AEI Concurrently Closes its Previously Announced Strategic Investment in Firefly Aerospace

BOCA RATON, Fla., March 22, 2022 (AE Industrial Partners PR) — AE Industrial Partners, LP (“AEI”), a U.S-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets, announced today that it led a $75 million Series B financing round in Firefly Aerospace (“Firefly” or the “Company”), an emerging leader in economical launch vehicles, spacecraft, and in-space services. The Series B investment will support Firefly’s next stage of growth by providing capital for future Alpha flights, the Blue Ghost Lunar Lander Program, and the development of additional launch and in-space solutions. Concurrently, AEI completed its previously reported acquisition of Noosphere Venture Partners LP’s (“Noosphere Ventures”) stake in the Company. The transaction values Firefly above its May 2021 Series A valuation of more than $1 billion.

SatixFy is a vertically integrated fabless semiconductor chip company providing products based on in-house developed chips across the entire satellite communications value chain

SatixFy customers include a list of significant players in the satellite telecom industry, such as Telesat, OneWeb, Airbus and others.

This transaction along with a recently completed capital raise will result in up to $350 million in gross proceeds assuming no trust redemptions, including a $29 million PIPE with participation from key institutional investors including Sensegain Group and Antarctica Capital, and a Committed Equity Facility of up to $75 million from CF Principal Investments LLC, an affiliate of Cantor Fitzgerald. In addition, the Company recently closed on an additional financial commitment of $55 million from Francisco Partners.

Transaction implies a pro forma implied equity value of the combined company at approximately $813 million.

NEW YORK & REHOVOT, Israel, March 08, 2022 (SatixFy Communications/Endurance Acquisition Corp PR) — SatixFy Communications Ltd. (“SatixFy”), a leader in next- generation satellite communication systems based on in-house developed chipsets, and Endurance Acquisition Corp. (“Endurance”) (NASDAQ: EDNC), a publicly traded special purpose acquisition company formed by an affiliate of Antarctica Capital, an international private equity firm with $2 billion of assets under management, announced today a definitive merger agreement that will result in SatixFy becoming a publicly listed company.

Definitive Agreement on Acquisition by U.S.-based Investment Firm will Fuel Firefly’s Continued Journey as a Leader in End-to-End Space Transportation

BOCA RATON, Fla., Feb. 24, 2022 (AEI PR) — AE Industrial Partners, LP (“AEI”), a U.S-based private equity firm specializing in aerospace, defense & government services, space, power and utility services, and specialty industrial markets, announced today that it has reached a definitive agreement to acquire a significant stake in Firefly Aerospace (“Firefly” or “the Company”), an emerging leader in economical launch vehicles, spacecraft, and in-space services, from Noosphere Venture Partners LP (“Noosphere”). Transaction closing is subject to the satisfaction of regulatory approvals, including Hart-Scott-Rodino (“HSR”) clearance. Other terms of the transaction were not disclosed.