Recent takeover activity paused on national security grounds

Recent takeover activity paused on national security grounds

On 17 September 2019, the Competition and Markets Authority (CMA) handed the Secretary of State for Digital, Culture, Media & Sport (Culture Secretary) its report on national security and competition issues in connection with the acquisition of British satellite telecommunications company Inmarsat plc (Inmarsat), by a consortium of buyers consisting of Apax Partners, Warburg Pincus International LLC, and the Canada Pension Investment plan (the Consortium).  

The CMA had first announced that it was investigating the transaction on 15 July 2019 on both competition and public interest grounds under the Enterprise Act. On 23 July 2019, the Culture Secretary announced that the acquisition of Inmarsat was also being investigated in relation to

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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.