Satellite telecommunications company Inmarsat has been delisted from the London Stock Exchange as a result of its acquisition by a group of private equity and pension fund managers.

The company’s new owners are funds controlled by Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board.

They reached the acquisition deal with Inmarsat in March, setting the purchase price at $7.21 a share, or $3.4 billion in total (£2.6 billion).

The transaction was delayed by a dispute with several activist investors including Oaktree Capital Management but went ahead nevertheless on December 4. The shares were delisted the following morning.

Investment banks JP Morgan Cazenove, PJT Partners and Credit Suisse advised Inmarsat on the transaction and Clifford Chance was the company’s legal counsel.

UBS led a group of three financial advisers to the acquiring consortium. Bank of America and Barclays are the other two. The consortium’s legal advisers were Kirkland & Ellis and Freshfields Bruckhaus Deringer, with Freshfields focusing on anti-trust matters.