MediaMath has announced that it has consummated a comprehensive recapitalization transaction whereby certain existing shareholders and financial stakeholders, including funds advised by Searchlight Capital Partners, L.P. (Searchlight), have committed to invest up to US$150 million into the business through a mix of new capital and a refinancing of existing debt. In concert with the recapitalization, an affiliate of Searchlight merged with and into MediaMath Holdings, Inc., and Searchlight became the indirect majority owner of MediaMath.

Latham & Watkins LLP represents Searchlight in the transaction with a corporate deal team led by New York partner David Beller and New York counsel Edmond Parhami, with associates William Tevlin and Shanta Chirravuri. Advice was also provided on restructuring matters by New York partners George Davis and George Klidonas, with associates Alistair Fatheazam, Brian Rosen, and Misha Ross; on private equity finance matters by New York partner Scott Ollivierre, with associates Jordan Gratch and Chen Tang; on tax matters by New York partner Matthew Dewitz, with associate Ron Moore; and on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin.