Pacific Corporate Group News

$110M Invested in ORBCOMM

Pacific Corporate Group LLC, a private equity investment, fund management and advisory firm, has led an equity financing round totaling more than $110 million for ORBCOMM, a Dulles, Va.-based provider of global satellite telecommunications services. Pacific Corporate Group has committed to purchase $60 million in preferred equity of ORBCOMM for a minority stake in the company. Other investors participating in the financing round include MH Equity Investors, Northwood Ventures, OHB Technology AG, Ridgewood Capital, Torch Hill Capital, and members of ORBCOMM senior management. “Our investment in ORBCOMM reflects our strategy of investing in well-managed, established companies that have significant growth potential,” said Tim Kelleher, a Managing Director of Pacific Corporate Group.