Searchlight Capital Partners, a private equity firm, completed the $150m investment in KORE Group Holdings, the global pure-play Internet of Things hyperscaler and provider of IoT connectivity, solutions and analytics. “Searchlight has been looking for the right opportunity to invest in the IoT market, a high-growth segment of communications with increasing strategic importance as 5G networks become more prevalent globally. In KORE, we believe we have found a best-in-class operating business with an experienced management team. KORE has a strong competitive position in IoT and many exciting organic and acquisition-related growth opportunities. We look forward to working with Romil and his team, as well as the Company’s Board of Directors, to drive long-term value creation for all stakeholders,” Andrew Frey, Searchlight Partner.