Connect Bidco (Apax, Warburg Pincus, CPP, Ontario Teachers') Acquires Inmarsat

SES Completes Acquisition of Intelsat

July 17, 2025

Telecommunications

SES has completed its acquisition of Intelsat, creating a strengthened multi-orbit satellite operator with an expanded fleet and combined capabilities across GEO, MEO and access to LEO. The deal brings together complementary satellite assets, ground networks and teams to expand government, aviation, maritime and media connectivity offerings and capture cost synergies.

Network Innovations Acquires Infosat Communications from Telesat

September 1, 2024

Telecommunications

Network Innovations has acquired Infosat Communications, a satellite services business formerly owned by Telesat Corporation, with the first closing of the sale occurring on September 1, 2024. The acquisition adds Infosat’s remote connectivity expertise (including maritime and enterprise services) to Network Innovations’ global technology integration capabilities and will be closed in phases pending regulatory approvals.

Intelsat Acquires Gogo's Commercial Aviation Business

August 31, 2020

Telecommunications

Intelsat agreed to acquire the commercial aviation business of Gogo for $400 million in cash, combining Intelsat's global satellite network with Gogo's installed base of more than 3,000 commercial aircraft. The deal (approved by the U.S. Bankruptcy Court for the Eastern District of Virginia) is intended to expand Intelsat's in-flight broadband capabilities and deliver integrated IFEC solutions to airlines and passengers.

GapSat Acquires QBX Limited

January 16, 2023

Telecommunications

GapSat Development Group Limited acquired Isle of Man–based QBX Limited to obtain a portfolio of satellite radio frequency spectrum filings and related intellectual property. The acquisition positions GapSat to accelerate development of a geostationary satellite constellation and expand capability to serve aero-mobility and marine connectivity markets.

Marlink Group Acquires ITC Global

January 22, 2021

Telecommunications

Marlink Group, an Apax Partners portfolio company, entered into a definitive agreement to acquire 100% of ITC Global, a US-based provider of enterprise satellite communications solutions. The deal (originally announced January 2021 and completed after regulatory approvals) will integrate ITC Global into the Marlink platform to expand the Group's managed satcom capabilities and strengthen its presence in the energy, enterprise and maritime markets — particularly in the US, the UK and Australia.

Permira Acquires Majority Stake in Boats Group from Apax Partners

December 29, 2020

E-Commerce

A company backed by the Permira funds has agreed to acquire a majority stake in Boats Group from funds advised by Apax Partners. Boats Group, a Miami-based online classifieds marketplace and technology provider for the recreational marine industry (brands include YachtWorld, Boat Trader and boats.com), will partner with Permira to expand internationally and develop new products and services; financial terms were not disclosed.