In-Flight Entertainment and connectivity supplier Anuvu, once known as Global Eagle, is being acquired by Platinum Equity, a California-based investment group.

In 2021, Anuvu’s predecessor Global Eagle emerged from Chapter 11 restructuring after selling substantially all its assets to a group comprising the firm’s first-lien investors, including but not limited to certain funds managed by affiliates of Apollo Global Management, Eaton Vance Management, Mudrick Capital Management, and Crestline Investors. Two months later, Global Eagle rebranded as Anuvu, according to a report by Runway Girl news.

Now privately-held Anuvu confirms it intends to sell 100 percent of the company to Beverly Hills, California-based Platinum Equity, which manages roughly $50 billion (€42.9m) of diversified assets.

Financial terms have not been disclosed. Headquartered in Lombard, Illinois Anuvu serves 150 airline and 30 cruise-line customers. The company operates two divisions, namely media technology services and connectivity.

“As passenger traffic continues to grow, we are encouraged to see carriers making substantial new investments in both connectivity and entertainment, improving passenger and guest experiences. We look forward to working with Anuvu’s leadership team to capitalize on these tailwinds and other opportunities to grow the business,” stated Platinum Equity Co-President Jacob Kotzubei.

Anuvu is expected to continue operations in both its content and connectivity businesses with the new ownership. CEO Josh Marks will remain.

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Categories: Articles, Business, M&A

Tags: anuvu, IFE