ICG, the global alternative asset manager, today announced that its European Corporate team has signed an agreement to support the founders of Navarino (“the Company”), Dimitris and Panos Tsikopoulos, in their next stage of growth.
Navarino, a leading maritime technology company, has established itself over the past 25 years as a trusted partner to vessel owners and managers worldwide, delivering a comprehensive suite of critical technology, connectivity, and cybersecurity services. The Company’s consistent growth and commitment to innovation has positioned it as a market leader.
As part of the transaction, Navarino’s founders will reinvest in the business, while existing investor Viasat will divest its minority stake. ICG will collaborate closely with Dimitris and Panos Tsikopoulos, who will retain control of the Company, providing a bespoke financing solution to support their long-term strategic objectives.
ICG’s European Corporate strategy has a 36-year track record and specialises in flexible, tailored solutions that empower founders and management teams to achieve sustainable, long-term value creation.
Dimitris and Panos Tsikopoulos, Navarino, commented:
We are delighted to join forces with ICG at an important inflection point for Navarino and the broader maritime industry. Our focus remains on enhancing the quality and breadth of the products and services that we deliver to our clients. Our partnership with ICG will enable us to accelerate growth by leveraging their strategic expertise and financial resources. We thank Viasat for the long-term investment in Navarino and look forward to our ongoing commercial relationship and further enhancing the client experience for our trusted partners.
Stelios Elia, European Corporate Managing Director, ICG, commented:
Navarino exemplifies the qualities we seek in a partnership: an ambitious, founder-led business delivering mission-critical solutions in a resilient, growing market. We have followed Navarino’s impressive journey for many years and are privileged to invest in its future. We look forward to working closely with Dimitris, Panos, and the broader team to support their next stage of growth.
Ben Palmer, President, Viasat Commercial, added:
We are grateful to Panos and Dimitris for their close partnership over many years. Our mutual investment has helped to enable Navarino’s growth and to position Inmarsat Maritime as the trusted brand in the Mediterranean maritime connectivity market. While this marks a strategic step in our ongoing initiatives to monetize certain portfolio assets, we look forward to sustaining our strong commercial relationship with the Navarino team in this key market. Furthermore, we believe that ICG is the right partner for the Company’s continued expansion.
Following the close of this transaction, expected by the end of March 2026 pending regulatory approvals, Viasat will no longer hold an equity interest in Navarino. Terms of the transaction were not disclosed.
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For further information please contact:
Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
[email protected]
Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
[email protected]
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $124bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 30 September 2025.
About Navarino
Navarino is a leading global provider of critical technology and connectivity solutions for the maritime industry. Serving over 600 shipping companies and 12,000 vessels worldwide, Navarino operates from 15 strategic hubs, including the UK, Greece, the USA, and Japan. With the most comprehensive suite of solutions on the market, Navarino empowers shipping companies to stay connected, secure, and efficient at sea.
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.
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