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Momenta's Take #32

PE Dealflow Continues with Orbcomm

Orbcomm announced a private agreement by equity firm GI Partner!

On April 8th, Orbcomm announced an agreement to be taken private by private equity firm GI Partners for approximately $909 million. The deal represented a premium of about 52% to the company's closing share price prior to the announcement. Including net debt, the transaction is valued at about $1.1 billion and is expected to close in the second half of 2021.

May 6, 2021 | 4 MIN READ

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