The Space Investor - 🚀 York Space Hits Unicorn Status

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• The company provides design and integration of space infrastructure and other instruments for end-to-end space missions with revenue of €49M, after tax profit of €3M and contract backlog of €113M.
   
• Upon closing, the firm expects the transaction to be accretive to Redwire’s adjusted EBITDA and free cash flow. AE Industrial Partners is providing the financing commitment for the transaction.

• The sale of the ‘Link 16 Tactical Data Links’ business includes the Multifunctional Information Distribution System (MIDS) platforms and associated next-generation Link 16 terminals and handheld radios, as well as the Link 16 to space business.
   
• L16 TDL brought in ~$400M of revenue and an ~$125M of adjusted EBITDA in the LTM ended June 30, 2022.
   
• Viasat intends to use the proceeds of the deal to reduce net leverage and increase liquidity.

• York is an independent provider of small satellites, satellite components and turnkey mission operations. The deal now makes the company the latest space unicorn.
   
• BlackRock Private Equity Partners also agreed to invest alongside AEI in the transaction.
   
• York also announced a contract worth up to $200M with Space Development Agency contract for 12 satellites this week.

• The firm signed a three-year term loan leveraging the credit guarantee program offered by Organization for Small & Medium Enterprises and Regional Innovation, JAPAN (SMRJ).
   
• Astroscale is now eligible for funding through SMRJ’s credit guarantee program with a 50% guarantee for principal, up to $17.5M.

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