November M&A Transactions
November 8 – Viasat Inc. (Viasat) announced that it will acquire Inmarsat plc for $850m in cash, 46.36m shares of Viasat valued at $3.1b and $3.4b in assumed debt, producing an overall transaction value of more than $7.3b. The transaction is expected to close in the second half of 2022, subject to regulatory approvals. The combined company will provide services in the broadband, mobility and defense segments, with spectrum rights in the Ka-, L- and S-bands, 19 satellites on-orbit and 10 satellites expected to be deployed over the course of the next three years.
November 10 – Planet Labs, Inc. (Planet) announced that it will acquire VanderSat, a Netherlands-based provider of advanced data and analytics focused on the Earth’s surface conditions, for $10m in cash and $18m in shares of Planet. The transaction is expected to close later this year.
November 15 – Rocket Lab USA, Inc. (Rocket Lab) announced that it will purchase Planetary Systems Corporation, a Maryland-based manufacturer of satellite separation systems, in a transaction valued at $81.4m, based on $42m in cash and roughly 1.72m shares of Rocket Lab, as well as a financial performance earnout bonus of approximately 956,000 additional shares. The acquisition is expected to close before the end of the year.
