Announced
Completed
Apax Partners, Warburg Pincus, OTPP, and CPPIB completed the acquisition of Inmarsat for $5.5bn.
Financials
Sources
Scheme document
Inmarsat -
Cooperation Agreement
Inmarsat -
RNS Announcement
Apax Partners -
Scheme of Announcement
Inmarsat -
Engagement Letter
Inmarsat -
RNS Announcement
Templeton Emerging Markets Investment Trust -
Update on Bidco's debt financing arrangements
Connect Bidco -
Update on Bidco's debt financing arrangements
Connect Bidco -
Update on CFIUS and Team Telecom Approvals
Connect Bidco -
Update on Bidco's debt financing arrangements
Connect Bidco -
RNS Announcement
Inmarsat -
RNS Announcement
Inmarsat -
Statement in relation to additional evidence
Inmarsat -
Statement by Bidco relating to additional evidence
Connect Bidco -
No increase and no extension statement
Connect Bidco -
Convertible Bond Offer Update
Connect Bidco -
Average Market Exchange Rate Announcement
Connect Bidco -
Rule 19.6(b) update
Connect Bidco -
Tags
Acquisition
Public
satellite communication
Private Equity
Satellite
United Kingdom
Friendly
Majority
Single Bidder
Cross Border
Completed
Synopsis
Apax Partners, Warburg Pincus, and CPPIB completed the acquisition of Inmarsat, a British satellite telecommunications company for the $5.5bn. The $7.21 in cash per share offer represents a 46% premium to the closing price of 375 pence per Inmarsat Share on 30 January 2019. “Inmarsat is a business that continues to grow as we invest in our infrastructure to support our customers’ requirements. Increasingly, these requirements are for higher performance broadband connectivity. The expertise and skills of our employees, together with continued investment in our technology and infrastructure, are integral to delivering on our growth potential. We are pleased that the Consortium recognizes this and that we are able to present this offer to shareholders,” Andrew Sukawaty, Inmarsat Non-executive Chairman.
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