Partners Group has provided an undisclosed amount of junior debt financing to satellite communications services provider Vizada. Based in Paris, Vizada was created in 2007 from the merger of the satellite services businesses of France Telecom SA and Telenor ASA. Vizada is owned by private equity firm Apax France.
Partners Group invests in satellite communication services provider Vizada on behalf of its clients
Partners Group, the global private markets investment manager, provided junior debt to Vizada, a global distributor of satellite communication services. Vizada is headquartered in Paris and has offices in Norway, the Netherlands, Germany, the United States, Brazil, Dubai, Algeria, Hong Kong and Singapore.
Vizada was created in 2007 from the merger of the satellite services businesses of France Telecom SA and Telenor ASA and is owned by Apax France. Vizada has over 750 employees and is the leading independent global distributor of satellite communication services, buying bandwidth from satellite operators and reselling it to clients and local service providers with a range of value-added services. The group has performed well during the downturn due to the underlying growth in its core business, namely commercial maritime and defense markets and management’s ability to deliver cost synergies. Due to the growth in the aeronautical segment and rising demand from emerging markets, the satellite communications industry is expected to continue to grow steadily over the coming years.
Juri Jenkner, Head of Partners Group’s London office and Managing Director in the Private Debt practice at Partners Group comments: “We are pleased to be a junior debt lender to Vizada, which is an important player in the fast growing satellite communication industry. We believe that Vizada’s market leadership and its geographic, client and end-market diversification will support the stability of the company.”
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 20 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, London, Guernsey, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 400 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of above CHF 4.5 billion with a clear majority owned by its 36 Partners and all employees.