Circle Surrogacy

The Deal

Bought By

Steuart Botchford and Sam Hyde

Year

2017

Vehicle

Backed by Search Fund Partners, Pacific Lake Partners, Hunter Trust, The Cambria Group and Applied Equity

Kind

Services

A Boston surrogacy agency that matches intended parents with surrogates and runs the legal, medical, insurance and social-work coordination of a journey, with offices in New York, San Francisco, Washington and London.

What Happened Next

Both backers report exiting in 2022 and neither names a buyer or a structure. One of the two searchers is still president by the company's own account.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.

• Search Fund Partners' own account searchfunds.net
• Pacific Lake Partners' own account pacificlake.com
• The company's own account circlesurrogacy.com
• Hunter Search Capital's own account huntersearchcapital.com
• The Cambria Group's own account cambriagroup.com
• Applied Equity's own account applied-equity.com

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. One backer gives the trade and says it invested in 2017 and exited in 2022, naming no person. The other's table names Steuart Botchford and Sam Hyde against 2017. The company's own site names Sam Hyde as president and says nothing about ownership or about how he arrived.