SCHEDULE: Francisco Partners Funds Divest Entire Stake in SatixFy Communications

Francisco Partners-affiliated entities have reported a complete divestiture of their beneficial ownership in SatixFy Communications Ltd., reducing their stake to 0%.

Summary

• FP Credit Partners II, L.P., FP Credit Partners GP II, L.P., FP Credit Partners GP II Management, LLC, and Francisco Partners Management, L.P. (collectively, the "Reporting Persons") no longer beneficially own any shares of SatixFy Communications Ltd.
• The aggregate beneficial ownership of the Reporting Persons is 0.00 Class A ordinary shares, representing 0.0% of the class.
• This filing is an Amendment No. 2 to a previously filed Schedule 13G, indicating a change from a prior beneficial ownership position.
• The event requiring this filing, which is the complete divestment of shares, occurred on July 2, 2025.

Sentiment

Score: 3

Explanation: The complete divestment by Francisco Partners-affiliated entities signals a negative sentiment towards SatixFy Communications Ltd., as a significant institutional investor has exited its position.

Positives

• The Reporting Persons have fully exited their investment position in SatixFy Communications Ltd.

Negatives

• Francisco Partners-affiliated entities have divested their entire beneficial ownership in SatixFy Communications Ltd.
• The Reporting Persons now hold 0.0% of SatixFy's Class A ordinary shares, indicating a complete exit from their prior investment.

Future Outlook

No forward-looking statements or guidance regarding SatixFy Communications Ltd. are provided in this beneficial ownership filing.

Management Comments

• The Reporting Persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor were they acquired or held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing primarily concerns a change in institutional ownership and does not provide broader industry trends or competitive analysis for the satellite communications sector.

Stakeholder Impact

• Shareholders: May react negatively to the news of a significant institutional investor divesting its entire stake, potentially leading to downward pressure on the stock price due to perceived loss of institutional confidence.

Key Dates

Recommendation

The complete divestment of shares by Francisco Partners-affiliated entities, a sophisticated institutional investor, indicates a lack of confidence or a strategic exit from SatixFy Communications Ltd. This action suggests that the reporting persons no longer see value or growth potential in the company, which could signal a negative outlook for other investors. Such a significant divestment often precedes or accompanies a decline in share price, making a 'sell' recommendation prudent for existing holders or an 'avoid' for potential investors.

Keywords

SatixFy Communications, Francisco Partners, Schedule 13G, Beneficial Ownership, Divestment, Shareholding, Investment Fund, Technology, Satellite Communications