Searchlight, Abry to acquire KORE Group; Almanac invests in Alterra IOS

Deal Wrap is updated as of 3 p.m. ET.

– Searchlight Capital Partners LP and Abry Partners LLC agreed to acquire all shares of KORE Group Holdings Inc. — a provider of internet-of-things solutions — that they do not currently own, in an all-cash deal valued at about $726 million. Rothschild & Co is serving as financial adviser and Richards Layton & Finger PA is acting as legal adviser to a special committee of the KORE board. Troutman Pepper Locke LLP is serving as legal adviser to KORE, while TD Cowen is acting as financial adviser to Searchlight and Abry. Wachtell Lipton Rosen & Katz and Kirkland & Ellis LLP is acting as legal adviser to Searchlight and Abry, respectively.

– Almanac Realty Investors LLC made a minority investment in industrial real estate platform Alterra IOS Manager LLC.

– Wise Equity SGR SpA agreed to acquire a majority stake in vending machine company F.A.S. International SpA.

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