Intelsat Announces Completion Of Acquisition By Zeus Holdings

Intelsat has announced the successful closing of the amalgamation under Bermuda law of Intelsat and a subsidiary of Zeus Holdings Limited ("Zeus"). Zeus is a company formed by a consortium of funds advised by Apax Partners, Apollo Management, Madison Dearborn Partners and Permira.

By Space Daily Editorial Team · Editorial process

Published January 30, 2005 · Updated March 15, 2026

Intelsat has announced the successful closing of the amalgamation under Bermuda law of Intelsat and a subsidiary of Zeus Holdings Limited (“Zeus”). Zeus is a company formed by a consortium of funds advised by Apax Partners, Apollo Management, Madison Dearborn Partners and Permira.

As a result of the closing of the transaction, those organizations and individuals that held shares in Intelsat immediately prior to the closing are entitled to receive $18.75 in exchange for each such share. The total value of the transaction, including approximately $2 billion of existing net debt, was approximately $5 billion.

Merrill Lynch and Morgan Stanley acted as financial advisors to Intelsat, Ltd. in connection with the transaction. Credit Suisse First Boston, Goldman, Sachs & Co. and Lehman Brothers Inc. acted as financial advisors to Zeus in connection with the transaction.

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