LSW has advised Gilat Satellite Networks on its USD 245 million acquisition of Stellar Blu Solutions. Naschitz, Brandes, Amir, BCLP, and William Blair reportedly advised Gilat Satellite Networks as well. Sheppard, Mullin, Richter & Hampton reportedly advised the sellers.
Gilat Satellite Networks operates in satellite networking technology, solutions, and services.
Stellar Blu is an avionics provider of Satcom terminal solutions, offering turn-key inflight connectivity solutions, including terminal development, aircraft integration, and certification and installation packages.
According to LSW, "Gilat will pay USD 98 million at closing, with up to an additional USD 147 million payable in cash, contingent upon the achievement of post-closing business and financial objectives. The transaction spanned multiple jurisdictions, including Israel, USA, UK, Germany, and Poland."
The LSW team included Partners Piotr Szelenbaum and Marcin Huczkowski and Senior Associates Kasia Michalik and Joanna Markowicz-Maciocha.
