NEW YORK, N.Y. and TULSA, Okl., March 4, 2019-- Global investment firm The Carlyle Group (NASDAQ: CG) and family-owned aerospace company NORDAM today announced that The Carlyle Group has agreed to make an equity investment in The NORDAM Group, Inc., an aerospace manufacturing and repair company. Carlyle's equity, along with new debt financing, will fund NORDAM's exit from Chapter 11, de-lever the business and position the company for continued growth. The Siegfried family will retain its 50-year ownership and oversight of the business, and continue to lead the company forward. Carlyle's equity will come from Carlyle Strategic Partners IV L.P.
The torrid pace of private investments in space startups slowed somewhat last year, but remains at a high enough level to fuel further development of the burgeoning sector.
Chinese Private Aerospace Firm Raises $14M In Series A+ Round From Skychee Ventures - China Money Network
Commsat, a Chinese private aerospace company, has raised about RMB100 million (US$14.40 million) in series A+ round of financing, led by Skychee Ventures.
A weekly recap of the most interesting venture capital deals, funds and start-ups. : Walmart plans to acquire the grocery delivery start-up Cornershop for $225 million. The company, which operates in Latin America, had raised around $20 million in venture funding from Accel, Endeavor Global, Jackson Square Ventures and others. Like Instacart, customers can use Cornershop to send a personal shopper to the grocery to pick up, and then deliver the items they want to their homes. Chinese electric car company Nio made its Wall Street debut on Wednesday.
This marks the first time the Silicon Valley-based venture capital firm has invested in a private space company. "We're very excited about what's going on in space," said Martin Casado, a general partner at Andreessen Horowitz. "It's very clear there's a massive disruption going on."
In the last few years, space startups have benefitted from a flow of private investment that has grown from a trickle to at least a steady stream. Venture capitalists and other institutional investors once reticent to invest in space companies, because of the market or other uncertainties, have opened their pocketbooks to fund a variety of companies. Here's why.
Private investors poured $3.9 billion into commercial space companies last year, a record according to a report from investment firm Space Angels. It said venture capital is pouring into the sector and finding success.
Starburst Insights, the investment briefing and report service from the leading global aerospace and aviation incubator, reveals that venture capital investments in aerospace, space, and defense startups equated to $551 million in the first quarter of 2017 alone, with 26 investments made.
Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Although not primarily known for corporate activism, Third Point recently suggested to Honeywell International Inc that the company spin off its aerospace unit, which has been a drag on performance. While journalists were not permitted to hear Loeb speak, people familiar with his...
Joel Greenblatt is a managing partner of Gotham Capital, a hedge fund that he founded in 1985 and Gotham Asset Management, a manager of hedge funds and long/short mutual funds. He is the former Chairman of the Board of Alliant Techsystems, a NYSE listed aerospace and defense company.