Redmayne leaves CVC to join Searchlight

Redmayne held positions with CVC in London and Hong Kong, including head of the pan-Asia team responsible for cross-border transactions within the region. He was most recently a senior managing director. Deal experience includes a staged exit from Hong Kong Broadband Network in 2015 that generated CVC a 3.5x return on a HK$4.9 billion ($632 million) initial investment in 2012.

Redmayne, who started his career as an investment banker with Goldman Sachs in London, will join Searchlight as a partner in July. He is expected to build out capacity in areas such as business services, consumer, and technology, media and telecom (TMT), according to a release.

CVC has more than 50 investment professionals in Asia across offices in Hong Kong, Singapore, Tokyo, Seoul, Shanghai, Jakarta, Mumbai and Bangkok. They pursue control and minority-joint control deals with founders and family groups with a focus on consumer and services sectors. The firm closed its fifth Asia fund at the hard cap of $4.5 billion earlier this year. 

Searchlight is active across Europe and North America via bases in London, New York, and Toronto. It claims expertise in a range of transaction types, including leveraged buyouts, growth equity investments, and recapitalizations. The firm raised $3 billion for its third fund earlier this year. Assets under management total about $7 billion.

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