M&A Deal Summary

Centerbridge Partners Acquires SpeedCast

On August 13, 2020, asset manager Centerbridge Partners acquired communications company SpeedCast

Acquisition Highlights
  • This is Centerbridge Partners’ 2nd transaction in the Communications sector.
  • This is Centerbridge Partners’ 30th transaction in the United States.
  • This is Centerbridge Partners’ 5th transaction in Texas.

M&A Deal Summary
Date 2020-08-13
Target SpeedCast
Sector Communications
Buyer(s) Centerbridge Partners
Deal Type Special Situations/Distressed
Advisor(s) Weil Gotshal & Manges
Herbert Smith Freehills (Legal)

Target

SpeedCast

Houston, Texas, United States
Speedcast is a provider of remote communications and IT services in the world. Speedcast’s fully managed service is delivered via a leading global, multi-access technology, multi-band and multi-orbit network of 70+ satellites, and an interconnecting global terrestrial network, bolstered by extensive on-the-ground local support from 40+ countries. This global “network of networks” allows customers to fully rely on the most robust, integrated infrastructure available in the market for their mission-critical applications. Speedcast is uniquely positioned as a strategic business partner, tailoring communications, IT, and digital solutions to meet unique customer needs and enable business transformation. With a passionate customer focus and a strong safety culture, Speedcast serves more than 2,000 customers in more than 140 countries in sectors such as Maritime, Energy, Mining, Enterprise, Media, Cruise, NGOs and Government. Speedcast was formed in 1989 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2005
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 37 of 47
Sector (Communications) 2 of 2
Type (Special Situations/Distressed) 2 of 2
State (Texas) 5 of 5
Country (United States) 30 of 39
Year (2020) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-15 GoHealth

Chicago, Illinois, United States

GoHealth is a health insurance marketplace whose mission is to improve access to healthcare in America. The Company's technology platform leverages modern machine-learning algorithms powered by nearly two decades of insurance behavioral data to reimagine the optimal process for helping individuals find the best health insurance plan for their specific needs. GoHealth was founded in 2001 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 AHEAD

Chicago, Illinois, United States

AHEAD is a consulting company that helps enterprises transform how and where they run applications and infrastructure. AHEAD creates tailored cloud solutions for enterprises at all stages of the cloud journey. AHEAD was founded in 2007 and is based in Chicago, Illinois.

Buy -
Mergr

Product

Company

Legal