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  5. Desert Sky Holdings Acquires XCOR Aerospace

M&A Deal Summary

Desert Sky Holdings Acquires XCOR Aerospace

On August 20, 2008, private equity firm Desert Sky Holdings acquired aerospace company XCOR Aerospace

Acquisition Highlights
  • This is Desert Sky Holdings’ 1st transaction in the Aerospace sector.
  • This is Desert Sky Holdings’ 2nd transaction in the United States.
Investment Fate
  • XCOR Aerospace went bankrupt in 2017.

M&A Deal Summary
Date 2008-08-20
Target XCOR Aerospace
Sector Aerospace
Buyer(s) Desert Sky Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

XCOR Aerospace

Mojave, United States
XCOR Aerospace is a provider of a low cost alternative to space flight with its safe, yet revolutionary, highly re-usable, reliable and light weight rocket propulsion systems. It recently held the first public flights of its second generation rocket-powered aircraft before crowds of over 100,000 in Oshkosh,WI. The firm is currently building its third generation vehicle called the Lynx, which will safely take two people to the edges of space, after a standard aircraft-like take off and return for a smooth landing. The Lynx, which will use environmentally sensitive fuels, and be capable of carrying paying customers or scientific payloads, is scheduled to make its first flight in 2010.

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Buyer(S) 1

Buyer

Desert Sky Holdings

Los Angeles, California, United States
Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Desert Sky Holdings LLC is an investment firm focused on acquiring small cap businesses headquartered in Southern California. The Firm targets companies with defensible market positions, diverse customers, and enterprise value of $5 million or less. Prospective businesses generally have at least $0.25 million of EBITDA and $0.75 million of revenue. Desert Sky Holdings LLC is based Los Angeles.

DEAL STATS #
Overall 2 of 2
Sector: Aerospace M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 SmartTalk Media

Tampa, United States

SmartTalk Media LLC is a producer of women's programming through experiential events in premiere theaters across North America. It has produced more than 550 performances of the most influential women of our time in more than 20 cities over the past 15 years.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 XCOR Aerospace

Mojave, United States

XCOR Aerospace is a provider of a low cost alternative to space flight with its safe, yet revolutionary, highly re-usable, reliable and light weight rocket propulsion systems. It recently held the first public flights of its second generation rocket-powered aircraft before crowds of over 100,000 in Oshkosh,WI. The firm is currently building its third generation vehicle called the Lynx, which will safely take two people to the edges of space, after a standard aircraft-like take off and return for a smooth landing. The Lynx, which will use environmentally sensitive fuels, and be capable of carrying paying customers or scientific payloads, is scheduled to make its first flight in 2010.

Sell -
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