Haynes and Boone Advises Satcom Direct on Sale to Gogo for up to $600MM

Haynes and Boone advised Satcom Direct in connection with its sale to Gogo. The transaction includes $375 million in cash and five million shares of Gogo stock. Satcom Direct could also receive up to an additional $225 million based on performance milestones through 2028._x000D_
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The Haynes Boone deal team was led by Brent Backert, mergers and acquisitions partner, and Kenric Kattner, corporate partner. It was supported by Steven Buxbaum, M&A senior counsel; Kourtney Lyda, corporate counsel; and Joshua Reisman, Spencer Bateman, Ryan Ward and Janet Wyse, M&A associates._x000D_
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“This transaction represents a transformative step for Satcom Direct and the broader in-flight connectivity market,” Kattner said. “We are honored to have worked alongside the Satcom team and grateful for their trust in Haynes Boone. It’s been a privilege to contribute to such a pivotal moment in their journey.”_x000D_
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“Haynes Boone’s full-service team provided the expert guidance we needed to navigate this complex deal,” Chris Moore, president of Satcom Direct, said. “Their in-depth industry knowledge and collaborative approach were invaluable in helping us achieve this successful outcome. We’re thankful for their partnership and dedication throughout the process.”_x000D_
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Haynes Boone subject-matter specialists on the team included:_x000D_

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• Danielle Marr, Tax Counsel

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• Logan Weissler, Capital Markets Associate

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• Raquel Alvarenga, Labor and Employment Partner

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• Sean Lewis, Associate

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• Susan Wetzel and Scott Thompson, Employee Benefits Partners

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• Isabella Blanes, Associate

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• Mary Mendoza, Environmental Partner

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• Victor Salazar, Associate

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• Gavin George, Intellectual Property Partner

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• Tanner Luttrull, Associate

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• Zach Prince, Government Contracts Partner

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• Dan Ramish, Counsel

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• Michael Maroulis and Scott Whitman, Associates

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• Larry Shosid, HSR Partner

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• Hannah Shoss and Austria Arnold, Associates

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The transaction is expected to close by the end of 2024.