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News
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Lavery helps NorthStar to close an investment round worth approximately CA$ 47 million
On December 23, 2022, NorthStar Earth & Space Inc. closed a Series C investment round worth approximately CA$ 47 million, with Cartesian Capital Group, LLC, as lead investor through its fund, Pangaea Three Acquisition Holdings III, LLC, Telesystem Space Inc., Luxembourg Future Fund – Co-Investments SA, the Québec Government through its mandatary Investissement Québec, and the Luxembourg Space Sector Development SCSp funded by the world’s leading connectivity solutions provider, SES, and the Luxembourg Government. With this investment, NorthStar will be able to fully finance its Space Situational Awareness (SSA) development project and the launch of its first three monitoring satellites scheduled for mid-2023. Lavery was privileged to represent NorthStar in this important mandate. Our partner, Ms. France Camille De Mers, led the transaction with the support of Mr. Philippe Brassard and Ms. Pamela Cifola, in particular. Our partners Mr. Ali El Haskouri and Mr. André Vautour also helped make the transaction a success. — NorthStar Earth & Space Inc. is the first commercial enterprise to monitor all near-Earth orbits from space and combine data from a variety of ground-based sensors to provide more extensive coverage. Its suite of high-speed information services accurately tracks and predicts the position of space objects to enable safety in spaceflight. With a head office in Montréal, Canada, European subsidiary in Luxembourg and an American subsidiary in McLean, Virginia, NorthStar is solving the ever-growing threat of space collisions, and, ultimately empowering humanity to preserve our planet.