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Travers Smith advises Inmarsat management on new management incentive plan

Overview

Travers Smith has advised the management team of Inmarsat on the implementation of a new management incentive plan following the completion of a take private transaction by a four party consortium of Apax, Warburg Pincus, The Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board.

Founded in 1979 originally to provide safety services via satellite to mariners in distress, Inmarsat offers the broadest portfolio of connectivity services and value-added solutions across customers in the air, at sea and on the land.  It has an unrivalled track record of operating the world’s most reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety & operational applications.

The Travers Smith team was led by Private Equity & Financial Sponsors Partner Adam Orr, assisted by Senior Associate Richard Hornshaw and Associate Shannon Anstee. Tax advice was provided by Partner Jess Kemp and Associates Tom Margesson and Katherine Williamson. Incentives & Remuneration advice was provided by Partner Mahesh Varia and Senior Associate Kevin Donegan. Employment advice was provided by Senior Counsel Ailie Murray and Associate Chris Wilkinson.

The consortium was advised by Kirkland & Ellis.