M&A Deal Summary

Inmarsat Acquires Globe Wireless

On December 17, 2013, Inmarsat acquired communications company Globe Wireless from Summit Partners for 45M USD

Acquisition Highlights
  • This is Inmarsat’s 2nd transaction in the Communications sector.
  • This is Inmarsat’s largest (disclosed) transaction.
  • This is Inmarsat’s 2nd transaction in the United States.
  • This is Inmarsat’s 1st transaction in Florida.

M&A Deal Summary

Date 2013-12-17
Target Globe Wireless
Sector Communications
Buyer(s) Inmarsat
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 45M USD
Advisor(s) Redwood Capital Group LLC (Financial)

Target

Globe Wireless

Palm Bay, Florida, United States
Globe Wireless provides wireless communications for the maritime industry. It combines service and technology to simplify worldwide communications to and from ships at sea.

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Buyer(S) 1

Buyer

Inmarsat

London, United Kingdom

Category Company
Founded 1979
Sector Communications
Revenue 1.5B USD (2018)
DESCRIPTION

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Energy Broadband Business - Inmarsat

London, United Kingdom

Sell $25M

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 173 of 285
Sector (Communications) 14 of 16
Type (Add-on Acquisition) 81 of 127
State (Florida) 15 of 17
Country (United States) 163 of 246
Year (2013) 11 of 12
Size (of disclosed) 47 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 freenet digital

Berlin, Germany

freenet digital GmbH is a provider of entertainment, content and services, including wireless carriers and handset manufacturers for the digital consumer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Tippmann Sports

Buffalo Grove, Illinois, United States

Tippmann Sports LLC is manufactures high-performance paintball markers and accessories. Its products are sold through specialty paintball dealers, distributors, and the mass merchant channel.

Sell -