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  6. Enlightenment Capital Acquires Aurora Flight Sciences

M&A Deal Summary

Enlightenment Capital Acquires Aurora Flight Sciences

On March 14, 2016, private equity firm Enlightenment Capital acquired aerospace company Aurora Flight Sciences from Global Environment Fund

Acquisition Highlights
  • This is Enlightenment Capital’s 2nd transaction in the Aerospace sector.
  • This is Enlightenment Capital’s 11th transaction in the United States.
  • This is Enlightenment Capital’s 2nd transaction in Vermont.
Investment Fate
  • Aurora Flight Sciences was sold to a publicly-traded strategic buyer in 2017.

M&A Deal Summary
Date 2016-03-14
Target Aurora Flight Sciences
Sector Aerospace
Buyer(s) Enlightenment Capital
Sellers(s) Global Environment Fund
Deal Type Secondary Buyout

Target

Aurora Flight Sciences

Manassas, Vermont, United States
Aurora Flight Sciences is an innovative technology company which strives to create smarter aircraft through the development of versatile and intuitive autonomous systems. Operating at the intersection of technology and robotic aviation, Aurora leverages the power of autonomy to make manned and unmanned flight safer and more efficient. Headquartered in Manassas, Virginia, Aurora operates production plants in Bridgeport, West Virginia and Columbus, Mississippi, has Research and Development Centers in Cambridge, Massachusetts, Dayton, Ohio and Mountain View, California, and a European office, Aurora Swiss Aerospace, located in Luzern, Switzerland.

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Buyer(S) 1

Buyer

Enlightenment Capital

Chevy Chase, Maryland, United States
Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enlightenment Capital is a private investment firm that provides flexible capital solutions and strategic support to middle-market businesses in the Aerospace, Defense, Government & Technology (ADG&T) sector. The firm invests in equity (minority and control), senior debt, and mezzanine debt. Enlightenment Capital was founded in 2012 and is headquartered in Chevy Chase, Maryland.

DEAL STATS #
Overall 11 of 33
Sector: Aerospace M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 2
State: Vermont M&A 2 of 2
Country: United States M&A 11 of 33
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Gleason Research Associates

Huntsville, Alabama, United States

Gleason Research Associates is a provider of consulting services to the department of defense, department. Gleason Research Associates was founded in 1982 and is based in Huntsville, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-11 Vanguard Space Technologies

San Diego, California, United States

Vanguard Space Technologies, Inc. is a provider of spacecraft components and assemblies for military, defense, research, and commercial satellites.

Sell -

Seller(S) 1

SELLER

Global Environment Fund

Bethesda, Maryland, United States

Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Global Environment Fund (GEF) is a global alternative asset manager dedicated to the energy, environmental, and natural resources sectors. Global Environment Fund was formed in 1990 and is based in Chevy Case, Maryland.

DEAL STATS #
Overall 16 of 23
Sector: Aerospace M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Vermont M&A 1 of 1
Country: United States M&A 10 of 13
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Iclean

Hyderabad, India

Iclean is a designer, manufacturer of prefabricated modular cleanrooms and accessories, cleanroom equipment, air handling units (AHUs), and lab furniture. Iclean was founded in 2003 and is based in Hyderabad, Telangana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Luminae Energia Group

Sao Paulo, Brazil

Luminae Energia Group is an efficient lighting solutions provider focused primarily on commercial and industrial (B2B) sectors. Luminae is vertically integrated and delivers a one-stop-shop solution site audit, customized project design, assembly of LED lamps, manufacturing of luminaires, automation, and installation services. Luminae Energia Group was founded in 2008 and is based in Sao Paulo, Brazil.

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