M&A Deal Summary

GI Partners Acquires ORBCOMM

On April 8, 2021, private equity firm GI Partners acquired communications company ORBCOMM for 1.1B USD

Acquisition Highlights
  • This is GI Partners’ 4th transaction in the Communications sector.
  • This is GI Partners’ largest (disclosed) transaction.
  • This is GI Partners’ 38th transaction in the United States.
  • This is GI Partners’ 2nd transaction in Virginia.

M&A Deal Summary
Date 2021-04-08
Target ORBCOMM
Sector Communications
Buyer(s) GI Partners
Deal Type Going Private
Deal Value 1.1B USD
Advisor(s) PJT Partners, Inc.
Raymond James - Investment Banking (Financial)
Milbank (Legal)

Target

ORBCOMM

Sterling, Virginia, United States
ORBCOMM is a wireless data communications company, provides machine-to-machine communication solutions. ORBCOMM was founded in 2001 and is based in Sterling, Virginia.

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Buyer(S) 1

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.

DEAL STATS #
Overall 49 of 59
Sector (Communications) 4 of 7
Type (Going Private) 1 of 3
State (Virginia) 2 of 3
Country (United States) 38 of 47
Year (2021) 1 of 4
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 LGI Healthcare Solutions

Montreal, Quebec, Canada

LGI Healthcare Solutions deploys information systems that span the clinical, operational, and business needs of complex healthcare organizations. LGI Healthcare Solutions was founded in 1982 and is based in Montreal, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Aras

Andover, Massachusetts, United States

Aras is a provider of enterprise open source technology with an advanced model-based service-oriented architecture to deliver a highly scalable, flexible, and secure PLM solution suite. Aras was founded in 2000 and is based in Andover, Massachusetts.

Buy -
Mergr

Product

Company

Legal