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New Deal


Announced

Completed

Viasat completed the acquisition of RigNet from KKR for $222m.

Financials

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Transaction Value£164m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA7.45x
Share Price Premium17.9%
One Off Charge-

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Friendly

Majority

IT Services: Other

Acquisition

networking solutions

Public

Domestic

Single Bidder

United States

Private Equity

Completed

Synopsis

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Viasat, an American communications company, completed the acquisition of RigNet, a provider of ultra-secure, intelligent networking solutions and specialized applications, from KKR for $222m. "RigNet will bring extensive sector expertise, an established customer base and a global communications delivery infrastructure to help further accelerate Viasat's ability to provide high-quality, ubiquitous, affordable broadband connectivity and communications to the hardest-to-reach locations around the globe. With the close of this transaction, we look forward to integrating RigNet and its global team into the Viasat family," Rick Baldridge, Viasat President and CEO.

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