Tag Archives: HPS Investment Partners

Speedcast Receives CFIUS Clearance for Globecomm Deal

Speedcast International announced Thursday that the Committee on Foreign Investment in the United States (CFIUS) has approved the company’s $135M acquisition of Globecomm Systems. CFIUS found no unresolved national security concerns holding up the acquisition. Speedcast expects the purchase of Globecomm to finalize before the end of 2018, pending customary closing conditions. On Aug …

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Speedcast Makes Government Satcom Market Push Through $135M Globecomm Buy

Satellite communications company Speedcast International has agreed to purchase Hauppauge, N.Y.-based Globecomm Systems from affiliates of Tennenbaum Capital Partners and HPS Investment Partners for approximately $135M to expand footprint across the government, enterprise and maritime sectors. Australia-based Speedcast said Monday it expects the transaction to conclude in the fourth quarter of …

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