Buyout (LBO, MBO, MBI) • Communications

The Blackstone Group Acquires New Skies Satellites N.V.

On November 1, 2004, private equity firm The Blackstone Group acquired communications company New Skies Satellites N.V. for 908M USD

Acquisition Context
  • This is The Blackstone Group’s 17th transaction in the Communications sector.
  • This is The Blackstone Group’s 107th largest (disclosed) transaction.
  • This is The Blackstone Group’s 1st transaction in the Netherlands.
Investment Fate
  • New Skies Satellites N.V. was sold to a publicly-traded strategic buyer in 2005 for 1.2B USD.

Explore All 547 Buyout (LBO, MBO, MBI) Communications Deals - Search the Database Free


M&A Deal Summary

Date November 1, 2004
Target New Skies Satellites N.V.
Sector Communications
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 908M USD
Advisor(s) Goldman Sachs
Rothschild Global Advisory (Financial)
Cleary Gottlieb Steen & Hamilton
De Brauw Blackstone Westbroek (Legal)

Target Company

New Skies Satellites N.V.

The Hague, Netherlands
New Skies Satellites is one of only four fixed satellite communications companies with truly global satellite coverage, offering video, data, voice and Internet communications services to a range of telecommunications carriers, broadcasters, large corporations, Internet service providers and government entities around the world.
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Buyer Overview 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


Deal Context for Buyer #
Overall 78 of 365
Sector: Communications 17 of 25
Type: Buyout (LBO, MBO, MBI) 32 of 82
Country: Netherlands 1 of 5
Year: 2004 12 of 13
Size (of disclosed) 107 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 People s Choice TV corp

Shelton, Connecticut, United States

People's Choice TV provided wireless cable and internet access services.

Buy $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Gerresheimer

Dusseldorf, Germany

Gerresheimer is an international packaging and systems solutions specialist, particularly in the pharmaceutical and cosmetic industries. Gerresheimer was founded in 1864 and is based in Dusseldorf, Germany.

Buy $704M