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Goodwin Procter Advises TA Associates on Buyout of Satellite Provider SpeedCast

09.25.12

Goodwin Procter advised long-term client TA Associates, a leading global growth private equity firm, on its recently completed buyout of SpeedCast Ltd., a global network and satellite communications service provider, from Asia Satellite Telecommunications Co. Ltd.

SpeedCast provides satellite-based broadband access and other services in more than 30 countries, primarily in Asia, the Middle East and Africa. Founded in 1999 and based in Hong Kong, SpeedCast supplies broadband communications to telecom carriers, Internet service providers, governments and non-governmental organizations in areas where wire-based communication is impossible or impractical.

Founded in 1968, TA Associates is one of the largest and most experienced middle-market growth private equity firms. The firm has invested in over 400 companies globally and has raised $18 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the healthcare, technology, financial services, business services and consumer industries.

SpeedCast is TA’s eighth investment in the region following its five earlier investments in India and two recent investments in companies operating in China. These investments have spanned industries from telecommunications and technology to healthcare to mining services, and have been both minority investments and buyouts in growth companies.

“We were pleased to advise TA Associates on another promising investment in a growing and exciting field where SpeedCast is a clear frontrunner,” said Yash Rana, chairman of Goodwin’s Asia practice. “We look forward to seeing our client team up with its new partner to provide critical communication connections around the world.”

Led by Rana, the Goodwin deal team that advised TA Associates included Brian McPeake, Wilson Lo, Brinda Dutta and Howard Cubell.