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Space. Marlink’s sale values maritime connectivity specialist at $1.4 billion (Jason Rainbow, Space News)

Private equity firm Providence Equity Partners has agreed to buy a majority stake in Marlink, valuing the maritime connectivity specialist at $1.4 billion.

U.S.-based Providence is acquiring the stake from French private equity firm Apax Partners, which said it will retain a significant minority shareholding.

The two private equity firms entered exclusive talks in August about a deal for Marlink, which buys capacity on satellite and terrestrial networks to connect remote operations for maritime, enterprise, energy, humanitarian and government customers.

Marlink’s sale values maritime connectivity specialist at $1.4 billion – SpaceNews