Home / M&A Activity / Report: Private Equity Group Inches Closer to $3.4B Inmarsat Acquisition

Report: Private Equity Group Inches Closer to $3.4B Inmarsat Acquisition

Jeff Brody

A consortium led by private-equity firms Warburg Pincus and Apax Partners is close to finalizing the purchase of global satellite communications company Inmarsat for approximately $3.4 billion after U.K. regulators found that the deal would not hurt competition or impact national security, Bloomberg reported Wednesday.

Connect Bidco, which includes Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, aims to close the transaction in the fourth quarter. The buyout group vowed to allow Inmarsat to continue operations in the U.K. over the next few years as well as research-and-development activities in compliance with the country’s laws.

Inmarsat works with the British government to secure borders and the satellite operator also provides communications support to military customers.

Check Also

Federal IT Services Vet Debbie Granberry Appointed Business Dev’t VP at HighPoint

Debbie Granberry, former general manager of government health services at Advanced Concepts and Technologies International, has joined HighPoint Global as vice president of business development.

NASA Taps Boeing to Produce Deep-Space Exploration Rocket Stages; Jim Chilton Quoted

NASA has chosen Boeing (NYSE: BA) to manufacture up to 10 core stages and eight upper stages to power the  Space Launch System on the agency's third to 12th deep-exploration missions under the Artemis program.