Transaction between EQT and Eutelsat to carve out satellite ground infrastructure into SatPort Infrastructure will not proceed
The EQT Infrastructure VI fund (“EQT Infrastructure”) confirms that the contemplated transaction announced on 9 August 2024 will not proceed. EQT Infrastructure had agreed to acquire a majority stake in Eutelsat Group’s Ground Station Infrastructure Business through a newly created portfolio company, SatPort Infrastructure. As part of the transaction, Eutelsat had agreed to reinvest to own 20% of SatPort Infrastructure.
The transaction will not proceed due to conditions precedent to closing not being satisfied. EQT Infrastructure remains fully committed to the growth of its portfolio company SatPort Infrastructure and will continue to invest in and develop the platform as a standalone business. SatPort Infrastructure will continue to pursue its strategy of building a resilient, secure and scalable satellite ground infrastructure platform, serving a broad range of satellite operators, governments and enterprise customers.
Without the closing of this transaction, EQT Infrastructure VI is expected to be 60-65 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).
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EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of more than three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has €270 billion in total assets under management (€141 billion in fee-generating assets under management) as of 31 December 2025, within two business segments – Private Capital and Real Assets.
With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.
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