On 10 May 2019, a majority of Inmarsat plc shareholders – 77 per cent – agreed to the purchase of “… the entire issued and to be issued ordinary share capital…” of the company by a private consortium, Connect Bidco Limited (Bidco), formed for this purpose. Following this approval the deal is expected to be completed by the end of 2019.

 

Bidco, is an incorporated company formed and owned by the purchasing consortium made up of Apax Funds, Warburg Pincus Funds, Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan Board (OTPP). It is based in the British Crown dependency, Guernsey.