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.

Check Also


Vigor Industrial Subsidiary to Modernize Navy Destroyer Ship Under Potential $156M Contract

Vigor Industrial's marine subsidiary has secured a potential $155.6M firm-fixed-price contract to help the U.S. Navy modernize and maintain the USS McCampbell guided missile destroyer. The company will update the ship's mechanical and electrical systems, hull and communications, digital video surveillance and warfighting equipment as part of a depot maintenance availability, the Department of Defense said Monday.


Parsons Gets $178M Intell Community Security Analysis IDIQ; Robert Miller Quoted

Parsons (NYSE: PSN) has secured a potential five-year, $178M contract to help the U.S. intelligence community analyze measures for securing physical and technical assets.