Apax Partners SAS (“Apax”), a leading European private equity firm based in Paris is working with Providence Equity Partners (“Providence”), a premier private equity firm that specializes in the media, communications, education, software, and services industries, to acquire a majority shareholding in Marlink from Apax. The transaction results in an enterprise value for Marlink Group of approximately $1.4bn; further details were not disclosed.
Apax maintains a deep conviction in the Company’s growth prospects, will retain a significant minority shareholding. Marlink’s management team and world-leading investment house Ardian have also committed to minority interests.
Headquartered in Paris and Oslo, Marlink is a world-leading Satellite Service Operator (“SSO”) offering business-critical intelligent hybrid networks and digital solutions to empower the remote operations of a wide range of maritime, enterprise, energy, humanitarian, and government customers around the world.
Michaël Vervisch, Managing Director at Providence, added, “We have been impressed by the Company’s transformation into a branded broadband provider leveraging its own hybrid network and capturing scale benefits by taking a leadership role in the industry. Furthermore, we see significant future growth opportunities, including through offering value-added digital solutions.”
