Connect Bidco take-private of Inmarsat
A private equity and pension consortium took Inmarsat private; each investor holds about 25%.
- Company
- Inmarsat
- Type
- M&A
- Status
- Completed
- Date
- Dec 2019
- Value
- Not disclosed
- Value basis
- Recommended cash offer; reported at about US$3.3bn to US$3.4bn equity value
- Region
- UK
- Segment
- Satellite operators
Parties
- Connect Bidco (Apax, Warburg Pincus, CPP Investments, Ontario Teachers') buyer
- Inmarsat shareholders seller
Key terms
- Offer announced
- 25 Mar 2019
- Ownership
- about 25% each
Sources
- Warburg Pincus: completes acquisition of Inmarsat warburgpincus.com · 3 Jan 2020
- European Commission merger decision M.10807 (ownership of Connect Topco) ec.europa.eu · 2023
Record ORB-INV-2019-0008. Investments are kept apart from the financings register and never counted in debt totals.
