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PRINT THIS PAGE Private equity firms sell satellite operator PanAmSat to Intelsat for $3.2bn31/08/2005. Source: AltAssets. 
 PE houses Kohlberg Kravis Roberts, Providence Equity Partners and The Carlyle Group have agreed to sell satellite operator PanAmSat to Intelsat for $3.2bn.
PanAmSat provides video, broadcasting and network distribution and delivery services.
Using a combined fleet of 53 satellites, PanAmSat and Intelsat will serve customers in more than 220 countries and territories.
David McGlade, chief executive officer of Intelsat, said, 'The combination of Intelsat and PanAmSat creates an industry leader with the ability to provide competitive communications and video services to consumers and businesses.'
KKR specialises in management buy-outs and has offices in New York, Menlo Park, California and London, England.
Carlyle invests in a range of industry sectors and has $29.6bn under management. The Group employs 560 people in 14 countries.
Providence specialises in equity investments in communications and media companies around the world. The firm's principals manage funds with over $9bn in equity commitments. Providence has offices in Providence, Rhode Island, London, England, and New York.
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