Acquisition of NewSat Communications SA by ITC Global Inc.
On July 1, 2013, ITC Global Inc., a leading global provider of satellite communication services to the mining, energy and maritime sectors, completed its previously announced acquisition of NewSat Communications SA, a privately-held Swiss-based leading provider of satellite communications solutions to the Europe, Middle East and Africa energy markets.
ITC Global Inc. is a portfolio company of Riverside Partners, a Boston-based private investment firm that invests in growing middle market healthcare and technology oriented companies.
Lenz & Staehelin advised the purchaser in relation to Swiss law aspects regarding the acquisition of NewSat Communications SA and the financing of this transaction. The team was led by Andreas Rötheli (overall, M&A / financing) and included Felix Gey and Giulia Castracane (both M&A / financing) and Daniel Schafer and Arnaud Martin (both Tax).