotive diagnostics," Oliver Haarmann, Searchlight Founding Partner.