Apollo Management, Apax Partners, Madison Dearborn Partners and Permira made a more than 100 percent internal rate of return over more than three years from their sale earlier this month of US satellite operator Intelsat for $16.5 billion (€11.2 billion), according to a statement by Swiss limited partner Partners Group.
Four firms secure Intelsat windfall(2)
The buyout firms selling the satellite operator for $16.5 billion have benefitted from their lenders’ decision to part-finance the BC Partners-led acquisition agreed shortly before the credit crunch.
