GI Partners is a private investment firm that actively invests in the space industry, particularly focusing on data infrastructure. The firm's data infrastructure strategy invests in data transport, data centers, wireless access, and tech-enabled infrastructure operating companies. GI Partners manages a large portfolio of data centers and has invested in companies like Digital Realty Trust and DataBank. They operate primarily in North America and Europe, partnering with leading institutional investors.
All verified mentions of this organization in source documents.
GI Partners acquired Orbcomm in 2021.
A footnote in the filing references Orbcomm’s pending acquisition by private equity firm GI Partners, Spire’s plans to go public via a SPAC, Kepler’s $60,000,000 Series B funding round, and Astrocast’s consideration of going public.
On 2021-05-10 Orbcomm did not receive any alternative proposals during its 30-day go-shop period following GI Partners' $1,100,000,000 acquisition offer.
Orbcomm is under no-shop restrictions that limit its ability to seek alternative deals as the GI Partners transaction moves toward closing in the second half of 2021.
Orbcomm is in the process of being sold to private equity firm GI Partners in a transaction valued at $1,100,000,000 including net debt.
GI Partners plans to buy satellite operator Orbcomm for about $1,100,000,000 including net debt.
GI Partners has raised more than $26,000,000,000 to invest in companies since 2001.
Orbcomm stockholders will receive $11.50 in cash per share under the deal with GI Partners.