trending Market Intelligence /marketintelligence/en/news-insights/trending/yMwlXR6W8GtZZnWtJRcyWA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Apax Partners, Warburg Pincus-led consortium to buy Inmarsat for $3.4B

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

Strong Competition Remains For Thailand Digital Terrestrial TV Channel

Banking Essentials Newsletter - November Edition


Apax Partners, Warburg Pincus-led consortium to buy Inmarsat for $3.4B

Triton Bidco, a new joint venture formed by a consortium that includes private equity firms Apax Partners LLP and Warburg Pincus International LLC, has entered into an agreement to acquire British satellite operator Inmarsat PLC for about $3.4 billion in cash.

The consortium also includes Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board

Inmarsat shareholders will receive $7.21 in cash per Inmarsat share, comprising a cash consideration of $7.09 for each Inmarsat share as well as a final dividend of 12 cents per Inmarsat share to be paid on May 30 to shareholders on the register as of the close of business on April 23.

The deal, which will be covered by a court-sanctioned scheme of arrangement, is expected to be completed in the fourth quarter, subject to regulatory approvals.