- Astra is a Washington, DC based private equity firm
- Charlesbank is a middle-market private investment firm
- The firm is based in Boston and New York
Charlesbank Capital Partners has made a strategic investment in Searchlight Cyber, a UK-based dark web intelligence company.
Searchlight is based in Portsmouth.
Charlesbank will help Searchlight grow its business organically as well as through acquisitions, according to a release.
“The continued growth of the dark web poses systemic risks to both public and private enterprises,” said Darren Battistoni, MD at Charlesbank. “Searchlight’s expansive, user-friendly product suite, combined with its differentiated dataset, positions it as a leading innovator in this growing sector, illuminating the dark web to help customers stop cybercriminal activity.”
Searchlight has been owned by its co-founders, Ben Jones and Gareth Owenson, and Astra Capital Management since 2020. Searchlight’s co-founders will continue to lead the company and have retained their investment in the business.
Astra is a Washington, DC based private equity firm.
Charlesbank is a middle-market private investment firm based in Boston and New York.
No financial details of the transaction were disclosed.