GI Partners acquisition of ORBCOMM
GI Partners took satellite IoT company ORBCOMM private.
- Company
- ORBCOMM
- Type
- M&A
- Status
- Completed
- Date
- 1 Sep 2021
- Value
- US$1.1bn
- Value basis
- About US$1.1bn including debt; US$11.50 per share in cash
- Region
- US
- Segment
- Satellite IoT
Parties
- GI Partners buyer
- ORBCOMM shareholders seller
Key terms
- Price per share
- US$11.50 cash
- Announced
- 8 Apr 2021
Sources
- ORBCOMM 8-K: ORBCOMM to be acquired by GI Partners sec.gov · 8 Apr 2021
- ORBCOMM 8-K: completion of acquisition by GI Partners sec.gov · 1 Sep 2021
Record ORB-INV-2021-0015. Investments are kept apart from the financings register and never counted in debt totals.
