Rocket Lab to Acquire Iridium

Fried Frank is advising Evercore as exclusive financial advisor to Iridium, a leading provider of global voice, data, and positioning, navigation and timing satellite services, on its agreement to be acquired by Rocket Lab, a global leader in launch and space systems, in a transaction representing an enterprise value of approximately $8 billion.

The combination merges Rocket Lab's leading launch capabilities and satellite manufacturing with Iridium's global satellite communications network, spectrum and 500-plus strong partner ecosystem to create a competitive, vertically-integrated space company that designs, builds, launches and operates its own constellations, delivering critical communications capability to millions of users worldwide. For more information, read the companies' press release.

This transaction is a continuation of Fried Frank's work advising Evercore as financial advisor on complex transactions, which includes the firm most recently advising Evercore as financial advisor to Globalstar's special committee on Globalstar's agreement to be acquired by Amazon and ZIM on its agreement to be acquired by Hapag-Lloyd.

M&A and private equity partners Philip Richter and Roy Tannenbaum are leading the Fried Frank team, which includes M&A and private equity associate Travis Doyle.

This communication is for general information only. It is not intended, nor should it be relied upon, as legal advice. In some jurisdictions, this may be considered attorney advertising. Please refer to the firm's data policy page for further information.