Hello, Guest!
  • Friday, November 22, 2024

Bidco Consortium Completes $3.3B Inmarsat Buyout


Jeff Brody

A buyout group comprised of Apax Partners, Warburg Pincus and two Canadian pension funds has completed the acquisition of global satellite communications company Inmarsat in an approximately $3.3B deal, SpaceNews reported Thursday.

The report said Inmarsat ceased trading on the London Stock Exchange Thursday, two days after the High Court of Justice  in  England and Wales cleared Connect Bidco’s acquisition of the British satcom provider.

Inmarsat – which earned $327.3M in third-quarter revenue – has a government arm that offers mobile satcom services to the U.S. defense, civilian, homeland security, intelligence and public safety sectors.

Video of the Day

Related Articles

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

IBM Strikes $6.4B Acquisition Deal for HashiCorp; Arvind Krishna Quoted M&A Activity

IBM Strikes $6.4B Acquisition Deal for HashiCorp; Arvind Krishna Quoted

IBM (NYSE: IBM) has agreed to acquire HashiCorp (Nasdaq: HCP) for approximately $6.4 billion, or $35 per share in cash, to expand its infrastructure and security lifecycle management capabilities designed to help organizations automate their multicloud and hybrid cloud environments amid the rapid deployment of artificial intelligence technologies. IBM said Wednesday the boards of directors

Sigma Defense Buys Electronic Warfare Tech Company EWA; Matt Jones Quoted M&A Activity

Sigma Defense Buys Electronic Warfare Tech Company EWA; Matt Jones Quoted

Sigma Defense Systems, a portfolio company of Sagewind Capital, has moved to expand its Combined Joint All-Domain Command and Control capabilities with its acquisition of Herndon, Virginia-based electronic warfare systems provider EWA. EWA was founded by President and CEO Carl Guerreri in 1977 to bring electronic warfare platforms, threat simulators, testing and training support and