Panamset investors make out well

Steve Rosenbush

Intelsat said today it would buy rival satellite operator PanAmSat for $3.2 billion in cash.
The deal reflects private equity’s intense interest in the sector. A group of private equity companies including Kohlberg, Kravis Roberts; Carlyle Group and Providence Equity Partners bought Panamsat from News Corp. last year for $2.6 billion. Intelsat was purchased this year by Apax Partners, Apollo Management, MDP Global and Permira Advisors.

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