Inmarsat

At exit, Inmarsat was the leading provider of global mobile satellite communications services. It had been designing, implementing and operating satellite networks for over 30 years. See how our backing helped Inmarsat evolve…

UK

Realised

Together we achieved

  • First-class management, efficient operation and a young and modern satellite fleet
  • Strong long-term growth potential
  • The strengthening of Inmarsat’s market-leading position with the first new satellite launch in 2005
  • The launch and manufacture of the i-4 range of satellites
  • A listing on the London Stock Exchange in October 2005

This was accomplished by

  • Strengthening the management team with skills and the ability to execute their value creation plan through the appointment of Chairman and Chief Executive Andy Sukawaty (former CEO and President of Sprint PCS) and CFO Rick Medlock (former CFO of NDS)
  • Focusing on building the existing services and investing in a new range of broadband data services
  • Significantly improving Inmarsat’s commercial effectiveness, with the efficiency programme delivering a 25% reduction in operating costs
  • Investing US$1.5bn in the design and creation of a new state-of-the-art network

www.inmarsat.com

The metrics

€1,700m

Transaction value

2003

Acquisition year

3.6x

ROI

2006

Exit year

Listed

Exit type