At what enterprise value was INMARSAT acquired in 2019?

During the acquisition of INMARSAT by APAX PARTNERS / WARBURG PINCUS in 2019, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of INMARSAT when it was acquired by APAX PARTNERS / WARBURG PINCUS?

The estimated EV/EBITDA multiple for INMARSAT is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was INMARSAT acquired by APAX PARTNERS / WARBURG PINCUS?

INMARSAT was acquired by APAX PARTNERS / WARBURG PINCUS in 2019.

What was the revenue of INMARSAT at the time of the deal?

The revenue of INMARSAT at the time of the deal is estimated to be in the range of 1b - 3b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of INMARSAT during the acquisition?

INMARSAT's EBITDA is estimated to be in the range of 450M - 900M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the INMARSAT acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the INMARSAT deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.apax.com/partnerships/inmarsat-2003/

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Home Database TMT (Tech, Media, Telecom)INMARSAT

03/2019

APAX PARTNERS & WARBURG PINCUS take majority stake in INMARSAT

UNITED KINGDOM Telecom / Operators EV 3b - 100b USD

Context

A high-profile financial consortium comprising Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board (CPPIB), and Ontario Teachers' Pension Plan (OTPP) has completed the public-to-private take-private acquisition of satellite communications pioneer Inmarsat. This all-cash offer, which was unanimously recommended by Inmarsat’s board of directors, delivered a significant 27% premium over the preceding share price, comfortably outbidding a prior acquisition proposal made by EchoStar. The institutional buyout secured critical early momentum by gaining the formal backing of hedge fund Lansdowne Partners, Inmarsat’s largest shareholder, which committed its 11.4% equity stake to the transaction. The investment thesis represents a premier, large-scale infrastructure and TMT platform buyout, meticulously designed to capitalize on Inmarsat’s strategic supremacy within the global satellite communications sector. By transitioning the asset into private ownership following an exhaustive due diligence process, the consortium establishes full control over a highly resilient, globally distributed network infrastructure characterized by strong cash-generation capabilities. The post-closing strategic rationale centers on deploying an extensive corporate restructuring and operational reorganization plan engineered to maximize capital efficiency, streamline technical workflows, and improve overall profitability.

INMARSAT, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Inmarsat is a British satellite operator founded in 1979 by the International Maritime Organization, providing critical mobile satellite communications services for governments, commercial enterprises, and humanitarian organizations on land, at sea, and in the air, with a global presence and a fleet of satellites producing essential information for maritime and aviation safety, offering embedded connectivity solutions and high-speed data services, holding a leading position in the mobile satellite services market, with a rich history and a solid business model, having evolved in the portfolio of Apax and Permira before being listed on the London Stock Exchange in 2005, and now being recognized as one of the main players in the satellite communications sector, with a range of innovative products and services designed to meet the needs of its customers in a constantly evolving market, and benefiting from an experienced management team and a well-defined business strategy, aiming to maintain its leading position in the market and continue to innovate to meet the needs of its customers and shareholders.

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REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 1b - 3b USD

EBITDA range: 450M - 900M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of INMARSAT by APAX PARTNERS / WARBURG PINCUS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: inmarsat

Acquirer: warburg pincus / apax partners