“Inmarsat Agrees to $3.4 Billion Takeover”

A consortium comprised of U.S. U.K., and Canada-based private equity companies agreed to buy Inmarsat for $3.4 billion. The consortium, made up of Apax Partners, Warburg Pincus International, and Canada Pension Plan Investment Board (CPPIB), disclosed the proposal for the takeover last week, although it was made on Jan. 31. Lansdowne Partners, which currently owns 11.4 percent of the company, backed the deal, according to a report from Bloomberg.