{"id":56964,"date":"2021-08-10T01:33:29","date_gmt":"2021-08-09T17:33:29","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/private-equity-firm-providence-in-talks-to-acquire-marlink\/"},"modified":"2021-08-10T01:33:29","modified_gmt":"2021-08-09T17:33:29","slug":"private-equity-firm-providence-in-talks-to-acquire-marlink","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/private-equity-firm-providence-in-talks-to-acquire-marlink\/","title":{"rendered":"Private Equity Firm Providence in Talks to Acquire Marlink"},"content":{"rendered":"<\/p>\n<figure id=\"attachment_233453\" aria-describedby=\"caption-attachment-233453\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-233453\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2016\/06\/shipping.jpg\" alt=\"shipping maritime Marlink\" width=\"700\" height=\"510\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2016\/06\/shipping.jpg 700w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2016\/06\/shipping-300x218.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2016\/06\/shipping-275x200.jpg 275w\" sizes=\"(max-width: 700px) 100vw, 700px\"><figcaption id=\"caption-attachment-233453\" class=\"wp-caption-text\">Photo: Marlink<\/figcaption><\/figure>\n<\/p>\n<p>Private equity firm <b>Providence Equity Partners<\/b> is in talks to acquire satellite service provider <b>Marlink<\/b>. The companies said in a Monday announcement that any transaction would be subject to customary and regulatory approvals. Terms of the deal in the works were not disclosed.&nbsp;<\/p>\n<p>Marlink is currently owned by European private equity firm<b> Apax Partners<\/b>, which acquired the company from <b>Airbus<\/b> in 2016. Marlink is headquartered in Paris and Oslo, and is known for providing satellite services to maritime customers in shipping and cruise.&nbsp;<\/p>\n<p>This move comes after Marlink acquired <b>ITC Global<\/b> in May of this year. ITC Global expanded Marlink\u2019s portfolio in the energy and mining sector, with a focus on energy and high-end customers who need complex managed network solutions.&nbsp;<\/p>\n<p>Josh Flood, who runs the maritime research division at <b>Valour Consultancy<\/b>, said this acquisition does not come as a surprise given the amount of acquisitions and financial restructuring in the maritime connectivity sphere.&nbsp;<\/p>\n<p>\u201cMost private equity firms operate on a four to five year cycle, and Apax Partners is likely looking to capitalize on Marlink\u2019s incredible performance over the past several years, particularly over the 2020 pandemic,\u201d Flood commented to <em>Via Satellite<\/em>. \u201cIt\u2019s possible the firm\u2019s maritime business may have slowed down a touch this year and the new potential owner will likely spur Marlink on further as it looks to increase profitability in its services and also bring ITC Global and other new customers into its business.\u201d&nbsp;<\/p>\n<p>Flood predicts a strong performance from Marlink in the second half of the year.&nbsp;<\/p>\n<p>There have been a number of reorganization moves in the satellite service provider landscape in the past year, beyond the Marlink update. <b>Speedcast<\/b>, which serves energy as well as maritime customers, went through Chapter 11 bankruptcy and came out under new ownership, and <b>Viasat<\/b> acquired oil and gas service provider<b> RigNet<\/b><b>.<\/b> In the aviation sector, <b>Global Eagle<\/b>, has rebranded as <b>Anuvu<\/b>, and <b>Intelsat <\/b>acquired and absorbed <b>Gogo<\/b>\u2019s commercial aviation business. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Photo: Marlink Private equity firm Providence Equity Partners is in talks to acquire satellite service provider Marlink. The companies said in a Monday announcement that any transaction would be subject to customary and regulatory approvals. Terms of the deal in the works were not disclosed.&nbsp; Marlink is currently owned by European private equity firm Apax [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55944,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-56964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56964"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=56964"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/55944"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=56964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=56964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=56964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}