Investment Summary

Desert Sky Holdings Exits XCOR Aerospace

On November 8, 2017, invested in aerospace company XCOR Aerospace from Desert Sky Holdings

Investment Highlights
  • This is transaction in the Aerospace sector.
  • This is transaction in the United States.

Investment Summary

Date 2017-11-08
Target XCOR Aerospace
Sector Aerospace
Sellers(s) Desert Sky Holdings
Deal Type Bankruptcy

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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Seller(S) 1

SELLER

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 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-20 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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