Providence Equity Partners Closes Acquisition of Majority Stake from Apax Partners

London, UK, July 1, 2022-- Providence Equity Partners completes of the acquisition of a majority shareholding  from Apax Partners SAS.
 Under the agreement terms, Apax will retain a significant minority shareholding in Marlink, and the current management team and Ardian have also committed to minority interests.

Headquartered in Paris and Oslo, Marlink is a  provider of business-critical smart networks and digital solutions, empowering remote operations for a wide range of maritime, enterprise, energy, humanitarian and government customers around the world. "Providence’s investment aims to accelerate Marlink’s growth strategy to meet increasing customer demand for satellite connectivity with a focus on digital solutions and services according to the company.
 
Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns.
 
Since its founding in 1989, Providence has invested over US $31 billion across more than 170 private equity portfolio companies. With its headquarters in Providence, RI, the firm also has offices in New York, London, Boston and Atlanta.