Gogo to acquire Satcom Direct

Niederer Kraft Frey advised Gogo Inc. (NASDAQ: GOGO) as Swiss counsel on its definitive agreement to acquire Satcom Direct, Inc. This acquisition will create the only in-flight connectivity provider able to satisfy the performance and cost needs of every segment of the global business aviation and military/government mobility markets and will accelerate Gogo’s growth strategies and offering of integrated GEO-LEO satellite solutions and world-class customer support.

Gogo is a leading provider of in-flight broadband Internet service and other connectivity services headquartered in Broomfield, Colorado.

Under the terms of the agreement, Satcom Direct will receive USD 375 million in cash and five million shares of Gogo stock at closing, and up to an additional USD 225 million in payments tied to realizing certain performance thresholds over the next four years.

The transaction has been unanimously approved by the board of directors of Gogo and remains subject to regulatory approvals and other customary closing conditions, and is expected to close by the end of 2024.

Kirkland & Ellis LLP and Hogan Lovells LLP acted as main legal advisors to Gogo.

The NKF team was led by Corporate/M&A partner Jacques Bonvin, working with partner Andrea Wuerzner (Corporate/M&A and Finance), associate Boris Catzeflis (Corporate/M&A and Technology) and junior associate Julia Pennoni (Corporate/M&A).