Tuesday, June 19, 2007

BC Partners buys Intelsat $4.6 bln majority stake

(Reuters) - The private equity group is buying a 76 percent stake in Intelsat, leaving the current private equity owners Apax Partners , Permira , Apollo Management and Madison Dearborn Partners, as well as management, with a 24 percent stake.




Intelsat has $11.4 billion of debt and the company will take on another $3.85 billion of debt at closing.


Read more at Reuters.com Mergers News

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