M&A Deal Summary

Falconhead Capital Acquires MTN Satellite Communications

On February 17, 2003, private equity firm Falconhead Capital acquired communications company MTN Satellite Communications for 30M USD

Acquisition Highlights
  • This is Falconhead Capital’s 1st transaction in the Communications sector.
  • This is Falconhead Capital’s largest (disclosed) transaction.
  • This is Falconhead Capital’s 2nd transaction in the United States.
  • This is Falconhead Capital’s 1st transaction in Florida.
Investment Fate
  • MTN Satellite Communications was sold to a consortium of financial buyers in 2005 for 110M USD.
  • MTN Satellite Communications was sold to a consortium of financial buyers in 2006.
  • MTN Satellite Communications was sold to a strategic buyer in 2015.

M&A Deal Summary
Date 2003-02-17
Target MTN Satellite Communications
Sector Communications
Buyer(s) Falconhead Capital
Deal Type Recapitalization
Deal Value 30M USD

Target

MTN Satellite Communications

Miramar, Florida, United States
MTN Satellite Communications, Inc. is a provider of communications and content services for remote locations around the world.

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Buyer(S) 1

Buyer

Falconhead Capital

New York, New York, United States
Category Private Equity Firm
Founded 1998
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Falconhead Capital is a private equity firm focused on making control investments in lower middle-market companies in the consumer, leisure/lifestyle and media sectors that benefit from the growing number of consumers with a higher standard of living. Falconhead seeks to invest $10 to $100 million per transaction and in conjunction with co-investors can invest up to $100 million. Prospective businesses should have revenues of $20 to $150 million and $5 to $30 million of EBITDA. Falconhead Capital was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 3 of 15
Sector (Communications) 1 of 1
Type (Recapitalization) 2 of 3
State (Florida) 1 of 2
Country (United States) 2 of 13
Year (2003) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-10 ESPN Classic Europe

London, United Kingdom

ESPN Classic Europe LLC operates a sports television channel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-23 Escort

West Chester, Ohio, United States

Escort is a premium line of automotive accessories and is the market leader in the design, manufacture and distribution of radar detectors and mobile data used for ticket protection.

Buy -
Mergr

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