Marlink private equity sale agreed at $1.4bn valuation

The sale of Marlink to private equity firm Providence Equity Partners has been agreed, valuing the satellite service provider at approximately $1.4 billion.

Marlink’s current private equity owners, France-based Apax Partners, announced that it had entered exclusive discussions with Providence on a potential sale last month.

Providence, an investment firm specialising in the media, communications, education, software and services industries, will acquire a majority shareholding in Marlink under the deal. Apax will retain an undisclosed minority shareholding, described as “significant.” Marlink’s management team and investment house Ardian have also committed to minority interests.

“Marlink offers a comprehensive set of smart network solutions combining the entire spectrum of satcom and terrestrial connectivity, IT, cloud, cyber security and IoT managed services,” said Karim Tabet, Senior Managing Director at Providence.

“We are pleased to be partnering with such an outstanding business, and, together with Apax and Ardian, we look forward to supporting Erik Ceuppens and his team as Marlink continues to be a market leader and seeks to capitalise on increased demand for higher bandwidth connectivity and digital solutions.”

The transaction is expected to close in the first half of 2022, subject to customary and regulatory approvals.

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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