M&A Deal Summary

Intelsat Acquires PanAmSat

On August 30, 2005, Intelsat acquired media company PanAmSat from The Carlyle Group and Providence Equity Partners for 3.2B USD

Acquisition Highlights
  • This is Intelsat’s 1st transaction in the Media sector.
  • This is Intelsat’s largest (disclosed) transaction.
  • This is Intelsat’s 1st transaction in the United States.
  • This is Intelsat’s 1st transaction in New York.

M&A Deal Summary

Date 2005-08-30
Target PanAmSat
Sector Media
Buyer(s) Intelsat
Sellers(s) The Carlyle Group
Providence Equity Partners
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Morgan Stanley (Financial)
Simpson Thacher & Bartlett (Legal)

Target

PanAmSat

New York, New York, United States
PanAmSat Corp. is a premiere global provider of fixed satellite services to video, data networking and government customers.

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Buyer(S) 1

Buyer

Intelsat

Luxembourg, Luxembourg

Category Company
Founded 1965
Sector Communications
DESCRIPTION
Intelsat's office in McLean, Virginia.
Intelsat's office in McLean, Virginia.

Intelsat is a provider of fixed satellite services worldwide, delivering advanced transmission access for information and entertainment to some of the world’s leading media and network companies, multi-national corporations, internet service providers and governmental agencies. Intelsat was formed in 1965 and is based in Luxembourg.


DEAL STATS #
Overall 1 of 2
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Gogo - Commercial Aviation Business

Chicago, Illinois, United States

Gogo, Inc.'s Commercial Aviation Business is a provider of global satellite and ground network with software platform, ISP and network management infrastructure.

Buy $400M

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 62 of 480
Sector (Media) 2 of 13
Type (Add-on Acquisition) 34 of 197
State (New York) 2 of 18
Country (United States) 45 of 259
Year (2005) 14 of 19
Size (of disclosed) 5 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-30 China Real Estate Network

Tianjin, China

China Real Estate Network is a real estate brokerage company in China with the nationwide network coverage. Services include secondary property selling, purchasing, and leasing, secondary market proprietary trading, agency sales for real estate developers, renovation, insurance and mortgage brokerage services.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 ZCom Company

Nanjing, China

ZCom Company Ltd. designs and provides a digital content delivery platform based on peer-to-peer technology.

Buy -
SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 11 of 100
Sector (Media) 2 of 23
Type (Add-on Acquisition) 5 of 40
State (New York) 1 of 9
Country (United States) 8 of 68
Year (2005) 1 of 1
Size (of disclosed) 9 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-11 SunGard Data Systems

Wayne, Pennsylvania, United States

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.

Buy $11.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 TDC Group

Copenhagen, Denmark

TDC Group is a provider of communications and entertainment solutions. TDC Group has become two companies, each with its own core areas, which work towards a digital future, TDC NET delivers the best mobile network and the fastest fixed-line connections – and represents Denmark’s digital future with a roll-out of fiber and 5G. Nuuday is the leading service provider of digital services within TV, broadband, network, and telephony for private customers and businesses and consists of nine-strong brands.

Buy $15.8B