Travers Smith LLP has advised Inmarsat, a leading UK based satellite service provider, in relation to its employee and management incentives arrangements on its acquisition by Viasat Inc.
Viasat Inc is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets. Founded in 1986 and headquartered in California, Viasat Inc has offices in 24 countries around the world.
The combined company is a merger of two of the largest satellite operators and creates a new global communications provider with a collective fleet of 19 satellites in space. The company’s assets, once fully integrated, are expected to increase the pace and scope of innovation in the global satellite connectivity sector.
The acquisition was subject to a regulatory approval process, requiring approval from US, UK and EU regulatory bodies.
The Travers Smith advisory team included Partner Adam Orr and Senior Counsel Joanna Roberts providing corporate advice and Partner Mahesh Varia and Senior Associate Claire Prentice providing incentives advice.
