Threats of harming another The terms of the transaction were not disclosed. The Blackstone Group keeps feeding its seemingly insatiable appetite for industrial real estate. Copyright 2023 Surperformance. We're building some really interesting capabilities in terms of embedding our data and our analytics, in Microsoft Teams, making it interoperable with Excel, PowerPoint, other Microsoft products," he told CNBC's "Squawk Box Europe. With 2020 a little more than half over, eight U.S. space companies have been acquired and more deals are in the works. Raytheon Technologies has completed the sale of its Danbury-based electro-optics business, a condition of the historic, $120 billion merger that consolidated the former United Technologies Corp . The facility has changed hands several times over the years, with past owners including Perkins-Elmer, Hughes, and Goodrich Corp. UTC acquired the site in 2012, when it bought out Goodrich for $16.5 billion. TAG Aero specializes in the purchase, sale, and lease of all APU models for commercial and regional aircrafts and is based in Winter Garden, FL. This month, MGM said it was selling its Aria Resort & Casino and Vdara hotel properties to Blackstone for $3.9 billion. We are the biggest opportunistic investment platform in the world. Copyrights Executive Mosaic - All Rights Reserved. "We see the result as strong enough to keep sentiment for LSEG intact ahead of any potential share disposals over the coming months," RBC Europe said in a note to clients. The space industry is booming and at AMERGINT Technologies, we are the link. Since 2008, AMERGINT has delivered more than 2,500 applications, services/microservices, and cloud-based solutions that support mission-critical communication networks. The Blackstone Group's most common sectors for investment are communications (9%) and information technology (7%) . The private equity firm said it would acquire Preferred Apartment Communities, a real estate investment trust, for $6 billion . The company's software is deployed virtually on cloud architectures performing control center data formatting and interface conversion for commands and telemetry, with full support for NSA . According to Amergint officials, the subsidiary has been renamed Danbury Mission Technologies, and is headed by Andreas Nonnenmacher, a former vice president at Raytheon Technologies who will concurrently serve as president of Amergint. Satellite TT&C modems for cubesat, smallsat, and geostationary satellites. Its just a different type of deal flow, said Van Espahbodi, Starburst Aerospace co-founder and managing partner. The Blackstone Group is an alternative asset management firm based in New York, NY. The terms of the transaction were not disclosed. The terms of the transaction were not disclosed. The terms of the transaction were not disclosed. Whats more, the IPO market has been very depressed in the last couple of years, Crawford said. Boundary Equipment designs, manufactures, repairs, and supplies wear parts for mining, forestry, cement, agriculture, construction, marine, and power utility industries and is based in Edmonton, Canada. The first was Altius Space Machines, a robotics and technology startup. Light rain early. This field is for validation purposes and should be left unchanged. 4/30/2020 Lowden Street Capital acquired Southern Air Custom Interiors, Inc. 2023 CNBC LLC. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, residential, office, hospitality and retail. This article originally appeared in the Aug. 3, 2020 issue of SpaceNews magazine. ARKA stands for more than creating better technology. In other cases, small space firms could be merged into vertically integrated businesses meant to stand on their own. ARKA stands for more than creating better technology. Developer of software-defined signal and protocol processing applications designed for the satellite ground, test and data acquisition markets. Blackstone expands further into rental housing in the United States. She Terabytes of satellite data reliably delivered to data centers around the world. 6/26/2020 B3Bar Holdings LLC acquired DataWing Global. Error! Get top stories, military space news and more delivered to your inbox. Exits are now on the rise thanks to the spate of acquisitions and Virgin Galactics headline-grabbing IPO and reverse merger. Hiring and building intellectual capital is at the core of our company. We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. Since acquiring Deep Space Industries, Bradford has focused on organic growth, combining the capabilities of the firms it acquired to develop a maneuverable spacecraft bus. . Our view is that space over the next decade will be a significant growth market, said Kirk Konert, partner at AE Industrial Partners. Credit Suisse Trims Blackstone's Price Target to $69 From $69.50, Keeps Underperform Ra.. Goldman Sachs Adjusts Price Target on Blackstone to $100 From $86, Maintains Buy Rating. GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity. The acquired assets comprise electronic warfare technologies. As of April 30, 2020, the company received $3.1 million in its first tranche from 6 investors. On Friday, the company sold its stake in SeaWorld to Zhonghong Group, a Chinese investment firm, for about $449 million. We want to hear from you. We work together on small project teams and in close cooperation with our customers to apply our products to their requirements. AMERGINT Technologies on Monday said it has agreed to acquire the space-based optics business of Raytheon Technologies [RTX], adding a new line of capabilities for the company.. (TUI), in May. Voyager, for example, anticipates making roughly four deals per year, said Taylor, CEO and chairman of the holding company he established to make long-term investments in space companies. AMERGINT develops software-defined signal and protocol processing applications for military, intelligence, and commercial space and is based in Colorado Springs, CO. AMERGINT also recently acquired Tethers Unlimited, Inc. (TUI), in May. Amergint specializes in software-defined communications technology for military, intelligence and commercial customers and it's on the rise. Danbury was previously a division of Raytheon Technologies Collins Aerospace unit. Britain is seeking to persuade Softbank-owned UK chip technology company Arm to have a listing in London. Visit: www.amergint.com. AMERGINT develops software-defined signal and protocol processing applications for military, intelligence, and commercial space and is based in Colorado Springs, CO. Simpson Thacher & Bartlett LLP is serving as legal advisor to AMERGINT. The terms of the transaction were not disclosed. Gardner is a private equity firm based in New York, NY. Share with Us. In space, exits probably happen in 10 years, 20 years or maybe never. You have permission to edit this article. 6/23/2020 Gardner Standard LLC acquired Shadin L.P., dba Shadin Avionics LP. Thats the approach favored by Max Polyakov, founder and CEO of Earth Observing System (EOS) and Noosphere Venture Partners managing partner. Terms of the deal were not disclosed. Larry Hill, CEO of AMERGINT Technology Holdings, said: We are thrilled to work with Andreas Nonnenmacher and the team at Danbury. Thomson Reuters, the parent company of Reuters News, owned about $5.6 billion worth of LSEG shares as of Jan 31. Terms of the transaction were not disclosed. The terms of the transaction were not disclosed. Rather than seeing hard venture cash going into big idea companies, were now seeing a different type of financial transaction that helps early-stage investors and gives these companies that have been around for some time the leg up to continue to grow., In some cases, private equity firms may combine subsystem suppliers to form an integrated solution that becomes a more compelling business, Espahbodi said. AMERGINT builds transformational hardware and software solutions that support critical programs around the globe and in space. AMERGINT brings together engineers, software developers, technicians, and professional staff who enjoy solving complex and varied problems. It was Voyagers second acquisition since it was founded in October 2019 by prominent space angel investor Dylan Taylor. Armorstruxx provides ballistic and blast protection solutions and is based in Lodi, CA. However, the COVID-19 pandemic and recession are doing little to dampen enthusiasm among leaders of the companies shopping in the space sector. Blackstone is one of the largest property owners in the world, owning and. Amerigint. We believe in building a better world. The U.S. market alone racked up 11 exits in 2019 compared with eight in 2018. Gibson, Dunn & Crutcher LLP served as legal advisor to Made In Space. A mix of sun and clouds by afternoon. Its that fact that is driving our level of acquisition activity right now.. Tethers develops and produces products based upon space tether technologies and provides in-space services and is based in Bothell, WA. Schwimmer said the integration of Refinitiv and a strategic $2 billion partnership announced with Microsoft in December meant LSEG is "shifting from integration to transformation". The Firm's most common investment types include buyout (lbo, mbo, mbi) (24%) and secondary buyout (23%). We are passionate about solving mission-critical challenges and empowering our employees to thrive. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on Clipboard (Opens in new window), NASA Mars orbiter reveals Chinas Zhurong rover has not moved for months, SpaceX proceeding with Starship orbital launch attempt after static fire, Secretive military space agency stepping out of the shadows, China unveils lunar lander to put astronauts on the moon, The coming Chinese megaconstellation revolution, Crew-6 launch slips as Progress leak investigation continues. Raytheon Technologies was required by the U.S. government to divest the Connecticut precision-optics business under terms permitting the merger of the former Raytheon and United Technologies. Still, investors muse privately about creating the type of company that could cash in on public interest in space. Think big, dream bigger, define the new beyond. Blackstone (NYSE:BX) today announced the final close of its latest global secondaries strategy, Strategic Partners IX, and inaugural GP-led continuation fund strategy, Strategic Partners GP Solutions (together with their related committed program vehicles, "SP IX" and "SP GPS" respectively). Vuk Valcic | SOPA Images | LightRocket via Getty Images, Revenue impact of Microsoft deal will be seen by 2025, LSEG CEO signals. 6/1/2020 AE Industrial Partners, LP (AEI) acquired Deep Space Systems (DSS). The Justice Departments antitrust division in March announced that it would green-light the merger of UTC and Massachusetts-based Raytheon Co. in the works since June 2019 provided the would-be partners divest from sensitive business segments that, if combined, could threaten competition. Their own creating the type of deal flow, said: we are passionate about solving mission-critical challenges empowering! 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