PRINT THIS PAGE Eurazeo, TPG and Spectrum acquire Eutelsat stake from Mirror International Holdings15/12/2004. Source: AltAssets. 
 Luxemburg-based Mirror International Holding has agreed to sell its 20.7 per cent stake in Eutelsat for €643m to Whitebirds France, which is controlled by French buy-out firm Eurazeo and Nebozzo. Nebozzo is an entity owned jointly by private investment partnership Texas Pacific Group and private equity firm Spectrum Equity Investors.
The transaction is expected to be completed within the next three months.
Following the transaction Eurazeo has a 36.3 per cent stake in Eutelsat and TPG and Spectrum control a 22 per cent stake.
Eutelsat is a European provider of satellite-based broadcasting and video network services, corporate services and professional network solutions, broadband multimedia services and mobile applications.
Mirror International Holding is controlled by Lehman Brothers Merchant Banking, Banca Intesa and Mirror, which is controlled by LM & Partners.
Earlier this month European buy-out firm Cinven bought 11 per cent of Eutelsat for €337m and shortly before that Goldman Sachs Capital Partners acquired 15.8 per cent for £363m.
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