Ogier advises consortium on financing of $3.4 Billion Take Private of Inmarsat

Ogier has advised a consortium consisting of Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, on the Guernsey and Luxembourg financing aspects of the $3.4 billion take private of Inmarsat.

The take private of Inmarsat, the British satellite communications group, was announced on 25 March 2019. It comprised a cash consideration of US$7.21 per share, valuing Inmarsat at approximately $3.4 billion, which is equivalent to £2.6 billion based on the Announcement Exchange Rate.

Ogier's Guernsey team included partner Christopher Jones, managing associate Paul Chanter and associate Jonathan Branch, who advised on Guernsey law aspects of the transaction.

Christopher said: "It was a pleasure, as ever, to work with the Kirkland & Ellis team on this complex and significant transaction for our consortium clients."

Ogier's Luxembourg team included partner Laurent Thailly, counsel Nicolas Mille, senior associate Sarah Verlende and associate Caleb Holder, who advised on Luxembourg aspects of the transaction.

Laurent Thailly said: "We are delighted to have worked with Kirkland & Ellis and our Guernsey colleagues to see this important deal through to completion. It has once again allowed Ogier to demonstrate its commitment to significant players in the private equity space."