Searchlight in its $726 million acquisition, together with Abry, of KORE

On February 27, 2026, KORE Group Holdings, Inc. (NYSE: KORE), the global pure-play Internet of Things hyperscaler and leading provider of IoT Connectivity, Solutions and Analytics, Searchlight Capital Partners, L.P. and Abry Partners announced that they have entered into a definitive agreement and plan of merger under which Searchlight and Abry will acquire all of the shares of KORE’s issued and outstanding common stock that are not currently owned by them in an all-cash transaction valued at approximately $726 million.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Searchlight.